Cole Valley Properties - 2-4 Unit Properties

The price and value of 2-4 Unit buildings has decreased more modestly due primarily to TIC speculation/ development. There is an steady high demand for 2 unit buildings as they provide a fast track to condominium conversionon. However, the value of TIC’s in 3-4 Unit buildings has taken a big hit-the low, low interest rates available to condo buyers as alternative is extremely attractive . Owners contemplating a sale are leaving units empty to facilitate higher sales prices. 

2-4 UNIT SALES DATA


4th Quarter (2011) - 9 Units
Address Sale Date Sale Price Asking Price % Of
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
33-35 Downey St
12/28/11
$970,000
$899,000
  3
  26
3,045
$318.56
 
258-260 Parnassus Ave
09/23/11
$925,000
$999,000
  2
  177
2,000
$462.50
 
806-808 Cole St
12/06/11
$1,250,000
$1,150,000
  2
  70
2,970
$420.88
 
1234-1238 Cole St
10/24/11
$1,275,000
$1,295,000
  3
  6
4,440
$287.16
 
1115-1117 Cole St
11/23/11
$1,585,000
$1,795,000
  2
  98
2,441
$649.32
 
144-146 Buena Vista Ter 11/18/11  $975,000  $899,000   2   47 2,554  $381.75  
200-202 Downey St 11/08/11  $1,260,000  $1,249,000   2   39 3,000  $420.00  
31-33 Buena Vista Ter 12/16/11  $1,310,000  $1,295,000   2   43 2,570  $509.73  
350 Upper Terrace 10/25/11  $1,410,000  $1,448,000   2   47 2,450  $575.51  


3rd Quarter (2011) - 7 Units
Address Sale Date Sale Price Asking Price % Of
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
258-260 Parnassus Ave
9/23/2011
$925,000
$999,000
93%
2
  177
2,000
$462.50
 
163-165 Parnassus Ave
8/12/2011
$1,525,000
$1,250,000
122%
2
  7
2,760
$552.54
 
40 Carl St
8/9/2011
$1,275,000
$1,368,000
93%
4
  32
3350
$380.60
 
1805-1809 Page St
7/29/2011
$1,950,000
$2,100,000
93%
3
  96
5,550
$351.35
 
1810-1812 Page St
7/28/2011
$1,345,500
$1,495,000
90%
4
  81
4,164
$323.13
 
 972-974 Clayton St  7/15/2011  $1,512,000  $1,399,000  108%  2    12  2,950  $512.54  
 1949 Oak St  7/7/2011  $725,000  $849,000  85%  2    92  2,326  $311.69  


2nd Quarter (2011) - 5 Units
Address Sale Date Sale Price Asking Price % Of
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.

168-170 Roosevelt Way

4/13/11

$1,100,000

$1,299,000

85%

2

3

233

2,353

$467.49

$443.51

159 Carl St

4/29/11

$1,000,000

$978,500

102%

3

4

16

2,516

$397.46

 

37-39 Downey

6/7/11 $1,220,000
$1,199,000 102% 3
0
17
3,828
$318.70
 

332-334 Frederick St

6/10/11
$1,333,333
$1,295,000
103%
3
2
69
3,110
$428.62
 

545-547 Buena Vista Ave

6/10/11
$1,440,000
$1,399,000
103%
2
2
96
3,090 $466.02
 


1st Quarter (2011) - 2 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

764-766 Clayton St

1/5/11

$2,000,000

$2,238,000

89%

2

 

103

4,068

$491.64

$488.47

205 Carl St.

2/28/11

$825,000

$849,000

97%

2

 

102

1,700

$485.29

 


4th Quarter (2010) - 6 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

1504-1506 Shrader St.

10/29/10

$1,282,000

$1,200,000

107%

2

 

37

3,245

$395

$394

1526-1528 Waller St.

10/31/10

$1,148,500

$1,175,000

98%

2

 

160

3,030

$379

 

714-714A Cole Street

11/01/10

$1,398,450

$1,590,000

88%

4

 

37

4,125

$339

 

780-782 Ashbury St.

