This Victorian 2 unit building has 4 car parking. It is ideally located in a great neighborhood close to Fillmore St. shops, restaurants and cafes. Both units are two bedroom units with 11' high ceilings, period detailing and hardwood floors. The lower unit is to be delivered vacant and the upper unit has a tenant. There is a lot of upside to this property for the person who is willing to wait or buy out the upstairs tenant, especially given the 4 independent car garages parking.
This is a rarely available 2 unit building in NOPA. Both units are 2 bedroom and 1 bath units. There is an unwarranted room and bathroom in the basement. There also is two car parking and a large garden. Both units are vacant. They could use some upgrades. If a contractor were to take this project they could with the right upgrades and assuming they could make it through the condo process probably sell each unit for over $650,000 or more. This property in my mind is a steal.
This 2 unit building is a steal at $899,000. It has two 2 bedroom and 1 bath units. There is 3 car parking and this unit is a fixer. There is a tenant, but for a contractor who upgrades these units, they could possibly get over $800,000 a piece in this location after taking the units through the condominium approval process. This is a probate sale.
An 8 Unit Multi-unit Edwardian building in the popular North Panhandle neighborhood. It has eight 1 bedroom and 1 bath units. There is 6 car parking. This is a great price considering the hot rental market right now and the desirability of renters to live in this great area.
This is a 5 unit building consisting of one 2 bedroom unit, three 1 bedroom units, and a studio flat. It has approximately 3,368 rentable square feet. It is currently has an estimated total net income of $117,464/yr and estimated net operating income of $72,900/yr. The studio and the 2 bedroom unit are currently vacant and a third unit is to be delivered vacant. This multi-unit building is in Pacific Heights and near Alta Plaza Park. The current estimated Cap Rate is 4.55% with an estimated 13.2 GRM. The things I like about this building are it is located in Pacific Heights, the units get a lot of light, the building has a lot of period details, would make a great 1031 exchange opportunity, and 3 of the units are to be delivered vacant allowing a buyer a choice of units to move into and to get market rents on these units.
Sold 7/29/2011 for $1,575,000.
Welcome to the SF Values Blog. This is where we post highlights of interesting properties that we come across while on tour, open houses, or websites. These properties are not necessarily our listings, but are compiled from what is currently on the market. If you want further information on any of them, please contact us.