$1,400,000
SOLD OCT 29, 2024
12 Beds
-- Bath
5,016 Sq Ft
2,339 Sq Ft Lot

Recently Sold

$279 Per Sq Ft

33% Below List Price

166 Days on Market

Highlights

  • Heating Available
  • 5-minute walk to Union And Mason
  • 2-minute walk to Washington Square
  • Garfield Elementary School Rated A-

About This Home

As of October 2024

Discover an enticing investment opportunity nestled in the sought-after Telegraph Hill / North Beach locale. This property boasts a mix of six two-bedroom units and four studios (unwarranted), offering a diverse range of rental options. What makes this investment particularly appealing is the significant potential for rental upside, including the opportunity to bring banked rents up to current market rates. Situated in close proximity to the vibrant amenities of the local area, this property stands out as a highly desirable investment. Its strategic location offers easy access to a plethora of restaurants, shops, public transportation, and more, making it an attractive choice for potential tenants.

Last Agent to Sell the Property

Earl Chan

Madison Hunter License #01248630

Last Buyer's Agent

steven fang

Pellego, Inc. License #01453613

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 2,339 Sq Ft Lot

Home Design

  • 5,016 Sq Ft Home
  • Tar and Gravel Roof

Utilities

  • Heating Available
  • Separate Meters

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 0103-030

Community Details

Overview

  • 10 Units

Building Details

  • 8 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Original, Varies By Unit
  • Accessibility Features: None
  • Year Built: 1911
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Storage Area, Unfinished
  • Number Of Rooms: 29
  • Price Per Square Foot: 279.11
  • Square Footage: 5016.00
  • Window Features: Varies By Unit

Exterior Features

  • Roof: Tar/Gravel

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public

Fee Information

  • Utilities Expenses: 34000

Lot Info

  • Assessor Parcel Number: 0103-030
  • Lot Features: Curbs/Gutters, Shape Regular, Sidewalk
  • Lot Size Acres: 0.0537
  • Lot Size Sq Ft: 2339.00
  • Lot Size Units: SqFt
  • Price Per Acre: 26070763.50

Building Info

  • Number of Units Total: 10

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 8.43
  • Number Of2 Bedrooms Occupied: 5
  • Number of 2 Bedroom Units: 6
  • Number of Studio Units: 3
  • Number Of Units Leased: 8
  • Number Studios Occupied: 4
  • Separate Meters: Electricity, Gas

Map

Range of Values:

Collateral Analytics

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $1,400,000 -6.4% $279 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $1,495,000 -11.4% $298 / Sq Ft
09/20/2024 09/20/24 Price Changed $1,688,000 -7.2% $337 / Sq Ft
07/11/2024 07/11/24 Price Changed $1,818,000 -13.4% $362 / Sq Ft
05/01/2024 05/01/24 For Sale $2,100,000 -- $419 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 424028625

San Francisco Association of REALTORS® MLS