NOT LISTED FOR SALE
6 Beds
-- Baths
4,990 Sq Ft
2,692 Sq Ft Lot

Sale Details

Date Sold: August 8, 2019

Last sale price $1,800,000 $361 Per Sq Ft

334 Days on Market

About This Home

As of August 2019

Price Reduction! $250k per unit! The subject property consists of eight units located on the corner of 24nd Ave. and Balboa St. The unit mix is two 2Br/1Ba, two 1Br/1Ba and four studios. The property has great street frontage on a quiet intersection and units receive good sunlight and have great open layouts. Rents are well below market and offer an opportunity to realize tremendous upside in future rents. The property has been well maintained through the years. The roof was recently replaced. Units have separately metered gas and electric; owner pays trash and water. The property is on the S.F. soft story retrofit list and will require retrofit work to be completed. Plans have been submitted and approved and bid to complete the work has been obtained.

Last Agent to Sell the Property

Michael Johnston

Engel & Voelkers San Francisco License #01370461 Listed on: 09/05/2018

Engel & Voelkers San Francisco

Last Buyer's Agent

Tat Cheung

Global Realty License #00447944

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 2,692 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 4,990 Sq Ft Home

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 1620001

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

2,692 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Year Built: 1955
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 360.72
  • Square Footage: 4990.00

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Lot Info

  • Assessor Parcel Number: 1620001
  • Lot Size Acres: 0.0618
  • Lot Size Sq Ft: 2692.00
  • Lot Size Units: SqFt
  • Price Per Acre: 29126213.59

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Rent Multiplier: 17.11
  • Number of Studio Units: 4

MLS Schools

  • School District County: San Francisco

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Aug 2, 2019
Sold by
Marie Brusat Patricia and Powers Family Trust
Bought by
Seller's Agent
Michael Johnston
Engel & Voelkers San Francisco
Buyer's Agent
Tat Cheung
Global Realty
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$514,278
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2008
Sold by
Powers Daniel G
Bought by
Powers Daniel G and Powers Family Trust Family Bypass Trust

Purchase Details

Closed on
Sep 17, 1997
Sold by
Powers Daniel G and Powers Joan C
Bought by
Powers Daniel G and Powers Joan C
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,800,000 Fidelity Natl Ttl Co Concord
Powers Daniel G -- None Available
Powers Daniel G -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/08/2019 08/08/19 Sold $1,800,000 0.0% $361 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
09/05/2018 09/05/18 For Sale $1,800,000 -- $361 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $12,185 $1,045,444 $365,907 $679,537
2025 $12,185 $1,024,945 $358,732 $666,213
2024 $11,866 $1,004,848 $351,698 $653,150
2023 $11,545 $985,145 $344,802 $640,343
2022 $11,468 $965,828 $338,041 $627,787
2021 $11,247 $946,890 $331,413 $615,477
2020 $11,098 $937,181 $328,015 $609,166
2019 $10,914 $918,805 $321,583 $597,222
2018 $10,676 $900,789 $315,277 $585,512
2017 $10,487 $883,126 $309,095 $574,031
2016 $9,831 $865,809 $303,034 $562,775
2015 $9,636 $852,804 $298,482 $554,322
2014 $9,446 $836,099 $292,635 $543,464
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 475489

San Francisco Association of REALTORS®
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