NOT LISTED FOR SALE
10 Beds
-- Bath
4,526 Sq Ft
3,000 Sq Ft Lot

Sale Details

Date Sold: July 29, 2024

Last sale price $1,735,000 $383 Per Sq Ft

34 Days on Market

Highlights

  • Wood Flooring
  • Modern Architecture
  • 6 Car Attached Garage
  • Lafayette Elementary School Rated A
  • Skylights
  • 3-minute walk to Cabrillo Playground

About This Home

As of July 2024

Seize the chance to own a beautifully maintained 6-unit building in a prime San Francisco location at 38th and Balboa. Nestled just steps away from the vibrant Balboa Street corridor, you'll enjoy an array of shops, eclectic restaurants, and convenient transportation options. Plus, the property is within walking distance to the iconic Golden Gate Park and the serene Ocean Beach. Boasting over 4,500 square feet of living space, this exceptional building includes 10 bedrooms and 4 bathrooms. It features four spacious two-bedroom, one-bath units, and two charming one-bedroom, one-bath units. Professionally managed and turnkey, the building also comes equipped with a newly installed silent alarm system, ensuring peace of mind. This versatile property offers an outstanding investment opportunity, promising significant returns and a prestigious addition to any portfolio. Don't miss out on this rare gem in one of San Francisco's most desirable neighborhoods.

Last Agent to Sell the Property

Burton Louie

Compass License #DRE #01231888 Listed on: 06/13/2024

Compass

Last Buyer's Agent

Timothy Fong

Compass License #01458366

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 3,000 Sq Ft Lot
  • Level Lot

Home Design

  • Modern Architecture
  • Concrete Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 4,526 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Double Pane Windows
  • Free-Standing Electric Oven

Flooring

  • Wood
  • Carpet
  • Laminate

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Car Attached Garage
  • 6 Carport Spaces

Utilities

  • Central Heating
  • Separate Meters
  • Cable TV Available

Community Details

  • 6 Units
  • Coin Laundry
  • 6 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 1606-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Modern/High Tech
  • Property Condition: Updated/Remodeled
  • Levels: Three
  • Stories: 3
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Appliances: Free Standing Electric Oven, Free Standing Refrigerator
  • Flooring: Carpet, Laminate, Wood
  • Interior Amenities: Skylight(s)
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 383.34
  • Square Footage: 4526.00
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame, Stucco
  • Foundation: Concrete
  • Roof: Bitumen, Tar/Gravel

Garage/Parking

  • Carport Spaces: 6.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Central
  • Security Features: Carbon Mon Detector, Fire Alarm, Security Gate
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 1606-002
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.0689
  • Lot Size Sq Ft: 3000.00
  • Lot Size Units: SqFt
  • Price Per Acre: 25181422.35
  • Topography: Level

Rental Info

  • Lease Term: Month To Month
  • Units Furnished: None

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Rent Multiplier: 12.12
  • Gross Income Multiplier: 13.960
  • Number Of1 Bedrooms Occupied: 2
  • Number Of2 Bedrooms Occupied: 4
  • Number Of Units Leased: 6
  • Separate Meters: Electricity, Gas

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
Jun 13, 2024
Closed on
Jul 26, 2024
Sold by
Bought by
Seller's Agent
Burton Louie
Compass
Buyer's Agent
Timothy Fong
Compass
List Price
$1,998,000
Sold Price
$1,735,000
Premium/Discount to List
-$263,000
-13.16%
Views
28

Purchase Details

Closed on
Jan 17, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 1994
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 1994
Sold by
Bought by
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
$1,735,000 Wfg National Title Insurance C
-- --
-- --
-- --
-- --
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
07/29/2024 07/29/24 Sold $1,735,000 -13.2% $383 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $1,998,000 -- $441 / 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
2025 $4,208 $1,735,402 $1,214,500 $520,500
2024 $4,208 $240,783 $115,263 $125,005
2023 $4,005 $236,175 $113,003 $122,554
2022 $3,872 $231,594 $110,788 $120,151
2021 $3,808 $227,348 $108,616 $118,732
2020 $4,143 $225,172 $107,503 $117,669
2019 $4,028 $220,779 $105,396 $115,383
2018 $3,887 $216,472 $103,330 $113,142
2017 $3,550 $212,249 $101,304 $110,945
2016 $3,444 $208,109 $99,318 $108,791
2015 $3,388 $205,001 $97,827 $107,174
2014 $3,293 $201,007 $95,911 $105,096
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 424041753

San Francisco Association of REALTORS®
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