Property Overview:
1273 3rd Ave is a 4-unit residential building in the highly sought-after Inner Sunset neighborhood of San Francisco, CA 94122, built in 1906. The property features one (1) 3-bedroom/1-bathroom unit and three (3) 1-bedroom/1-bathroom units, all of which are currently leased. The building spans 4,700 sq. ft. and includes abundant storage and a large, mature yard.
Neighborhood Highlights:
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Prime Location:
- Situated between Golden Gate Park (GG Park) and UCSF.
- Walking distance to hiking/biking trails, world-class museums, and N-Judah public transit for easy access to the Financial District and Ocean Beach.
- Close to vibrant neighborhoods like Cole Valley and Haight Ashbury, offering a variety of dining, grocery stores, and retail options.
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Nearby Amenities:
- Schools: Sunset Progressive School, Independence High School, and Xian Yun Academy of the Arts California.
- Grocery Stores: U C Market, K J Produce Market, and Golden Bear Market.
- Coffee Shops: Caffe Central, Starbucks, and Beanery.
- Restaurants: Wooly Pig Cafe, Kezar Pizzetta, and Koo.
- Recreation: Close to Hippie Hill, Grattan Playground, and Music Concourse.
Property Features:
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Craftsman Details:
- Box-beam ceilings, brick fireplaces, buffet built-ins, bay windows, and wood floors.
- East-to-west orientation allows for abundant natural sunlight.
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Investment Opportunity:
- Value-add potential with proximity to UCSF’s Parnassus Renovation Project, which is expected to be completed by 2030, bringing 1,050-1,200 construction jobs and 1,400 new employees who will require housing.
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Leased Units:
- All units are currently rented, providing immediate rental income.
Open House Schedule:
- Tuesdays: 10/29, 11/5 from 1-3 PM.
- Sundays: 11/3, 11/10 from 2-4 PM.
Location Benefits:
- Commuter-friendly: Close to N-Judah Muni line and major transit routes.
- Perfect for investors seeking a prime location with long-term growth potential.