$1,950,000

Estimated payment $12,981/month

Total Views 584,361
10 Beds
8 Baths
3,881 Sq Ft
$502 Price per Sq Ft

Highlights

  • Very Popular Property
  • Central Heating
  • 4-minute walk to Cayuga Park
  • Wood Flooring

About This Home

FOR SALE: Renovated 4-Unit Multifamily | $1,950,000 | 7.33% Cap Rate Turn-key, fully occupied 4-unit income property in a prime, high-demand rental market. Generates $12,669/month or $152,028/year in gross income. Professionally managed (6% fee), with a Net Operating Income (NOI) of $142,906 and a strong 7.33% Cap Ratewell above area average. GRM is a competitive 12.82. All units have been recently upgraded with $100,000+ in renovations, including new kitchens, bathrooms, flooring, lighting, and major system updates, minimizing future capex. With a 20% down payment plus improvements ($490K cash in), the projected Cash-on-Cash Return is an impressive 29.16%, assuming modest leverage. Property offers off-street parking and tenant-friendly amenities. Ideal for both seasoned investors and first-time multifamily buyers. Stable income, low vacancy, upside in rents and appreciation. Perfect for 1031 exchange. Rare opportunity to acquire a modern, income-producing asset with minimal maintenance and excellent financials. Contact for full financials and private tour.

Listing Agent

Arash Khalatbari

Extramile Property Management License #01830385 Listed on: 05/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,532

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 2,800 Sq Ft Lot

Home Design

  • 3,881 Sq Ft Home
  • Quadruplex
  • Flat Roof Shape
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof

Kitchen

  • Free-Standing Electric Range
  • Freezer

Flooring

  • Wood
  • Carpet

Utilities

  • No Cooling
  • Central Heating
  • Individual Gas Meter
  • Internet Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7065-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,532

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: Slight left onto CA-1 S Pass by Chase Bank (on the right in 1.2 mi) 3.8 mi Slight right onto Junipero Serra Blvd 0.3 mi Take the exit toward Alemany Blvd/Cow Palace 358 ft Merge onto Brotherhood Way 0.5 mi Turn left onto Alemany Blvd 0.4 mi Continue straight to stay on Alemany Blvd 0.6 mi Turn right onto Naglee Ave Destination will be on the left 0.1 mi 108 Naglee Ave, San Francisco, CA 94112
  • Lot Size Acres: 0.0643
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Appliances: Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Varies By Unit
  • Flooring: Carpet, Varies By Unit, Wood
  • Square Footage: 3881.00

Exterior Features

  • Construction Materials: Frame, Wood
  • Foundation: Concrete Perimeter
  • Lot Features: None
  • Property Condition: Original, Updated/Remodeled
  • Roof: Flat, Shingle

Utilities

  • Cooling: None
  • Utilities: City, Internet Available
  • Water Source: Public
  • Heating: Central, Varies By Unit
  • Laundry Features: Varies By Unit
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 7065-007
  • Lot Size Sq Ft: 2800.00

Building Info

  • Year Built: 1920

Multi Family

  • Number of 2 Bedroom Units: 3
  • Number Of4 Bedroom Units: 1
  • NumberOfUnitsTotal: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $26,532 $2,197,567 $1,538,298 $659,269
2023 $26,139 $2,154,479 $1,508,136 $646,343
2022 $25,651 $2,112,235 $1,478,565 $633,670
2021 $25,201 $2,070,820 $1,449,574 $621,246
2020 $26,047 $2,049,587 $1,434,711 $614,876
2019 $24,583 $2,009,400 $1,406,580 $602,820
2018 $16,926 $1,383,706 $968,595 $415,111
2017 $16,430 $1,356,575 $949,603 $406,972
2016 $16,155 $1,329,977 $930,984 $398,993
2015 $8,676 $702,076 $421,248 $280,828
2014 -- $688,324 $412,997 $275,327
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 For Sale $1,950,000 -- $502 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Deed -- --
Grant Deed -- --
Grant Deed $1,970,000 First American Title Co
Grant Deed $1,310,000 Old Republic Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- --
Grant Deed $549,000 Old Republic Title Company
Quit Claim Deed -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $1,190,000 Commercial
Previous Owner $0 Commercial
Previous Owner $250,000 Credit Line Revolving
Previous Owner $120,000 Credit Line Revolving
Previous Owner $630,000 Purchase Money Mortgage
Previous Owner $511,000 Commercial
Previous Owner $439,200 Commercial
Previous Owner $5,000 Commercial
Source: Public Records

About the Listing Agent

Arash Khalatbari

Extramile Property Management

(628) 232-4934

Section Image

I was licensed as a DRE Broker in Nov 2007. I hold an LL.M in U.S. Legal Studies with a tax concentration from the University of California, Hastings College of the Law.
Check out my Linkedin:

https://www.linkedin.com/in/arash-khalatbari-ll-m-certified-probate-trust-specialist-9526637/

Website:
arash.khalatbari@exprealty.com

Arash's Other Listings

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  • 423 7th St Unit 105, Oakland, CA 94607

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  • 100 Reed Blvd Unit 2, Mill Valley, CA 94941

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    2 Bedrooms, 1 Bath 900 sq. ft. of well-designed living space Panoramic Views Stunning vistas of Strawberry from your expansive private balcony Abundant Natural Light Large windows fill the home with sunshine throughout the day Quiet & Convenient Location Peaceful setting while being close to major highways for easy commuting Top-Rated Schools Access to the prestigious Mill Valley School

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  • 100 Reed Blvd Unit 5, Mill Valley, CA 94941

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    2 Bedrooms, 1 Bath 900 sq. ft. of well-designed living space Panoramic Views Stunning vistas of Strawberry from your expansive private balcony Abundant Natural Light Large windows fill the home with sunshine throughout the day Quiet & Convenient Location Peaceful setting while being close to major highways for easy commuting Top-Rated Schools Access to the prestigious Mill Valley School

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 425043067

Bay Area Real Estate Information Services (BAREIS)

APN: 7065-007