$2,500,000
SOLD DEC 6, 2024
8 Beds
-- Bath
5,718 Sq Ft
3,249 Sq Ft Lot

Recently Sold

$437 Per Sq Ft

4% Below List Price

23 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • 8 Car Attached Garage
  • Alamo Elementary School Rated A
  • Corner Lot
  • 5-minute walk to Rochambeau Playground

About This Home

As of December 2024

Fantastic Investment Opportunity in the Heart of San Francisco's Vibrant Richmond District! This 8-Unit residential income property is situated at the corner of 25th Ave and Clement St, in the center of the bustling Richmond District. Each unit is spacious with a 1-Bedroom and 1-Bathroom configuration, 1-Car garage parking, and separate storage room. The building shows pride of ownership with updated kitchens and bathrooms as well as low operating expenses. Seismic retrofit work was completed in 2016. The Richmond District is known for its cultural diversity, proximity to Golden Gate Park, the Presidio, Baker Beach, Ocean Beach and home to an array of cafes, restaurants, boutique shops and easy access to public transit. This desirable location is an ideal draw for quality tenants and commands high level market rents. The building is fully occupied and demonstrates a stable rental history offering an investor steady cash flow with over $220K in actual gross rents yet still provides upside in future rental increases as well as long term value appreciation making it an ideal addition to any investment portfolio.

Last Agent to Sell the Property

Monica Chung

Andersen, Jung & Co. License #01079185

Co-Listed By

Nancy Kong

Andersen, Jung & Co. License #01099123

Last Buyer's Agent

Ernesto Baglieri

Marcus & Millichap License #01996324

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 3,249 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape
  • Concrete Foundation
  • Bitumen Roof
  • Lap Siding
  • Stucco

Interior Spaces

  • 5,718 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Home Security

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

Parking

  • 8 Car Attached Garage
  • Side by Side Parking

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 8 Units
  • 8 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 1456-041

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Mid-Century
  • Property Condition: Varies By Unit
  • Levels: Three
  • Year Built: 1961
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 24
  • Flooring: Carpet, Tile, Varies By Unit, Vinyl, Wood
  • Price Per Square Foot: 437.22
  • Square Footage: 5718.00

Exterior Features

  • Construction Materials: Lap Siding, Stucco
  • Foundation: Concrete
  • Roof: Bitumen, Flat

Garage/Parking

  • Parking Features: Attached, Garage, Side-by-Side
  • Total Parking Spaces: 8.00

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Alarm, Fire Extinguisher, Fire Suppression System, Security Gate, Smoke Detector, Unguarded Gate
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 12138

Lot Info

  • Assessor Parcel Number: 1456-041
  • Lot Features: Corner
  • Lot Size Acres: 0.0746
  • Lot Size Sq Ft: 3249.00
  • Lot Size Units: SqFt
  • Price Per Acre: 33512064.34
  • Topography: Level

Building Info

  • Number of Units Total: 8

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 11.36
  • Number Of1 Bedrooms Occupied: 8
  • Number of 1 Bedroom Units: 8
  • Number Of Units Leased: 8
  • Separate Meters: Common Area Meter, Electricity, Gas

Map

Range of Values:

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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
12/06/2024 12/06/24 Sold $2,500,000 -3.8% $437 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $2,600,000 -- $455 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 424078104

San Francisco Association of REALTORS® MLS