$11,900,000

Estimated payment $74,370/month

Total Views 13,295
-- Bed
-- Bath
21,720 Sq Ft
$548 Price per Sq Ft

Highlights

  • Corner Lot
  • 1-minute walk to California And Larkin
  • Coin Laundry
  • Marina Middle School Rated A-

About This Home

1499 California is a four-story, mixed-use, corner apartment building located in Nob Hill, known for its city landmarks and fabulous hotels. This property is conveniently located just seconds away from Trader Joe's and Whole Foods, a few blocks away from Polk Street, Swan Oyster Depot, Bob's Donuts, and the Huntington Garden. Nob Hill is within comfortable walking distance to the iconic San Francisco landmarks; Grace Cathedral, Huntington Park & the SF Masonic Auditorium. Due to it's central location, transportation options are plentiful on Mason, Powell, Clay, Sacramento and California Street. The unit mix in the building consists of eighty-four (84) SROs, four (4) ADUs, and one (1) commercial unit. The units feature hardwood floors, large windows, upgraded appliances, and many private baths. This modern and recently upgraded property features a big and spacious lobby/lounge area, on-site laundry, an elevator, and historic details throughout. 1499 California Street offers investors an opportunity to acquire a high-yield income on a well-maintained building in a prime Nob Hill location.

Listing Agent

Bradley Lagomarsino

Colliers International License #01058500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $95,413

Year Built

  • Built in 1907

Lot Details

  • 6,055 Sq Ft Lot
  • Corner Lot

Home Design

  • Mixed Use
  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 21,720 Sq Ft Home
  • 4-Story Property

Listing and Financial Details

  • Assessor Parcel Number 0250-016

Community Details

Building Details

  • 74 Leased Units
  • 15 Vacant Units

Additional Features

  • 89 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$95,413

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Mixed Use
  • Levels: Four
  • Stories: 4
  • Year Built: 1907
  • Number Commercial Units: 1
  • Special Features: None

Interior Features

  • Number Of Rooms: 89
  • Laundry Features: Coin Operated
  • Price Per Square Foot: 547.88
  • Square Footage: 21720.00

Exterior Features

  • Foundation: Concrete
  • Roof: Composition

Lot Info

  • Assessor Parcel Number: 0250-016
  • Lot Features: Corner, Sidewalk
  • Lot Size Acres: 0.1390
  • Lot Size Sq Ft: 6055.00
  • Lot Size Units: SqFt
  • Price Per Acre: 85611510.79

Building Info

  • Number of Units Total: 89

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 15
  • Gross Rent Multiplier: 7.38
  • Number of Studio Units: 88
  • Number Of Units Leased: 74
  • Number Studios Occupied: 88

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 $95,413 $6,567,590 $2,627,035 $3,940,555
2023 $104,748 $6,438,815 $2,575,525 $3,863,290
2022 $75,788 $6,312,565 $2,525,025 $3,787,540
2021 $74,479 $6,188,790 $2,475,515 $3,713,275
2020 $76,834 $6,125,332 $2,450,132 $3,675,200
2019 $74,272 $6,005,229 $2,402,091 $3,603,138
2018 $71,644 $5,887,481 $2,354,992 $3,532,489
2017 $70,532 $5,772,041 $2,308,816 $3,463,225
2016 $69,345 $5,658,865 $2,263,546 $3,395,319
2015 $68,400 $5,573,865 $2,229,546 $3,344,319
2014 $66,606 $5,464,682 $2,185,873 $3,278,809
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Price Changed $11,900,000 -8.5% $548 / Sq Ft
07/09/2024 07/09/24 Price Changed $13,000,000 -6.5% $599 / Sq Ft
05/21/2024 05/21/24 For Sale $13,900,000 -- $640 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Grant Deed -- Old Republic Title Company
Grant Deed -- Old Republic Title Company
Grant Deed $61,500 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $589,000 Commercial
Open $14,000,000 Commercial
Closed $7,500,000 Negative Amortization
Previous Owner $6,422,500 Unknown
Previous Owner $5,525,000 Balloon
Previous Owner $3,330,000 Unknown
Previous Owner $2,900,000 Purchase Money Mortgage
Previous Owner $2,457,000 Unknown
Source: Public Records

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424035119

San Francisco Association of REALTORS® MLS

APN: 0250-016