Sold
Closed
400 28th Avenue
San Francisco CA, 94121
$3,050,000
$361.55 per sqft
Sold
Closed
6 Beds
8,436 sqft
Multi-family
Built in 1925
**Price reduced, now 5.94% cap, 11.4 GRM, $379/ft. Excellent value for 12 units.** 400 28th Avenue consists of 12 units and 11 car parking located at the corner of 28th Avenue and Clement in the Central Richmond. The property was seismically retrofitted (2014), has updated fire alarms (2024), and had the underground storage tank removed. The former boiler has been replaced with two 100-gallon hot water heaters and electric heaters. The apartments consist of six (6) 1-bedroom units and six (6) studio units. Two studios and two parking spots will be delivered vacant. $279,000 of annual income. 400 28th Avenue offers investors a clean, easy-to-manage asset in a great neighborhood with cash flow and upside.
424022852
MLSⓇ ID
April 10, 2024
Listed
October 1, 2024
Updated
Map
400 28th Avenue
San Francisco CA, 94121
Interior Features
Total Stories
0
Bedrooms
6
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Wall Furnace
Exterior/Building Features
Lot Size
0.07 Acres
Lot Features
Corner Lot
Roof
Asphalt
Other Property Details
Area Name
SF District 1
Days on Market
109
Garage
Yes
Garage Spaces
11
Parking
Garage
Parking Total
11
View
No
County
San Francisco
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
8/16/2024 | Sold | $3,050,000 |
7/20/2024 | Pending | — |
7/1/2024 | Active | — |
6/14/2024 | Pending | — |
5/31/2024 | Price change | $3,195,000 -4% |
Bought with John M Antonini with Compass Commercial and Listed by John M Antonini (DRE #DRE #01842830) with Compass Commercial
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 10/1/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeffrey Marples shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 San Francisco Association of REALTORS. All rights reserved.
Data last updated 9:02 PM UTC, 10/1/2024