12/17/10

$1,450,000

$1,480,000

98%

2

 

48

4,625

$314

 

714-714A Cole St.

11/01/10

$1,010,000

$899,000

112%

2

 

32

2,898

$349

 

1504-1506 Shrader St.

07/22/10

$1,435,000

$1,500,000

96%

2

 

22

4,640

$309

 


3rd Quarter (2010) - 6 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

952-954 Haight St.

09/14/10

$1,175,000

$1,100,000

107%

4

 

109

5,670

$207

$332

670-672 Stanyan St.

09/01/10

$1,125,000

$1,200,000

94%

4

 

18

2,500

$450

 

714-714A Cole Street

11/01/10

$1,010,000

$899,000

112%

2

 

32

2,898

$349

 

25 Baker Street

11/23/10

$1,398,450

$1,590,000

88%

4

 

37

4,125

$339

 

1420 Page Street

11/30/10

$1,093,000

$1,098,000

100%

2

 

56

1,860

$588

 

780-782 Ashbury St.

12/17/10

$1,450,000

$1,480,000

98%

2

 

48

4,625

$314

 


2nd Quarter (2010) - 6 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

15-15A Woodland Ave.

06/09/10

$1,063,000

$999,000

106%

2

 

75

2,264

$470

$411

119-123 Central Ave.

06/04/10

$1,350,000

$1,275,000

106%

3

 

78

4,410

$289

 

142-144 Delmar

05/26/10

$1,900,000

$1,949,000

97%

2

 

18

2,950

$644

 

1243-1245 Clayton St.

05/14/10

$1,275,000

$595,000

214%

2

 

37

3,450

$370

 

536-538 Shrader St.

05/12/10

$950,000

$995,000

95%

2

 

221

3,500

$271

 

507-507A Cole St.

05/07/10

$942,000

$995,000

95%

2

 

48

2,240

$421

 
  
1st Quarter (2010) - 3 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
fSq.Ft.

101-103 Downey St.

03/05/10

$1,080,999

$1,050,000

103%

2

 

41

2,754

$393

$542

269 Carl St.

03/05/10

$1,100,000

$995,000

111%

2

 

82

2,000

$550

 

43-43.5 Downey St.

02/09/10

$1,085,000

$1,200,000

90%

2

 

116

1,588

$683

 


  
4th Quarter (2009) - 6 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

529-531 Clayton St.

12/18/09

$1,420,000

$1,600,000

89%

2

 

118

4,120

$345

$375

1122 Page St.

12/14/09

$950,000

$1,375,000

70%

3

 

138

3,760

$253

 

718-720 Shrader St.

11/13/09

$1,651,000

$1,720,000

96%

2

 

107

3,850

$429

 

1006-110 Masonic

11/13/09

$1,300,000

$1,295,000

100%

3

 

39

5,040

$258

 

151 Broderick St.

10/09/09

$1,550,000

$1,695,000

92%

2

 

118

2,500

$620

 

939-941 Stanyan St.

10/02/09

$1,080,000

$995,000

109%

2

 

182

3,162

$342

 

 
  
3rd Quarter (2009) - 2 Units
Address
Sale Date
Sale Price
Asking Price
% Of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

1148-1150 Masonic

08/19/09

$1,020,000

$985,000

104%

2

 

33

3,300

$331

$342

38-38A Lyon St.

07/01/09

$1,511,250

$1,650,000

92%

 2

 

43

4,280

$353 

 

 
    
2nd Quarter (2009) - 2 units
Address
Sale Date
Sale Price
Asking Price
% of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

1138-1140 Page St

04/03/09

$725,000

$775,000

94%

2

 

94

2,334

$310

$444

167-169 Downey St

06/03/09

$1,530,000

$1,549,000

99%

2

 

36

2,650

$577

 


  
1st Quarter (2009) - 5 Units
Address
Sale Date
Sale Price
Asking Price
% of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

