NOT LISTED FOR SALE

Estimated Value: $1,579,763

6 Beds
3 Baths
3,640 Sq Ft
$434/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $1,580,000 $434 Per Sq Ft

Current estimated payment $9,087/month

133 Days on Market

Highlights

  • City View
  • 1-minute walk to West Portal
  • Wood Flooring
  • West Portal Elementary School Rated A-
  • Traditional Architecture
  • 2-minute walk to West Portal Recreation Center

About This Home

As of May 2023

Welcome to 272-276 Claremont Blvd in the heart of West Portal. This is a rare opportunity to own a mixed use commercial and residential building with multiple income streams. A 6-bedroom 3-bathroom SRO on the upper level and the favorite Chaiya Thai Restaurant on the lower level with revenue monthly from T-Mobile for cell tower placement of 2k+. This is a well-maintained building that has been in one family for over 40 years. The stairs leading to the upper level is an enclosed entry with Terrazzo tile that has been well preserved. There is a large open common area that consists of a kitchen and living room. The rooms are spacious and well-proportioned with large closets, natural light, high ceilings and skylight. There are 3 full bathrooms on this level and washer and dryer units. It has served as an SRO and owners' residence. The lower level is Chaiya Thai Restaurant, a well-established venue in the area. There is a low maintenance yard. This building is close to all the West Portal district amenities of shopping, coffee shops, transportation. There is potential to go up an additional level. The restaurant was formerly two units that are combined to the one unit. With good rental income and additional projections, this could be the right investment opportunity for you.

Last Listed By

Paula Rose

Corcoran Icon Properties License #01347612 Listed on: 11/14/2022

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,235

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 3,766 Sq Ft Lot
  • Zero Lot Line

Property Views

  • City
  • Garden

Home Design

  • Duplex
  • Traditional Architecture
  • Mixed Use

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Built-In Gas Range
  • Dishwasher

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 2979-008

Community Details

Building Details

  • 1 Leased Unit
  • 6 Vacant Units

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,235

Year Built

Built in 1932 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Mixed Use
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Accessibility Features: Other
  • Levels: Two
  • Stories: 2
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Basement: None
  • Number Of Rooms: 9
  • Appliances: Built-in Gas Range, Dishwasher, Free Standing Refrigerator
  • Flooring: Wood
  • Interior Amenities: Formal Entry
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Price Per Square Foot: 434.07
  • Square Footage: 3640.00

Exterior Features

  • View: City, Garden/Greenbelt

Utilities

  • Heating: Individual, Other
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Security Gate, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 2979-008
  • Lot Features: Garden, Sidewalk, Zero Lot Line
  • Lot Size Acres: 0.0865
  • Lot Size Sq Ft: 3766.00
  • Lot Size Units: SqFt
  • Price Per Acre: 18265895.95
  • Zoning: RH3

Rental Info

  • Lease Term: More Than 12 Months
  • Units Furnished: All Units

Building Info

  • Number of Units Total: 7

Multi Family

  • Number Of Units Vacant: 6
  • Gross Rent Multiplier: 13.86
  • Number of 1 Bedroom Units: 6
  • Number Of Units Leased: 1
  • Separate Meters: Electricity, Gas
  • Total Number Leasable: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Mar 31, 2023
Sold by
Donald And Hatsue Miller Trust
Bought by
Kyo Maru Llc
Seller's Agent
Paula Rose
Corcoran Icon Properties
Buyer's Agent
Paula Rose
Corcoran Icon Properties
List Price
$1,695,000
Sold Price
$1,580,000
Premium/Discount to List
-$115,000
-6.78%
Total Days on Market
133
Views
69
Current Estimated Value
$1,579,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$237
Avg. Annual Appreciation
-0.01%
Original Mortgage
$1,000,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kyo Maru Llc $1,580,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kyo Maru Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $1,580,000 0.0% $434 / Sq Ft
03/31/2023 03/31/23 Off Market $1,580,000 -- --
03/27/2023 03/27/23 Pending -- -- --
01/27/2023 01/27/23 Pending -- -- --
11/14/2022 11/14/22 For Sale $1,695,000 -- $466 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

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 $3,235 $158,266 $63,165 $95,101
2023 $1,877 $155,164 $61,927 $93,237
2022 $1,843 $152,122 $60,713 $91,409
2021 $1,812 $149,140 $59,523 $89,617
2020 $1,916 $147,612 $58,913 $88,699
2019 $1,855 $144,718 $57,758 $86,960
2018 $1,788 $141,881 $56,626 $85,255
2017 $1,768 $139,100 $55,516 $83,584
2016 $1,703 $136,374 $54,428 $81,946
2015 $1,925 $134,327 $53,611 $80,716
2014 $1,633 $131,696 $52,561 $79,135
Source: Public Records

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 422708268

San Francisco Association of REALTORS® MLS

APN: 2979-008