$17,500,000
SOLD APR 1, 2025
41 Beds
-- Bath
35,900 Sq Ft
0.38 Acres

Recently Sold

$487 Per Sq Ft

3% Below List Price

28 Days on Market

Highlights

  • 0.38 Acre Lot
  • Electric Vehicle Home Charger
  • 2-minute walk to George Moscone Park
  • Sherman Elementary Rated A-
  • 45 Car Garage

About This Home

As of April 2025

Magnolia Place is set in the heart of San Francisco's Marina District. This asset presents the rare opportunity to purchase an institutional quality property in one of San Francisco's best rental locations. Constructed in 2001 and not subject to SF Rent Control, the property is situated on a prominent corner with frontage on three contrasting blocks. The ground floor commercial space is on the heavily trafficked Lombard Street, presenting an excellent branding opportunity in a bright and modern space. The residential spaces front on the quieter Buchanan and Magnolia Streets, providing tenants with a quiet neighborhood feel just a block from the high-end shopping on Chestnut Street. These sleek modern units have consistently remained in high-demand. All of the apartments feature hardwood floors, granite countertops, modern appliances, and in-unit laundry. Contributing to the neighborhood vibe is a nicely decorated central courtyard. Commercial tenants will be pleased with the bright and open space, the convenience of a loading dock with a roll up door, and abundant parking set aside in the garage. The combination of location, modern construction and systems, and the ability to keep pace with market rents make this a strong investment opportunity.

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775

Compass Commercial

Co-Listed By

Jim Keighran

Peak Realty Group, Inc. License #01392022

Last Buyer's Agent

Adam Filly

Compass Commercial License #01354775

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Parking

  • 45 Car Garage
  • 45 Open Parking Spaces
  • Electric Vehicle Home Charger
  • Garage Door Opener

Home Design

  • 35,900 Sq Ft Home
  • Bitumen Roof

Additional Features

  • Laundry in unit
  • 0.38 Acre Lot
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0494-012

Community Details

Overview

  • 29 Units

Building Details

  • 27 Leased Units
  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

Parking

45

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 2001
  • Number Commercial Units: 2
  • Special Features: None
  • Stories: 0

Interior Features

  • Laundry Features: In Each Unit
  • Price Per Square Foot: 487.47
  • Square Footage: 35900.00

Exterior Features

  • Roof: Bitumen

Garage/Parking

  • Garage Spaces: 45.00
  • Parking Features: EV Charging, Garage, Garage Door Opener
  • Total Parking Spaces: 45.00
  • Independent Parking Spaces: 45

Fee Information

  • Utilities Expenses: 133142

Lot Info

  • Assessor Parcel Number: 0494-012
  • Lot Features: None
  • Lot Size Acres: 0.3787
  • Lot Size Sq Ft: 16496.00
  • Lot Size Units: SqFt
  • Price Per Acre: 46210720.89

Building Info

  • Building Name: Magnolia Place
  • Number of Units Total: 29

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 2
  • Gross Rent Multiplier: 11.10
  • Number Of1 Bedrooms Occupied: 13
  • Number of 1 Bedroom Units: 13
  • Number Of2 Bedrooms Occupied: 14
  • Number of 2 Bedroom Units: 14
  • Number Of Units Leased: 27
  • Separate Meters: Electricity

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $17,500,000 -2.8% $487 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $18,000,000 -- $501 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424069925

San Francisco Association of REALTORS® MLS