1409 Masonic Ave

01/30/09

$1,450,000

$1,399,900

104%

4

 

15

3,600

$403

 $453

27-29 Lyon St

03/25/09

$1,775,000

$1,838,000

97%

2

 

60

3,740

$475

 

249-49 Grattan St

03/06/09

$732,500

$699,000

105%

2

 

34

-

-

 

1510-1512 Shrader

03/17/09

$1,095,000

$1,095,000

100%

2

 

39

2,100

-

 

1653-55 Pace

03/05/09

$1,800,000

$1,850,000

98%

2

 

82

3,730

$482

 


  
4th Quarter (2008) - 3 Units
Address
Sale Date
Sale Price
Asking Price
% of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

6266-628 Cole St

12/03/08

$900,000

$795,000

113%

3

 

9

-

0

 $371

824-826 Stanyan St

12/04/08

$1,475,000

$1,469,000

100%

2

 

48

3,800

$388

 

1290 Clayton St

11/06/08

$1,450,150

$1,575,000

92%

4

 

62

4,105

$353

 


  
3rd Quarter (2008) - 2 Units
Address
Sale Date
Sale Price
Asking Price
% of
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

424-426 Frederick St

08/12/08

1,798,000*

$1,798,000

100%

2

 

67

3,608

$498

 $623

298-298 Upper Terr.

08/19/08

$1,100,000

$1,200,000

92%

2

 

15

1,468

$749

 


  
2nd Quarter (2008) - 8 Units
Address
Sale Date
Sale Price
Asking Price
% Over
Asking
Units
PK
DOM
Sq. Ft.
$/
Sq.Ft.
Avg. $/
Sq.Ft.

630-632 Cole St

05/30/08

$1,200,000

$1,395,000

-9%

2

1

87

3,000

$400

$529

142-144 Delmar

05/22/08

$2,198,000

$2,298,000

-1%

2

3

113

2,950

$745

 

25-27 Delmar

05/14/08

$1,234,000

$1,224,000

1%

4

0

22

2,500

$494

 

23-25 Clifford

05/12/08

$1,120,000

$1,095,000

1%

2

3

21

1,489

$752

 

4622-26 17th St

05/09/08

$1,665,000

$1,695,000

-1%

3

0

71

4,350

$383

 

1859 Page St

05/06/08

$1,372,000

$1,129,000

1%

4

3

33

4,000

$343

 

1649-1651 Page St

04/29/08

$1,900,000

$1,795,000

1%

2

4

10

3,384

$561

 

1673-1675 Page St

04/15/08

$1,155,000

$1,150,000

1%

2

1

46

2,084

$554


  
1st Quarter (2008) - 4 Units

Address

Sale Date

Sale Price

Asking Price

% Over
Asking

Units

PK

DOM

Sq. Ft.

$/
Sq.Ft.

Avg. $/
Sq.Ft.

Page St

03/14/08

$1,600,000

$1,549,000

1%

2

 

51

3,450

$464

$515

844-854 Shrader

03/07/08

$1,380,000

$1,199,000

1%

2

 

61

3,160

$437

 

337-339 Carl St

02/05/08

$1,100,000

$1,100,000

0%

2

 

50

2,800

$393

 

137 Delmar St

01/23/08

$1,150,000

$967,000

1%

2

 

16

1,500

$767

 


  
4th Quarter (2007) - 6 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
1496-98 Willard St 12/28/07 $1,804,000 $1,699,000 6.0% 2 1 40 2,400 $752 $543
595-599 Belvedere St 12/07/07 $1,665,000 $2,650,000 1.0% 2 3 55 2,780 $599  
100-102 Carmel St 11/21/07 $1,200,000 $1,349,000 -12% 2 2 57 2,244 $535  
1105-07 Stanyan 11/15/07 $1,075,000 $995,000 7.0% 4 1 12 3,450 $312  
1059-61 Page St 10/31/07 $1,595,000 $1,595,000 0.0% 4 3 38 4,500 $354  
66-68 Carmel St 10/25/07 $1,550,000 $1,428,500 8.0% 2 2 32 2,200 $705  

