870 47th Avenue

San Francisco, CA 94121

$4,090,000
Last Sold Price
Beds
4,928 Sq. Ft.
$830 / Sq. Ft.
4,928
Sq. Ft.
$830
per Sq. Ft.

Description

Great investment opportunity. Rents are very close to market. Strong Cashflow from day 1. 870-874 47th Ave is an 8-unit property situated in the city of San Francisco. This ideal location is around the block from Safeway, Ocean Beach and Golden Gate Park. The property, which was built in 1957, has a total of eight 1 bedroom/1 bath apartments. Five out of these eight charming units have been remodeled in a contemporary style. Each unit includes its own water heater and a storage space. All have Ring.com...Great investment opportunity. Rents are very close to market. Strong Cashflow from day 1. 870-874 47th Ave is an 8-unit property situated in the city of San Francisco. This ideal location is around the block from Safeway, Ocean Beach and Golden Gate Park. The property, which was built in 1957, has a total of eight 1 bedroom/1 bath apartments. Five out of these eight charming units have been remodeled in a contemporary style. Each unit includes its own water heater and a storage space. All have Ring.com doorbell. www.87047thAve.com www.87047thave.com The property has been meticulously maintained over the years. The units are separately metered for gas and electricity, while heat is provided by gas wall furnaces. Tenants also enjoy the convenience of onsite laundry. The updated units have an electric stove, new kitchen cabinets, and sanded hardwood floors. The Dutch Windmills, which is within walking distance from the property, is a historic landmark from the 1900s.

Listing Agent

  1. Dima Khoury

    Dima Khoury

    Listing Agent

    Compass

    DRE #01969075

Property Details for 870 47th Avenue

MLS City Name
SAN FRANCISCO
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Compass, Dima Khoury, DRE #01969075

Sold By BETTER HOMES AND GARDENS REAL ESTATE RP, MAYLING TRINH, DRE #01407438

Add your commute
LISTING UPDATED: 04/29/2020 02:15 PM

Property Details for 870 47th Avenue

StatusSold
MLS #ML81781459
Days on Compass13
Taxes$34,144 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.14 AC / 5,993 SF
CountySan Francisco County

Location

Listing Courtesy of Compass, Dima Khoury, DRE #01969075

Sold By BETTER HOMES AND GARDENS REAL ESTATE RP, MAYLING TRINH, DRE #01407438

Add your commute

Virtual Tour

Building Information for 870 47th Avenue

Stories-Residences-Year Built1957Building Size-Lot Size0.14 AC / 5,993 SF

Payment Calculator

$25,166 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,321

Property Taxes

$2,845

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 870 47th Avenue

Features
External Links
Room Information
  • Additional Rooms: Storage
  • Kitchen: Cooktop - Electric, Countertop - Granite, Countertop - Other, Countertop - Tile, Freezer, Garbage Disposal, Oven - Electric, Refrigerator
  • Number of Full Bathrooms: 0
  • Number of Half Bathrooms: 0
Features
  • Amenities: None
  • Communications: None
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Laundry: Coin Operated
  • Living SqFt: 4928
  • Pool: No
  • Security Features: Fire Alarm, Fire System - Sprinkler, Security Lights, Other
  • Special Features: Kitchen Features, Other
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: 1 - Outer Richmond
  • Restrictions: Pets - Allowed
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 870
  • Street Name: 47th
  • Street Suffix: Avenue
  • Area ID: 25139
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 4928
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Ownership Type: Limited Partnership
  • Zoning Detail: RH2
Location Information
  • City Limits: Yes
  • Parcel Number: 1689-030
  • 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: Concrete Slab, Crawl Space
  • Lot Acres: .14
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $34,144
  • Capitalization Rate: 4.74
  • Tenant Expenses: Maintenance, Miscellaneous/Other, Services - Gardener/Landscaping, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Income Includes: Laundry
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,622
  • Expense Landscape: $720
  • Expense Maintenance: $4,588
  • Expense Management: $0
  • Expense Trash: $4,992
  • Expenses Other: $3,791
  • Expenses Utility: $3,946
  • Expenses Total: $55,803
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water, Other
  • Gross Rent Multiplier: 16.00
  • Income Annual Gross: $246,501
  • Income Annual Rental: $251,157
  • Income Gross Scheduled: $251,532
  • Income Other: $375
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,380
Unit Type 1
  • Unit Type1 Approx SqFt: 600

Property History for 870 47th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 870 47th Avenue

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

Presidio Middle School
Public6 to 8

S.F. International High School
Public8 to 12

Edwin and Anita Lee Newcomer School
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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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 Compass, Dima Khoury, DRE #01969075

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.