985 Pine Street

San Francisco, CA 94108

$3,255,000
Last Sold Price
Beds
7,232 Sq. Ft.
$450 / Sq. Ft.
7,232
Sq. Ft.
$450
per Sq. Ft.

Description

Aesthetic beauty, location, property condition, effective management, amenities and, of course, overall value, are the critical factors that drive most every Apartment Building investment decision. And the beautifully renovated and well managed 19-unit (consisting of two 1 Bedroom units, 13 Studios, and four Guest Room/Efficiency Units) Edwardian era Building at 985 Pine Street shines in every one of those categories. It delights tenants with its charming architectural detail, its clean and functional...Aesthetic beauty, location, property condition, effective management, amenities and, of course, overall value, are the critical factors that drive most every Apartment Building investment decision. And the beautifully renovated and well managed 19-unit (consisting of two 1 Bedroom units, 13 Studios, and four Guest Room/Efficiency Units) Edwardian era Building at 985 Pine Street shines in every one of those categories. It delights tenants with its charming architectural detail, its clean and functional interior, and its direct access to work and play. The building is just two blocks from many of San Francisco's finest hotels and best-known Nob Hill landmarks, and just five blocks from Union Square, and the Financial District. And with a GRM of under 12, and a $/Sq. Ft. value under $500, it represents one of the best investment values in San Francisco. $356,743 Gross Income (per seller). CAP Rate: 7.0%. 9.4 GRM. $463/Sq. Ft.

Listing Agents

  1. Steve Mavromihalis

    Steve Mavromihalis

    Listing Agent

    Compass

    DRE #00888824

  2. John Fitzgerald

    John Fitzgerald

    Alternative Listing Agent

    Compass

    DRE #01373914

Property Details for 985 Pine Street

Cross Street
Mason & Taylor
Total Parking Spaces
0

Location

Listing Courtesy of Compass, Steve Mavromihalis, DRE #00888824; Compass, John Fitzgerald, DRE #01373914

Sold By Urban Rock Properties, I, Brenton Manning Wickam, DRE #666666

Add your commute
LISTING UPDATED: 05/20/2024 10:28 AM

Property Details for 985 Pine Street

StatusClosed
MLS #423900277
Days on Compass215
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1911
Lot Size0.06 AC / 2,448 SF
CountySan Francisco County

Location

Listing Courtesy of Compass, Steve Mavromihalis, DRE #00888824; Compass, John Fitzgerald, DRE #01373914

Sold By Urban Rock Properties, I, Brenton Manning Wickam, DRE #666666

Add your commute

Virtual Tour

Building Information for 985 Pine Street

Stories-Residences19Year Built1911Building Size-Lot Size0.06 AC / 2,448 SF

Payment Calculator

$20,983 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,764

Property Taxes

$3,219

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 985 Pine Street

Summary
Location and General Information
  • Area/District: SF District 8
  • Area Short Display: 8
  • Subdistrict: Downtown
  • Zip Plus 4: 2971
  • Location Description: SF District 8, Downtown, SF District 8 Downtown
Taxes and HOA Information
  • APN: 0274-017
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 0.0
Virtual Tour
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Sidewalk, None
Property and Assessments
  • Picture Count: 32
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 0
Interior Features
  • Laundry Features: Coin Operated, In Common Area
  • Full Bathrooms: 0
  • # of Rooms: 38
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 1
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 9.12
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 35439.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 12
  • # of Studio Units: 13
  • # of Units: 19
  • # Of Units Total: 19
  • # Of Units Vacant: 2
  • # Of Units Leased: 17
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 985 Pine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 985 Pine Street

Taxable ValueLand$1,670,514Additions$1,496,945Total$3,167,459
Tax Record2023$38,630 ($3,219 / month)
Home Facts
Total Finished SqFt7,232 SqFtAbove Grade Finished SqFt7,232 SqFtStories4Lot Size2,450 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningRM4CountySAN FRANCISCOAPN0274 -017

Schools near 985 Pine Street

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
Charter - 5 to 8
Rating
School
Distance
Redding Elementary School
PublicK to 5

Marina Middle School
Public6 to 8

Balboa High School
Public9 to 12

KIPP Bayview Academy
Charter5 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.

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, Steve Mavromihalis, DRE #00888824; Compass, John Fitzgerald, DRE #01373914

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.