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$1,980,000

Beds
7
sq ft
4,998

1857 Mason St, San Francisco, CA 94133

1857 Mason St

San Francisco, CA 94133

  • 39 days on market
1857 Mason Street, an 8-unit mixed-use property ideally situated on the corner of Filbert & Mason Streets in North Beach. Known for its cultural landmarks, cafes, and popular destinations blocks away like Washington Square Park and Coit Tower, North Beach attracts both locals and tourists alike, creating strong foot traffic and a dynamic urban environment. This building is well-positioned to benefit from nearby transit, as well as lively retail and dining scenes that draw stead crowds year-round, making it an appealing site for both residential and commercial tenants. The property consists of seven (7) 1 BD / 1 BA units and one (1) ground-floor commercial unit. The units feature hardwood floors, large closets, and ample natural light. The building is separately metered for gas & electricity. The building is also in compliance with the San Francisco Soft-Story Retrofit Ordinance. 1857 Mason Street presents strong rental income potential and consistent cash flow. The building's mixed-use component provides income diversification through both residential and commercial tenants. Additionally, the property has significantly below market-rate rents, leaving roughly 100% upside in the rents for the next property owner.

Details

Property type

Mixed Use

Est. home value

$2,194,266

Lot size

2,099.592 sq ft

Price per sq ft

$397

Year built

1908

HOA

No

Price History

11/13/2024
SFAR

SFAR #424079908

Listed
$1,980,000
-5.62%
03/02/2024
SFAR

SFAR #422624121

Removed
$2,098,000
01/27/2022
SFAR

SFAR #422624121

Listed
$2,098,000
-8.78%

Schools & Community

Neighborhood: 

Russian Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rathnew Corporation

Loan start date

March 2020

Original loan amount

$216,000

Est. remaining balance

Not provided

Interest rate

3.51%

Loan type

Building or Construction Loan

Seller

1857 Mason Street Llc

Lender

Poppy Bank

Loan start date

September 2018

Original loan amount

$1,612,000

Est. remaining balance

Not provided

Interest rate

3.93%

Loan type

Commercial

Seller

1857 Mason Street Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 3:10 AM

Listing updated: 11/13/2024 at 1:31 PM

Listed by: Dustin Dolby, Colliers International

MLS: SFAR #424079908

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