1290 20th Avenue is a beautiful 39 unit corner trophy building in a fantastic location, bordering the Inner and Central Sunset Districts of San Francisco. The building has 38 sizable apartment units and 1 large retail space currently occupied by US Bank, plus 3 car parking and antenna income. There is 1 two bedroom/ two bath apartment unit and 31 one bedroom apartment units and 6 studio apartments. The property boasts a beautiful ornate entry and the units have Bay windows, high ceilings, and hardwood floors. Many units have been upgraded with high quality improvements and finishes. Some rehabbed units have in unit washers and dryers. There are three parking spaces and coin operated laundry machines in the garage. There is ADU potential in the garage, as well. Current owner has made large capital expenditures including upgrading the electrical, separate meters for gas and electricity, improving the exterior facade and the lobby and common areas, among other updates. The building is separately metered for gas and electricity. The owner pays for steam heat, water and garbage.
|Property Use||Rental or Investment|
|Style||Multi-Family (Over 20 Units)|
|Building Size||39,240 SF|
|Lot Size||6500 SF|
|Available Date||Sep 17th, 2021|
Excellent Sunset District Location! Beautiful Concrete & Steel Building 1 Two Bedroom Unit 31 One Bedroom Units 6 Studio Units 1 Large Retail Space with A+ Credit Tenant 3 Car Parking Antenna Income 2 Washers/ 2 Dryers Fantastic Views! Gorgeous Ornate Lobby Separately Metered for Gas & Electricity Many Units Rehabbed with High Quality Improvements Recent Large Capital Expenditures 1 Block to Golden Gate Park Surrounded by Restaurants, Bars, Shops and Public Transportation ADU Potential! **Per Owner's Measurements *Per Realist Tax RecordsArea Description
Area Description: The property is ideally located in San Francisco's Central Sunset District, bordering the Inner Sunset, on the corner of Irving Street and 20th Avenue. This prominent corner location along the vibrant Irving Street Shopping district allows tenants easy access to robust options of restaurants, bars, shopping, and several public transportation options. The building is within a block of Golden Gate Park and all of the recreational amenities it has to offer. The Pacific Ocean and UCSF Medical School are both nearby. It is also near San Francisco MUNI bus lines, which offer easy access to the Financial District, Downtown, Ocean Beach and other areas of the City. 19th Avenue/Highway 1 is conveniently located a block east from the building, providing easy access south to the Peninsula and Silicon Valley and North to Marin and Napa Wine Country.
|Gross Income: $1,626,453|