3983 17Th StSan Francisco, CA 94114

  • Retail residential properties
  • 5,776 SF
For Sale
$2,150,000 View listing

Property Details for 3983 17Th St

Year built
1925
Construction
WOOD
Lot size
0.06 AC
Property size (Sq ft)
5,776 SF
Zone code
CASTRO
Property type
Retail residential properties
APN
3582 -074
APU
3582074

Description

This exceptional 7-unit mixed-use property, located at 3983 17th Street in San Francisco's desirable Dolores Heights neighborhood (zip code 94114), presents a compelling investment opportunity. The property boasts a total net rentable area of 5,776 square feet and is zoned NCD. The building comprises six studio apartments and one commercial unit, offering diversified income streams. Residential units feature hardwood floors, abundant natural light from multiple windows, and sizable kitchens. The commercial space includes hardwood flooring, ceiling track lighting, and ample space. This well-maintained building benefits from its prime location, surrounded by tree-lined streets and the vibrant atmosphere of Dolores Heights, providing easy access to cultural attractions and recreational opportunities. The property's strong financial performance is highlighted by a projected 25% upside and a Gross Rent Multiplier (GRM) of 10.52, making it an attractive investment with significant potential for future growth. The Assessor's Parcel Number (APN) is 3582-074. The asking price for this lucrative investment is $2,150,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,920,188
    6.5%
    $1,772,481
    7%
    $1,645,875
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,704,138
    Geo Method
    $2,497,026
  • Alternative Use

    Use
    Valuation
    Residential
    $1,772,481
    Hospitality
    $1,623,583
    Educational
    $1,350,802
    Medical
    $1,397,258
    Retail
    $2,101,248

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7623
Longitude
-122.435
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$57,667
$2,454,139
$1,717,897
$4,172,036
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].