$4,000,000
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $24,602/month

Total Views 5,075
8 Beds
-- Bath
2,846 Sq Ft
$1,405 Price per Sq Ft

Highlights

  • Under Construction
  • Sherman Elementary Rated A-
  • 3-minute walk to Allyne Park

About This Home

2835 Octavia Street offers a rare opportunity to complete a high-end residential project in one of San Francisco's most desirable neighborhoods, Cow Hollow. Located just off Union Street, this property is within walking distance of the area's shops, cafes, and restaurants, providing easy access to everyday conveniences and vibrant local life. The building's proposed layouts include generous living spaces, modern amenities, and a focus on natural light. However, given the current state of construction, the property will require significant additional work to complete. This is a project that will appeal to a buyer or contractor with the expertise to navigate the complexities of an unfinished property and bring it to its full potential. The property is currently mid-construction, with substantial work already completed on the design. The plans for the building include spacious, well- laid-out units, but much of the work remains to be finished. This presents a significant opportunity for the right buyer or contractor to bring the vision to life and create a high-end home in a prime location. One of the standout features of the project is the top-floor 4-bedroom unit. For the right person or team, this property offers the potential for a significant return.

Listing Agent

Gino Franco

Marcus & Millichap License #02027839

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,312

Year Built

  • Built in 1922 | Under Construction

Home Design

  • 2,846 Sq Ft Home
  • Penthouse

Community Details

  • 3 Units
  • 3 Vacant Units

Listing and Financial Details

  • Assessor Parcel Number 0530-005

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,312

Year Built

Built in 1922 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Subtype Description: Apartments, Flats, Penthouse
  • Property Condition: New Construction, Under Construction
  • Year Built: 1922
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Number Of Rooms: 13
  • Price Per Square Foot: 1405.48
  • Square Footage: 2846.00

Lot Info

  • Assessor Parcel Number: 0530-005
  • Lot Features: None
  • Lot Size Acres: 0.1169
  • Lot Size Sq Ft: 5090.00
  • Lot Size Units: SqFt
  • Price Per Acre: 34217279.73

Building Info

  • Number of Units Total: 3

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 3
  • Gross Rent Multiplier: 4000000.00
  • Number of 2 Bedroom Units: 1
  • Number of 3 Bedroom Units: 2

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 $27,312 $2,218,454 $1,533,222 $685,232
2023 $26,782 $2,175,507 $1,503,159 $672,348
2022 $25,915 $2,105,265 $1,473,686 $631,579
2021 $25,466 $2,063,981 $1,444,788 $619,193
2020 $25,668 $2,042,820 $1,429,975 $612,845
2019 $24,800 $2,002,770 $1,401,939 $600,831
2018 $23,969 $1,963,498 $1,374,449 $589,049
2017 $23,393 $1,925,000 $1,347,500 $577,500
2016 $2,541 $156,678 $62,825 $93,853
2015 $2,505 $154,326 $61,882 $92,444
2014 $2,650 $151,304 $60,670 $90,634
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2025 01/03/25 For Sale $4,000,000 -- $1,405 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title
Interfamily Deed Transfer -- Old Republic Title Co
Interfamily Deed Transfer -- Old Republic Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $1,925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,650,000 Construction
Closed $1,482,000 Adjustable Rate Mortgage/ARM
Closed $1,365,000 New Conventional
Closed $500,000 Unknown
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Source: San Francisco Association of REALTORS® MLS

MLS Number: 425000343

San Francisco Association of REALTORS® MLS

APN: 0530-005