Seller's Agent in 2024
Steven Mavromihalis
Compass
(415) 345-3000
6 in this area
68 Total Sales
985 Pine St San Francisco, CA 94108
Downtown Neighborhood
2
Beds
--
Bath
7,232
Sq Ft
2,450
Sq Ft Lot
Highlights
- Coin Laundry
- 1-minute walk to California And Taylor
- 2-minute walk to Huntington Park
- Marina Middle School Rated A-
About This Home
As of May 2024Aesthetic beauty, location, property condition, effective management, amenities and, of course, overall value, are the critical factors that drive most every Apartment Building investment decision. And the beautifully renovated and well managed 19-unit (consisting of two 1 Bedroom units, 13 Studios, and four Guest Room/Efficiency Units) Edwardian era Building at 985 Pine Street shines in every one of those categories. It delights tenants with its charming architectural detail, its clean and functional interior, and its direct access to work and play. The building is just two blocks from many of San Francisco's finest hotels and best-known Nob Hill landmarks, and just five blocks from Union Square, and the Financial District. And with a GRM of under 12, and a $/Sq. Ft. value under $500, it represents one of the best investment values in San Francisco. $356,743 Gross Income (per seller). CAP Rate: 7.0%. 9.4 GRM. $463/Sq. Ft.
Last Buyer's Agent
Non Member Sales
Non Multiple Participant
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1911
Lot Details
- 2,450 Sq Ft Lot
Home Design
- 7,232 Sq Ft Home
Listing and Financial Details
- Assessor Parcel Number 0274-017
Community Details
Building Details
- 17 Leased Units
- 2 Vacant Units
Additional Features
- 19 Units
- Coin Laundry
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $3,255,000 | -2.8% | $450 / Sq Ft |
| 03/29/2024 03/29/24 | Pending | -- | -- | -- |
| 03/04/2024 03/04/24 | Price Changed | $3,350,000 | -6.9% | $463 / Sq Ft |
| 01/01/2024 01/01/24 | Price Changed | $3,600,000 | -8.9% | $498 / Sq Ft |
| 08/27/2023 08/27/23 | For Sale | $3,950,000 | -- | $546 / Sq Ft |
Source: San Francisco Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 | $39,433 | $3,317,358 | $1,738,002 | $1,556,956 |
| 2024 | $39,433 | $3,230,723 | $1,703,924 | $1,526,428 |
| 2023 | $38,630 | $3,167,459 | $1,670,514 | $1,496,499 |
| 2022 | $37,856 | $3,105,388 | $1,637,759 | $1,467,156 |
| 2021 | $37,205 | $3,044,711 | $1,605,647 | $1,439,064 |
| 2020 | $38,093 | $3,013,425 | $1,589,184 | $1,424,241 |
| 2019 | $36,823 | $2,954,351 | $1,558,024 | $1,396,327 |
| 2018 | $35,791 | $2,896,435 | $1,527,475 | $1,368,960 |
| 2017 | $35,083 | $2,839,655 | $1,497,525 | $1,342,130 |
| 2016 | $34,503 | $2,783,988 | $1,468,162 | $1,315,826 |
| 2015 | $34,047 | $2,742,180 | $1,446,109 | $1,296,071 |
| 2014 | $33,162 | $2,688,477 | $1,417,782 | $1,270,695 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Mavromihalis
-
John Fitzgerald
Seller Co-Listing Agent in 2024
John Fitzgerald
Compass
(415) 637-3646
4 in this area
47 Total Sales
-
N
Buyer's Agent in 2024
Non Member Sales
Non Multiple Participant
Map
Source: San Francisco Association of REALTORS®
MLS Number: 423900277
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