400 28th Avenue

San Francisco, CA 94121

$3,050,000
Last Sold Price
Beds
8,436 Sq. Ft.
$362 / Sq. Ft.
8,436
Sq. Ft.
$362
per Sq. Ft.

Description

**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...**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.

Listing Agent

  1. John Antonini

    John Antonini

    Listing Agent

    Compass

    DRE #01842830

    john.antonini@compass.com

    P: (415)-794-9510

Property Details for 400 28th Avenue

Directions to Property
On the corner of 28th Ave & Clement
Parking Features
Garage
Cross Street
Clement
Total Parking Spaces
11
LISTING UPDATED: 08/16/2024 01:39 PM

Property Details for 400 28th Avenue

StatusClosed
MLS #424022852
Days on Compass109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1925
Lot Size0.07 AC / 3,249 SF
CountySan Francisco County

Building Information for 400 28th Avenue

Stories-Residences12Year Built1925Building Size-Lot Size0.07 AC / 3,249 SF

Property Information for 400 28th Avenue

Summary
Location and General Information
  • Area/District: SF District 1
  • Area Short Display: 1
  • Subdistrict: Central Richmond
  • Location Description: SF District 1, Central Richmond, SF District 1 Central Richmond
Taxes and HOA Information
  • APN: 1459-026
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 11
  • Carport Spaces: 0
  • Garage Spaces: 11
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 11.0
  • Parking: Garage
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Corner
Property and Assessments
  • Picture Count: 23
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: Varies By Unit
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Foundation: Concrete
  • Stories: 0
  • Levels: Four
  • Window Features: Bay Window(s)
  • Roof: Bitumen
Interior Features
  • Heating: Electric, Wall Furnace
  • Full Bathrooms: 0
  • # of Rooms: 30
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: $1,272 - $2450
  • # of 1 Bedroom Units: 6
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 6
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: 10.92
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 4
  • # of Studio Units: 6
  • # of Units: 12
  • # Of Units Total: 12
  • # Of Units Vacant: 2
  • # Of Units Leased: 10
  • 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 Rent Range: $1,129 - $1,950
  • Studio Annual Occupancy: .00%

Property History for 400 28th 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 400 28th Avenue

Taxable ValueLand$187,520Additions$260,321Total$447,841
Tax Record2024$6,760 ($563 / month)
Home Facts
Total Finished SqFt8,436 SqFtAbove Grade Finished SqFt8,436 SqFtStories3Lot Size3,249 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningRM1CountySAN FRANCISCOAPN1459 -026

Schools near 400 28th 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
Alamo 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass Commercial, John Antonini, DRE #01842830

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.