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$ 699,000
Est. payment | /mo
1,500 SqFt
$ 699,000
Est. payment | /mo
1,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $466
MLS Listing ID ML81990209
HOA Y/N No
Year Built 1925
Annual Tax Amount $8,400
Lot Size 1,873 Sqft
Property Sub-Type Duplex
Property Description
Charming Duplex with Endless Possibilities. Discover this versatile mixed-use property offering exceptional potential for both homeowners and investors. The front unit, currently vacant, was previously a storefront rented for $2,100 per month, making the current cap rate close to 7%. Meanwhile it comes with a ready-to-pull permit to convert into a spacious 2 bed, 1 bath unit, complete with architect-drafted floor plans permit ready to pull. This makes it an excellent opportunity to repurpose as residential or maintain as a commercial storefront. The back unit is a well-maintained 2 bed, 1 office, 1 bath unit, currently tenant-occupied and generating stable rental income of $2,515 per month. With market-rate rents for each unit averaging around $3,300, this property offers significant upside potential for increased cash flow through forced appreciation producing close to 10% cap rate. Whether you are an investor seeking steady income or a buyer looking to maximize value, the possibilities are endless. Perfectly situated in a prime location, close to shopping, popular restaurants, and major commute routes, highly desirable for tenants and homeowners alike. Don't miss this chance to own a versatile, income-producing property in a convenient and sought-after area.
Location
State CA
County San Francisco
Zoning RH2
Interior
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Garage Spaces 1.0
Garage Description 1.0
View Y/N Yes
View City Lights
Roof Type Other
Accessibility Other
Total Parking Spaces 2
Building
Story 1
Sewer Public Sewer
Water Public
Schools
School District San Francisco Unified
Others
Tax ID 5882025
Special Listing Condition Standard
Listed by Wen Guo RE Group • KW Advisors
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