1653 Grant Ave San Francisco, CA 94133
Telegraph Hill NeighborhoodAbout This Home
As of October 20241653 Grant Avenue is 16 unit corner building in San Francisco's storied Telegraph Hill neighborhood. This prime location is situated on a quiet corner of Telegraph Hill, but is mere blocks away from all the best North Beach has to offer. The property is a mix of 10 two-bedroom and 5 one-bedroom apts. Eight of the two-bedrooms on Greenwich Street are Romeo-style units with rear porches. The sixteenth unit is the corner commercial space, . Several of the units have Golden Gate Bridge and Bay Views. The building is detached on all sides, so most units receive great natural light. Rarely will you find a more efficient property with regard to operating expenses as there are separate meters for water, gas, and electricity, each unit has a separate water heater, and tenants pay a pro-rata share of the garbage bill. This asset has experienced a healthy amount of turnover, which should allow for a new owner to keep pace with market rents. The soft story retrofit was completed in 2021. The building is compliant with the Sleep Alarm' ordinance. This is a turn-key asset in one of San Francisco's most desirable locations. Priced to sell at an 11.3 GRM and 6.2% Cap Rate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $41,654
Year Built
- Built in 1908
Lot Details
- 3,837 Sq Ft Lot
Home Design
- 14,291 Sq Ft Home
- Mixed Use
Listing and Financial Details
- Assessor Parcel Number 0088-001
Community Details
Overview
- 16 Units
Building Details
- 15 Leased Units
- 1 Vacant Unit
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2024 10/04/24 | Sold | $6,750,000 | +3.8% | $472 / Sq Ft |
| 03/26/2024 03/26/24 | Pending | -- | -- | -- |
| 03/07/2024 03/07/24 | For Sale | $6,500,000 | -- | $455 / Sq Ft |
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 | $41,654 | $3,420,318 | $2,052,167 | $1,368,106 |
| 2023 | $40,818 | $3,353,263 | $2,011,929 | $1,341,281 |
| 2022 | $40,005 | $3,287,519 | $1,972,480 | $1,314,982 |
| 2021 | $39,314 | $3,223,084 | $1,933,804 | $1,289,280 |
| 2020 | $40,230 | $3,191,778 | $1,913,976 | $1,277,802 |
| 2019 | $38,887 | $3,129,231 | $1,876,448 | $1,252,783 |
| 2018 | $8,330 | $535,203 | $158,358 | $376,845 |
| 2017 | $7,946 | $524,745 | $155,253 | $369,492 |
| 2016 | $7,741 | $514,492 | $152,209 | $362,283 |
| 2015 | $7,611 | $506,792 | $149,923 | $356,869 |
| 2014 | $7,427 | $496,902 | $146,987 | $349,915 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,518,000 | New Conventional | |
| Closed | $4,400,000 | New Conventional | |
| Previous Owner | $2,000,000 | Credit Line Revolving | |
| Previous Owner | $1,200,000 | Unknown | |
| Previous Owner | $3,450,000 | Credit Line Revolving | |
| Previous Owner | $1,600,000 | Unknown | |
| Previous Owner | $0 | Stand Alone Second |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Old Republic Title | |
| Quit Claim Deed | $19,272,727 | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Company |
Source: San Francisco Association of REALTORS® MLS
MLS Number: 424014027
APN: 0088-001
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