  
3rd Quarter (2007) - 3 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
1704-08 Waller St. 08/15/07 $1,350,000 $1,250,000 8% 3 2 30 4,275 $316 $487

286-290 Parnassus

07/03/07

$1,500,000

$1,575,000

-5%

3

2

14

3,740

$401

60-62 Delmar St. 07/03/07 $1,775,000 $1,698,000 5% 2 3 17 2,386 $744  

2nd Quarter (2007) - 2 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
555 Ashbury St 05/11/07 $1,300,000 $1,354,500 -4% 4 1 0 3,050 $426 $402
1626-30 Waller St 04/19/07 $1,700,000 $1,599,000 6% 3 3 8 4,500 $378  
 
    
1st Quarter (2007) - 2 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/ Sq.Ft. Avg. $/
Sq.Ft.
847-851 Cole St 03/21/07 $2,050,000 $2,085,000 -2% 3 0 62 3,807 $538 $522
240-242 Alma St 01/22/07 $1,387,500 $1,495,000 -7% 3 2 86 2,745 $505  

 
4th Quarter (2006) - 7 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
764-66 Clayton St 12/28/06 $1,080,000 $985,000 9.6% 2 2 13 3,350 $322 $435
939-41 Stanyan St 11/02/06 $1,100,000 $1,300,000 -15.4% 2 2 15 3,162 $348  
159 Carl St 10/27/06 $1,455,000 $1,498,000 -2.9% 3 3 66 2,516 $578  
1318-1320 Masonic 10/24/06 $1,925,000 $1,975,000 -2.5% 2 2 21 4,700 $410  
862-68 Shrader St 12/08/06 $2,150,000 $2,200,000 -2.3% 4 4 74 6,015 $357  
1200 Page St 10/17/06 $2,246,000 $2,345,000 -4.2% 2 2 121 4,555 $493  
486-88 Belvedere St 10/26/06 $1,600,000 $1,380,000 15.9% 2 2 19 3,000 $533  

  
3rd Quarter (2006) - 7 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
1380 Masonic Ave 09/29/06 $1,570,000 $1,600,000 -1.9% 2 2 79 2,590 $606 $460
565-567 Belvedere St 09/27/06 $1,450,000 $1,295,000 12.0% 3 2 23 3,000 $483  
1329-33 Masonic Ave 08/31/06 $1,665,000 $1,495,000 11.4% 4 1 20 4,950 $336  
1330-1332 Shrader St 08/18/06 $1,450,000 $1,350,000 7.4% 2 2 6 3,400 $426  
245-247 Carl St 07/28/06 $1,400,000 $1,195,000 17.2% 3 1 28 3,800 $368  
1621-23 Page St 07/28/06 $1,517,500 $1,635,000 -7.2% 2 3 24 2,880 $527  
649-653 Ashbury St 07/12/06 $1,900,000 $1,750,000 8.6% 3 3 12 4,050 $469  

  
2nd Quarter (2006) - 4 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
745-47 Shrader St 06/16/06 $2,040,000 $1,944,000 4.9% 2 2 30 3,400 $600 $452
648-652 Ashbury St 05/03/06 $1,575,000 $1,539,000 2.3% 3 0 60 4,650 $339  
1372-1376 Haight St 04/25/06 $1,350,000 $1,550,000 -12.9% 4 0 88 4,050 $333  
1822 Page St 04/06/06 $1,850,000 $1,649,000 12.2% 2 3 14 3,440 $538  

  
1st Quarter (2006) - 6 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
4930-32 17th St 03/14/06 $2,460,000 $2,495,000 -1.4% 2 2 57 3,437 $716 $509
920-924 Haight St 03/09/06 $1,800,000 $2,006,000 -10.3% 4 0 68 6,075 $296  
34-36 Farnsworth Ln 02/27/06 $1,850,000 $1,899,000 -2.6% 2 0 132 2,769 $668  
417-419 Clayton St 02/08/06 $1,150,000 $1,095,000 5.0% 2 3 52 2,450 $469  
624-626 Belvedere St 02/02/06 $1,410,000 $1,298,000 8.6% 2 2 64 2,250 $627  
1312-1312 1/2 Page St 01/20/06 $960,000 $1,008,500 -4.8% 2 2 117 3,450 $278  

