505-509 23rd Avenue

San Francisco, CA 94121

$1,850,000
Price
Beds
3,867 Sq. Ft.
$478 / Sq. Ft.
3,867
Sq. Ft.
$478
per Sq. Ft.

Description

Uncover a rare investment gem in Central Richmond! This triplex, ideally situated at the corner of Geary Blvd and 23rd Ave, presents a prime opportunity for capital improvements and lucrative returns. Featuring three levels, the first unit (509) with 2 bdrm/1 bath rents for $2,600/month. The second level houses two units (507 and 505), with 505 currently leased and 507 available. Embrace the potential for renovations, capitalize on rental income, and seize the live-work possibilities in this coveted...Uncover a rare investment gem in Central Richmond! This triplex, ideally situated at the corner of Geary Blvd and 23rd Ave, presents a prime opportunity for capital improvements and lucrative returns. Featuring three levels, the first unit (509) with 2 bdrm/1 bath rents for $2,600/month. The second level houses two units (507 and 505), with 505 currently leased and 507 available. Embrace the potential for renovations, capitalize on rental income, and seize the live-work possibilities in this coveted location. Explore the possibilities, inquire now! Buyers are encouraged to conduct thorough investigations to ensure their satisfaction. Central Richmond (and its Inner and Outer counterparts) encompasses a large, flat span of San Francisco. The neighborhood is wonderfully diverse with many second and third generation families. Housing options are as varied and established; single-family homes, condos and multi-unit properties span the architectural spectrum from Victorian to mid-century.
  1. Listed by Andy Vong • DRE #01317493 • Brokerage DRE #01319678 • New Land Corp • 408-960-9225

Property Details for 505-509 23rd Avenue

MLS City Name
SAN FRANCISCO
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
0
Cross Street
Anza st

Location

Listing Courtesy of New Land Corp, Andy Vong, DRE #01317493
Add your commute
LISTING UPDATED: 04/23/2024 06:09 PM

Property Details for 505-509 23rd Avenue

StatusActive
MLS #ML81952156
Days on Compass97
Taxes$4,249 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1913
Lot Size0.06 AC / 2,770 SF
CountySan Francisco County

Location

Listing Courtesy of New Land Corp, Andy Vong, DRE #01317493
Add your commute

Building Information for 505-509 23rd Avenue

Stories3Residences3Year Built1913Building Size-Lot Size0.06 AC / 2,770 SF

Payment Calculator

$10,450 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$354

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505-509 23rd Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3867
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric, Gas
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: 1 - Central Richmond
  • Roof: Other
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 505-509
  • Street Name: 23rd ave
  • Area ID: 25135
Lot / Property Details
Building Information
  • Number Of Stories: 3
  • Number of Buildings: 1
  • Structure SqFt: 3867
  • Structure SqFt Source: Other
  • Age: 111
Development Information
  • Ownership Type: Trust
  • Zoning Detail: RH2
Location Information
  • City Limits: Yes
  • Directions: Central Richmond (and its Inner and Outer counterparts) encompasses a large, flat span of San Francisco. The neighborhood is wonderfully diverse with many second and third generation families.
  • Incorporated: No
  • Parcel Number: 1566 - 002
  • County Name: San Francisco
  • City Name: SAN FRANCISCO
  • City Postal ID: 228
  • Postal Code: 94121
  • Elementary School District: 1863
  • High School District Text: San Francisco Unified
Lot Information
  • Foundation: Other
  • Horse Property: No
  • Lot Acres: .06
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $4,249
  • Building Unit Total: 3
  • Capitalization Rate: 2.04
  • Tenant Expenses: Other
  • Income Includes: Lease
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,919
  • Expense Landscape: $0
  • Expense Maintenance: $1,564
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $3,630
  • Expenses Total: $12,362
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 36.99
  • Income Annual Gross: $50,016
  • Income Annual Rental: $50,016
  • Income Gross Scheduled: $50,016
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $1,560
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,600

Property History for 505-509 23rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 505-509 23rd Avenue

Taxable ValueLand$56,553Additions$96,532Total$153,085
Tax Record2023$2,964 ($247 / month)
Home Facts
Total Finished SqFt3,867 SqFtAbove Grade Finished SqFt3,867 SqFtStories3Lot Size2,770 SqFtStyleTriplexYear Built1913ZoningRH2CountySAN FRANCISCOAPN1566 -002

Schools near 505-509 23rd Avenue

This home is within San Francisco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Argonne Elementary School
PublicK to 5

Presidio Middle School
Public6 to 8

Washington (George) High School
Public9 to 12

Lawton Alternative Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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505-509 23rd Avenue is a multi-family home for sale in San Francisco, CA 94121. This property was listed for sale on January 22, 2024 by New Land Corp, it's currently listed at $1,850,000. This listing's school district is San Francisco Unified School District. Nearby schools include Argonne Elementary School, Presidio Middle School and Washington (George) High School. 505-509 23rd Avenue is a 0-bed, 0-bath, 3,867 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Land Corp, Andy Vong, DRE #01317493

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.