NOT LISTED FOR SALE

935 Geary St San Francisco, CA 94109

Downtown Neighborhood

Estimated Value: $9,161,241

1 Bed
116 Baths
44,440 Sq Ft
$206/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $9,050,000 $204 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $55,192/month

132 Days on Market

About This Home

As of September 2024

935 Geary Street is a well-maintained 10 story concrete and steel building. Located on Geary Street between Larkin and Polk this building contains 112 efficiency studios each with their own private bathroom, 4 studio apartments, a one-bedroom townhouse-style apartment, and one currently vacant commercial storefront space. There is also a laundry room, 2 leasable office spaces, and a 4 car garage. Plans have also been submitted to the City to install a cell tower on the roof. Currently the building is 60% occupied with 40% of the units vacant which provides significant upside potential for an investor. Some of the vacant units will require renovations prior to renting. This building is perfectly located close to transportation, the new CPMC Hospital on Van Ness, Union Square and downtown.

Last Listed By

Charles Post

Post Real Estate Advisors License #01421132 Listed on: 04/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $48,719

Year Built

  • Built in 1927

Lot Details

  • 4,800 Sq Ft Lot

Home Design

  • 44,440 Sq Ft Home

Parking

  • 6 Car Attached Garage
  • Garage Door Opener

Listing and Financial Details

  • Assessor Parcel Number 0716-011

Community Details

Overview

  • 117 Units

Building Details

  • 69 Leased Units
  • 48 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,719

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1927
  • Number Commercial Units: 1
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 117
  • Price Per Square Foot: 203.65
  • Square Footage: 44440.00

Garage/Parking

  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 4.00

Fee Information

  • Utilities Expenses: 178286

Lot Info

  • Assessor Parcel Number: 0716-011
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800.00
  • Lot Size Units: SqFt
  • Price Per Acre: 82123411.98

Building Info

  • Number of Units Total: 117

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 48
  • Gross Rent Multiplier: 5.42
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 1
  • Number of Studio Units: 116
  • Number Of Units Leased: 69
  • Number Studios Occupied: 69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Sep 20, 2024
Sold by
Oakland Affordable Housing Group Ii Lp
Bought by
Oakland Affordable Housing Group Ii Lp
Seller's Agent
Charles Post
Post Real Estate Advisors
Buyer's Agent
Charles Post
Post Real Estate Advisors
List Price
$10,250,000
Sold Price
$9,050,000
Premium/Discount to List
-$1,200,000
-11.71%
Total Days on Market
132
Views
22
Current Estimated Value
$9,161,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,241
Avg. Annual Appreciation
0.72%
Original Mortgage
$1,250,000
Outstanding Balance
$1,247,833
Interest Rate
6.73%
Estimated Equity
$7,841,124

Purchase Details

Listed on
Apr 3, 2024
Closed on
Sep 5, 2024
Sold by
Geary-Ninth De Llc
Bought by
Oakland Affordable Housing Group Ii Lp
Seller's Agent
Charles Post
Post Real Estate Advisors
Buyer's Agent
Charles Post
Post Real Estate Advisors
List Price
$10,250,000
Sold Price
$9,050,000
Premium/Discount to List
-$1,200,000
-11.71%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,247,833
Interest Rate
6.73%
Estimated Equity
$7,841,124

Purchase Details

Closed on
Feb 21, 2023
Sold by
Lem-Ray Properties I De Llc
Bought by
Geary-Ninth De Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2005
Sold by
Lem/Ray Properties Llc
Bought by
Lem Ray Properties I De Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,606,000
Interest Rate
5.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2003
Sold by
Web Service Co Inc
Bought by
Lem/Ray Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2001
Sold by
Market Hermann Associates
Bought by
Lem/Ray Properties Llc

Purchase Details

Closed on
Aug 1, 1999
Sold by
Raynal Elizabeth
Bought by
Raynal David and Raynal David M

Purchase Details

Closed on
Sep 28, 1998
Sold by
Hermann Sutter Associates
Bought by
Market Hermann Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
6.88%
Mortgage Type
Commercial

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
Oakland Affordable Housing Group Ii Lp -- Stewart Title Guaranty Company
Oakland Affordable Housing Group Ii Lp -- Stewart Title Guaranty Company
Geary-Ninth De Llc -- Old Republic Title
Lem Ray Properties I De Llc -- Old Republic Title Company
Lem/Ray Properties Llc -- Old Republic Title Company
Lem/Ray Properties Llc -- --
Raynal David -- Old Republic Title Company
Market Hermann Associates -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oakland Affordable Housing Group Ii Lp $1,250,000
Open Oakland Affordable Housing Group Ii Lp $5,800,000
Previous Owner Geary-Ninth De Llc $45,000
Previous Owner Geary-Ninth De Llc $13,500,000
Previous Owner Larkin De Llc $23,000,000
Previous Owner Lem Ray Properties I De Llc $5,565,426
Previous Owner Pacific Prestige Properties 1 De Llc $880,000
Previous Owner Pacif Prestige Properties I De Llc $788,000
Previous Owner Lem Ray Properties I De Llc $10,606,000
Previous Owner Lem/Ray Properties Llc $1,050,000
Previous Owner Lem/Ray Properties Llc $5,100,000
Previous Owner Lem/Ray Properties Llc $200,000
Previous Owner Market Hermann Associates $375,362
Previous Owner Market Hermann Associates $2,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $9,050,000 -11.7% $204 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $10,250,000 -- $231 / 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 $48,719 $3,452,490 $828,753 $2,279,122
2023 $47,829 $3,405,471 $812,503 $2,234,434
2022 $46,868 $3,343,927 $796,572 $2,190,622
2021 $51,326 $3,729,740 $780,953 $2,948,787
2020 $49,637 $3,303,287 $772,946 $2,530,341
2019 $48,184 $3,247,631 $757,791 $2,489,840
2018 $46,336 $3,177,476 $742,933 $2,434,543
2017 $47,476 $3,289,263 $728,366 $2,560,897
2016 $40,002 $2,677,857 $714,085 $1,963,772
2015 $39,311 $2,637,634 $703,359 $1,934,275
2014 $38,420 $2,585,968 $689,582 $1,896,386
Source: Public Records

Agents Affiliated with this Home

  • Charles Post

    Seller's Agent in 2024

    Charles Post

    Post Real Estate Advisors

    (415) 710-6860

    1 in this area

    5 Total Sales

    Charles Post
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424020825

San Francisco Association of REALTORS® MLS

APN: 0716-011

California San Francisco County San Francisco 94109 Downtown

935 Geary St, San Francisco, CA

Homes for Sale in San Francisco, CA

This home is located at 935 Geary St, San Francisco, CA 94109 since 03 April 2024 and is currently estimated at $9,161,241, approximately $206 per square foot. This property was built in 1927. 935 Geary St is a home located in San Francisco County with nearby schools including Tenderloin Community Elementary School, Francisco Middle School, and San Francisco City Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.