  
4th Quarter (2005) - 5 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
4732 17th St 12/20/05 $1,405,000 $995,000 41.2% 2 1 14 1,650 $852 $583
379 Frederick St 11/22/05 $1,595,000 $1,649,000 -3.3% 3 1 75 3,050 $523  
510-512 Shrader 11/08/05 $1,300,000 $1,150,000 13.0% 2 2 8 2,350 $553  
142-144 Delmar 10/31/05 $1,236,000 $1,206,950 2.4% 2 2 65 2,950 $419  
1409 Masonic 09/06/05 $2,050,000 $1,946,000 5.3% 4 2 90 3,600 $569  

  
3rd Quarter (2005) - 7 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
1409 Masonic 09/6/05 $2,050,000 $1,946,000 5.3% 4 2 90 3,600 $569 $504
1140-1142 Stanyan 08/26/05 $1,522,500 $1,295,000 17.6% 2 2 58 2,975 $512  
1225-27 Clayton 08/26/05 $1,790,000 $1,800,000 -0.6% 2 2 27 3,050 $587  
1701-03 Oak St 08/25/05 $1,425,000 $1,375,000 3.6% 4 0 70 3,300 $432  
449-451 Ashbury St 08/12/05 $1,550,000 $1,395,000 11.1% 2 3 38 3,300 $470  
1380 Masonic 07/25/05 $1,425,000 $1,395,000 2.2% 2 2 72 2,590 $550  
764 Stanyan St 07/22/05 $1,400,000 $1,099,000 27.4% 2 3 9 3,420 $409  

  
2nd Quarter (2005) - 11 Units

Address

Sale Date Sale Price Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
940 Clayton St. 06/24/05 $1,535,000 $1,150,000 33% 2 2 14 2,320 $662 $531
862 Shrader St. 06/24/05 $2,025,000 $1,985,000 2% 4 2 14 6,000 $338  
27-29 Lyon St. 06/09/05 $1,855,000 $1,650,000 12% 2 2 26 3,740 $496  
929-931 Clayton St. 06/07/05 $1,428,000 $1,218,000 17% 2 1 48 2,610 $547  
65-69 Clifford Ter. 05/27/05 $1,700,000 $1,695,000 0% 3 2 17 3,550 $479  
80-84 Parnassus 05/26/05 $2,011,000 $1,995,000 1% 3 0 40 5,130 $392  
1549-51 Cole St. 05/20/05 $1,220,000 $1,149,000 6% 2 1 6 1,798 $679  
4-6 Downey St. 05/05/05 $1,505,000 $1,147,000 31% 4 0 23 3,506 $429  
1376-78 Masonic 05/05/05 $2,275,000 $1,895,000 20% 3 1 14 3,000 $758  
1470-1474 Willard 04/07/05 $1,700,000 $1,695,000 0% 3 0 47 2,656 $640  
948-950 Stanyan 04/01/05 $1,475,000 $1,098,000 34% 2 3 12 3,500 $421  

  
1st Quarter (2005) - 4 Units

Address

Sale Date

Sale Price

Asking Price % Over
Asking
Units PK DOM Sq. Ft. $/
Sq.Ft.
Avg. $/
Sq.Ft.
708 Ashbury St. 03/03/05 $1,600,000 $1,385,000 16% 2 3 36 2,620 $611 $471
1126-28 Masonic 02/28/05 $1,600,000 $1,495,000 7% 3 2 7 3,380 $473  
4909-11 17th St. 01/24/05 $1,229,500 $1,295,000 -5% 2 2 151 2,432 $506  
643-47 Cole St. 01/11/05 $1,500,000 $1,425,000 5% 3 1 33 5,100 $294  

 

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