361-365 2nd Avenue is a very well located 8 unit property located in the Inner Richmond, one of the most popular neighborhoods in San Francisco. Constructed in 1964, this property consists of two buildings on one large lot. The unit mix includes 1 two bedroom + den/ two bath unit, 5 two bedroom/ one bath units and 2 one bed / one bath units. Two of the units are individual flats located in the 361-363 2nd Avenue building. The upper flat is excellent for an owner occupied home. It consists of a spacious living/dining room, 2 bedrooms, den/study, kitchen with eating nook, laundry room, and a full bonus room with access to rear yard. The other six units are in the adjacent 365 2nd Avenue building. There are 3 garage parking spaces and 5 uncovered parking spaces. There are separate gas furnaces in each flat in 361-363 2nd Avenue. There are electric wall and baseboards heaters in the apartments at 365 2nd Avenue. Tenants pay their own PG&E. The buildings are not on the City of San Francisco's Soft Story List. Huge upside in the rents. There is development potential, including potential ADU's.
|Cap Rate Percentage||3.7|
|Style||Multi-Family (5-20 Units)|
|Available Date||May 12th, 2021|
Prime Inner Richmond Location 2 Flats + 6 Apartment Units in Two Buildings on One Large Lot 1 Two Bedroom + Den / Two Bath Unit (Excellent Owner's Unit!) 5 Two Bedroom / One Bath Units 2 One Bedroom / One Bath Units 8 Parking Spaces (3 Covered, 5 Uncovered) Separately Metered for Gas & Electricity Separate Electric Heat for Each Apartment in the 6 Unit Building Separate Gas Furnaces for the Flats in the 2 Unit Building Coin Operated Laundry Huge Upside in Rents & Development/ADU Potential! Near the Presidio, Golden Gate Park, University of San Francisco & University of California A Block from California Street a Major Transportation Corridor Near Shops, Bars & Restaurants on Geary Blvd., Clement St.,California St., Sacramento St. & in Laurel Village Very Close to Muni Bus Lines on California St. & Geary Blvd.Area Description
Area Description: These attractive buildings, located in the highly desirable Inner Richmond, are within walking distance to California Street, Clement Street and Geary Boulevard, which have many retail shops, restaurants and bars. Shopping and other services are also nearby in the Laurel District Shopping Center, as well as on Sacramento Street in Presidio Heights. Additionally, the building is conveniently located to the Presidio, Golden Gate Park, and Baker and Ocean Beaches. Public transportation stops via Muni are nearby, giving great and quick access to the Financial District, Downtown and the rest of the City. The Golden Gate Bridge is within a short driving distance allowing easy access to Marin County and the Wine Country. Park Presidio, a few blocks away, is easily accessed leading to 19th Avenue and Interstate 280 south to the Peninsula, Half Moon Bay and San Jose.
Region: INNER RICHMOND
|Gross Income: $235,851|