Property Overview:
2209 Gough Street is a 5-unit multifamily investment property located in the highly desirable Pacific Heights neighborhood of San Francisco, CA. The property spans 1,373 sq. ft. and is zoned RH-2-40-X. It offers an excellent $207,624 annual gross income with a 5.41% cap rate, providing strong cash flow and long-term appreciation potential.
Neighborhood Highlights:
- Located in Pacific Heights, one of San Francisco’s most coveted neighborhoods.
- Walking distance to Lafayette Park, Whole Foods, Russian Hill, the Marina, and Fillmore/Union Streets.
- Surrounded by top-tier dining, shopping, and entertainment options.
- Close to ample public transportation for easy commuting.
Property Features:
- Renovated Units:
- Upgraded kitchens and bathrooms with stainless steel appliances.
- Several new furnaces and water heaters.
- Building Upgrades:
- Seismic retrofit, fire alarms, fire sprinklers, and upgraded electrical panels.
- Security surveillance cameras, lighted pathways with sensors, and epoxy-coated exterior walkways.
- Additional Features:
- 2-car garage parking (1 space currently vacant).
- Storage room, separate electrical and gas meters, and individual water heaters.
- Common laundry facilities.
- Ground floor unit with private backyard featuring wood fencing, landscaping marble rocks, and solar lights.
- Value-Add Potential: Opportunity to build a rooftop deck with stunning water, bridge, and mountain views.
Investment Highlights:
- Flexible Options:
- Buyer can move in, lease immediately, or renovate and lease during a historically strong market.
- Tenant-Friendly:
- Tenants are cooperative, easy to manage, and pay market rent.
- Strong Cash Flow:
- Excellent gross income and cap rate in one of San Francisco’s most sought-after neighborhoods.
Location Benefits:
- Proximity to Lafayette Park, Whole Foods, and Marina District.
- Easy access to shopping, dining, and public transportation.
- Rare opportunity to own a trophy property in Pacific Heights.