Listed and sold with Kevin Ho and Jonathan McNarry, 1126-1128 Hampshire is a rare opportunity to own a vintage 2-unit Mission District building with the top-floor unit — with its 10-ft coved ceilings, sunny southwestern exposure and 1100-ish sqft — being delivered vacant. Downstairs, 1126 Hampshire, is a consistent income source as it’s home to long-term tenants who have never been late on rent. Listed at $1,495,000 and SOLD at $1,500,000
Nearly 10 percent of all property transfers in California (about 60,000 to 80,000) transfer between parents and children annually without a reassessment to current fair market value. Estimates show that state koffers take a $1.5 billion hit which translates to about 2.5 percent of property tax revenues that are already held artificially low by Proposition 13.
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