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$2,995,000

Beds
9
sq ft
10,568

423 S Van Ness Ave, San Francisco, CA 94103

423 S Van Ness Ave

San Francisco, CA 94103

  • 248 days on market
    • Price drop $255,000↓
An exceptional investment opportunity awaits with this remarkable grand-scale Victorian mixed-use property. Situated in the heart of San Francisco's vibrant Mission District, this unique and impressive property offers a fusion of history and charm with strong income. Currently at full occupancy with a blend of commercial and residential tenants, this sprawling property spans over 10,000 square feet, comprised of a semi-detached structure on a generously sized lot. Diverse and robust income streams are a hallmark of this investment, boasting a varied portfolio of tenants. The residential units showcase exquisite architectural details, high ceilings, and spacious kitchens that flow onto decks overlooking the lush, tropical garden. The commercial units share the same grand scale, featuring high ceilings and abundant space, perfectly suited for a range of uses such as retail, office space, or creative work environments. Beyond the property's walls, the Mission District offers a captivating array of attractions. Enjoy a thriving restaurant and bar scene, discover unique small businesses, and relish in the vibrant ambiance of Dolores Park. Easy access to the Muni Metro and BART, making commuting a breeze.

Details

Property type

Mixed Use

Est. home value

$3,369,257

Property condition

Updated/Remodeled

Lot size

7,501.032 sq ft

Price per sq ft

$284

Year built

1885

Price History

06/10/2024
SFAR

SFAR #424009168

Price change
$2,995,000
-7.85%
03/25/2024
SFAR

SFAR #424009168

Price change
$3,250,000
-9.6%
02/15/2024
SFAR

SFAR #424009168

Listed
$3,595,000

Schools & Community

Neighborhood: 

Mission

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$2,586,939
Asking price
$2,995,000
Closing costs (~8% of asking)
-$239,600
Est. remaining loan balance
-$168,461
Cash to seller
$2,586,939

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Washington Mutual Bank Fa

Loan start date

November 1998

Original loan amount

$612,500

Est. remaining balance

$168,461

Interest rate

6.66%

Loan type

Not Provided, 30 year

Seller

Brantley Patrick Tidmore and Carrol Dean Benter

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: 10/20/2024 at 1:15 PM

Listing updated: 09/19/2024 at 12:10 PM

Listed by: Matthew Greenwell, BarbCo

MLS: SFAR #424009168

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