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Listing Summary
Virtual Media
Listing
#422620730
$2,675,000 (LP)
$2,650,000 (SP)
SP % LP
:
99.07
623-625 17th Ave, San Francisco, CA 94121*
Closed
(04/13/22)
SqFt:
4293
Lot Size SqFt:
3000*
Area/District
:
1
A
Yr
:
1986
*
Total Parking Spaces:
2
Virtual Media
Remarks
Situated on 17th Avenue at Balboa Street in the desirable Richmond District, this remodeled two-unit multi-family property offers an excellent opportunity for an Owner/User occupant with potential for additional income. Built in 1986, 623-625 17th Avenue consists of two vacant 3-bed/2-bath units and one occupied unwarranted 1-bed/1-bath unit. The upper and middle units feature an open floor plan in the front of the building with large east-facing bay windows that allow sunlight to fill the space. These two units are vacant, have been recently remodeled, have operable wood-burning fireplaces, and are separately metered w/new water heaters. The unwarranted 1-bedroom/1-bathroom garden unit faces west and is well-maintained with original charm. Less than two blocks from Golden Gate Park, 623-625 17th Avenue offers investors the opportunity to purchase an easy-to-manage, well-maintained, cash-flowing property while also enjoying the benefits and amenities of the Richmond District.
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Remarks
Agent and Office Information
Agent
Davis Nguyen
Primary:415-412-5703 Secondary:415-412-5703 Lic: 01509978
Office
Compass
Phone: 415-345-3000 Office Lic.: 01527235
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2.5
Unit Information
# Of Buildings
0
# Of Units Leased
1
# Of Units Month to Month
0
# Of Units Total
2
# Of Units Vacant
2
# of 1 Bedroom Units
0
# of 2 Bedroom Units
0
# of 3 Bedroom Units
2
# of 4 Bedroom Units
0
# of Studio Units
0
# Commercial Units
0
Units Furnished
None
Unit 1 Bedrooms
3
Unit 1 Full Baths
2
Unit 1 Partial Baths
0
Unit 1 Rent
$
4500
Unit 1 Description
Owner's unit, upper unit, 3bd/2ba
Unit 1 Approx SqFt
1564
Unit 1 # of Rooms
0
Unit 1 Occupancy
Vacant
Unit 1 SqFt Source
Measured
Unit 1 Type
Apartment
Unit 2 Bedrooms
3
Unit 2 Full Baths
2
Unit 2 Partial Baths
0
Unit 2 Rent
$
4500
Unit 2 Description
Middle floor, 3bd/2ba
Unit 2 Approx SqFt
1564
Unit 2 # of Rooms
0
Unit 2 Occupancy
Vacant
Elevation Units
Feet
Unit 2 SqFt Source
Measured
Unit 2 Type
Apartment
Unit 3 Bedrooms
1
Unit 3 Full Baths
1
Unit 3 Rent
$
1875
Unit 3 Description
Occupied, unwarranted 1bd/1ba unit on ground floor
Unit 3 Approx SqFt
667
Unit 3 # of Rooms
1
Unit 3 Occupancy
Tenant
Unit 3 SqFt Source
Measured
Unit 3 Partial Baths
0
Unit 3 Type
Apartment
Unit 4 Bedrooms
0
Unit 4 Full Baths
0
Unit 4 Partial Baths
0
Unit 4 Rent
$
0
Unit 4 Approx SqFt
0
Unit 4 # of Rooms
0
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
1
# of 2 Bedrooms Occupied
0
# of 3 Bedrooms Occupied
0
# of 4 Bedrooms Occupied
0
# Studios Occupied
0
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
130800
Gross Rent Multiplier
20.26
Net Operating Income
$
92264
Monthly Income
$
0
Operating Expense
$
38536
Total Deposit
$
0
Total # Leasable
0
Utilities Expense
$
200
Tax Annual Amount
$
31336
Financial Data Source
Broker, Owner
Monthly Expenses
$
0
Separate Meters
Gas, Varies by Unit, Water
Actual or Scheduled
Scheduled
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Possession
Negotiable
Property Information
Subtype Description
Apartments, Flats
Approx SqFt
4,293
SqFt Source
Graphic Artist
Price / SqFt
617.28
Lot Sq Ft
(
approx
)
3,000*
Lot Acres
(
approx
)
0.0689
Lot Size Source
(Assessor Auto-Fill)
# of Rooms
13
Year Built
1986*
Year Built Source
Assessor Auto-Fill
Stories
3
Levels
Three
Special Listing Conditions
None
Property Condition
Updated/Remodeled, Varies by Unit
Property Location
County
San Francisco
Cross Street
Balboa Street
Area/District
SF District 1
Subdistrict
Central Richmond
Zoning
RH2
Interior Information
Interior Features
Skylight(s)
Flooring
Carpet, Tile, Wood
Laundry Features
In Common Area
Basement
None
Construction Information
Window Features
Bay Window(s)
Parking Information
Garage Spaces
2
Total Parking Spaces
2
# Underground
0
# of Guest Space(s)
0
Tandem Parking Spaces
0
Independent Parking Spaces
0
Parking Features
Attached, Garage
Lot and Outdoor Information
Lot Features
Garden
View Description
City
Association Information
Association
No
School Information
Green Information
Other Listing Information
Listing Service
Full Service