Sold for $3,050,000

$3,050,000

400 28th Ave, San Francisco, CA 94121

6beds

0baths

8,436sqft

Multi Family

Built in 1925

-- sqft lot

$2,951,200 Zestimate^®

$362/sqft

$4,246 Estimated rent

Home value

$2,951,200

$2.54M - $3.45M

$4,246/mo

Zestimate^® history

Owner options

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$4,246/mo

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$4,246/mo

Rent Zestimate^®

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$19,539/mo

Est. payment

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$19,539/mo

Est. payment

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What's special

**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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 0

Heating

Electric, Wall Furnace

Features

Windows: Bay Window(s)

Interior area

Total structure area: 8,436
Total interior livable area: 8,436 sqft

Property

Parking

Total spaces: 11
Parking features: Garage
Garage spaces: 11

Features

Levels: Four

Lot

Size: 3,249 Square Feet
Features: Corner Lot

Details

Parcel number: 1459026
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Concrete
Roof: Asphalt

Condition

Year built: 1925

Utilities & green energy

Electric: Separate Meter
Gas: Separate Meter

Community & HOA

HOA

Has HOA: No

Location

Region: San Francisco
Elevation: 0

Financial & listing details

Price per square foot: $362/sqft
Price range: $3.1M - $3.1M
Date on market: 4/22/2024
Cumulative days on market: 109 days
Total actual rent: 0

Price history

Date	Event	Price
8/16/2024	Sold	$3,050,000-4.5%$362/sqft
Source: SFAR #424022852 Report a problem
7/20/2024	Pending sale	$3,195,000$379/sqft
Source: SFAR #424022852 Report a problem
7/1/2024	Listed for sale	$3,195,000$379/sqft
Source: SFAR #424022852 Report a problem
6/14/2024	Pending sale	$3,195,000$379/sqft
Source: SFAR #424022852 Report a problem
5/31/2024	Price change	$3,195,000-3.2%$379/sqft
Source: SFAR #424022852 Report a problem
4/22/2024	Listed for sale	$3,300,000$391/sqft
Source: SFAR #424022852 Report a problem