Avenue, San Francisco, CA 94134

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$1,695,000

bedrooms

bathrooms

square feet

3,520

Acreage

0.0805

Open Houses

year built

1927

Full Baths

Half Baths

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514-520 Visitacion Ave is a classic 1927 detached Art Deco 5+ unit building consisting of (4) spacious one bedroom & one bath apartments + a studio apartment at street level. Currently each apartment is tenant occupied (three longer term and two new leased). There are a pair of individual attached garages that may accommodate parking on each side at the front. Additionally, submitted architectural plans are awaiting full approval from the SF Department of Building Inspections to construct an ADU (1 bed + 1 bath) in one of the garages below. Earning over $100k gross rental income with minimal expenses (tenants pay PG&E + Recology) these 5 apartments yield a 4.1% cap rate. The Seismic retrofit compliance repairs have been completed and a new roof was installed in 2019. Each apartment provides natural light, wood and tiled floors, large living rooms which include a Murphy Bed in the closet + fireplace, and upgraded kitchens & baths, with the possibility to include an in-unit laundry set up. There is also a large shared concrete yard in the rear that could be reconfigured. Lots of upside potential to upgrade this classic SF investment to 6 or more units. Seller says bring offer!

Location
Subdivision	-
County	San Francisco
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 423919766

Listing agent: Matthew T Hilzendrager #DRE #01371943

Listing broker: Corcoran Icon Properties (415) 552-9500

Last update: Monday, August 26 2024 at 4:34 p.m. EDT

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