Property Overview:
This is a turnkey midcentury 4-unit building located in the highly desirable north slope of Potrero Hill neighborhood, built in 1964. The property features four updated 1-bedroom units with hardwood floors, modern granite kitchens, updated bathrooms, and spacious layouts. One unit is currently vacant, offering an excellent opportunity for an owner-occupier or investor. The building includes 4 parking spaces, common laundry, bike storage, a sunny rear garden, and is separately metered for gas and electricity.
Neighborhood Highlights:
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Prime Location:
Situated in Potrero Hill, a highly sought-after area for renters due to its proximity to shops, restaurants, and amenities. -
Nearby Amenities:
- Whole Foods, Starbucks, Plow, Philz Coffee, Jackson Park, California College of the Arts (CCA), UCSF Benioff Children’s Hospital, Kaiser Permanente, SF Design District, Chase Center, and more.
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Transportation:
- 1 block to MUNI, close to BART, CalTrain, corporate shuttles, and easy access to 280 and 101 freeways.
Property Features:
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Turnkey Condition:
- Newly painted exterior with great curb appeal.
- Strong rents and excellent tenant profiles ($3000, $2895, $2695).
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Building Details:
- 4 one-bedroom units with plenty of natural light.
- High ceilings on the garage level, offering potential for ADU(s) or expansion.
- Skylit stairwell and low-maintenance design.
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Additional Features:
- Common laundry and bike storage.
- Sunny rear garden for tenant enjoyment.
Investment Opportunity:
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Income Potential:
- All units rented near market rates, providing immediate investment income.
- Opportunity to increase value through ADU(s) or expansion.
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Vacant Unit:
- One unit is vacant, making it ideal for an owner-occupier or smart investor.
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Desirable Tenant Base:
- Located in a pedestrian- and bicycle-friendly area with access to corporate shuttles and public transit, attracting professionals and students.
Location Benefits:
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Walkable Neighborhood:
- Close to parks, cafes, and grocery stores.
- Perfect for tenants seeking a vibrant, urban lifestyle.
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Commuter-Friendly:
- Easy access to public transportation, CalTrain, and major freeways (280 and 101).
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Proximity to Major Employers:
- Near UCSF Mission Bay, Kaiser Permanente, and California College of the Arts (CCA).