Property Overview:
This is a charming four-unit building located in the prime NoPa neighborhood of San Francisco, directly across from Panhandle Park. The property features large, light-filled units with hardwood floors, high ceilings, built-ins, and period charm. It includes in-unit laundry, dishwashers, and a vacant garage with potential for additional development. Recent upgrades include a new sewer lateral, newer roof with skylights, and fresh exterior paint.
Neighborhood Highlights:
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Prime Location:
Situated in the red-hot NoPa neighborhood, close to Divisadero Street, Haight-Ashbury, and Hayes Valley, offering access to shopping, dining, and entertainment. -
Convenience:
Excellent proximity to public transit, neighborhood amenities, and freeway access. -
Desirable Rental Area:
One of the most sought-after rental locations in San Francisco.
Property Features:
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Units:
- Four large units with period details and modern amenities.
- In-unit laundry, dishwashers, and hardwood floors.
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Expansion Potential:
- Large undeveloped attic space.
- Unapproved plans to add four ADUs in the vacant garage.
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Garage:
- Currently used as storage, to be delivered vacant.
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Shared Amenities:
- Huge shared parklike yard.
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Recent Upgrades:
- New sewer lateral, newer roof with skylights, and new exterior paint.
- Seismically upgraded building with new systems.
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Additional Features:
- Chef’s kitchen with a large island and professional appliances.
- Primary suite with dual vanities, walk-in closet, and private deck.
- Family room or 4th bedroom with access to a private patio.
Investment Highlights:
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Amazing Value:
- Priced at 14.2 GRM and 5.1% Cap Rate.
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Rental Potential:
- Located in a high-demand rental area with potential for additional units.
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Turnkey Opportunity:
- Fully rebuilt Victorian with modern systems and timeless charm.
Location Benefits:
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Across from Panhandle Park:
Enjoy direct access to one of San Francisco’s most iconic green spaces. -
Commuter-Friendly:
Close to public transit, shopping, and major highways. -
Vibrant Neighborhood:
Surrounded by cultural and recreational hotspots, perfect for city living.