Property Overview:
The Presidio Heights Trophy Apartment Building is a historic, fully detached courtyard-style property located at the intersection of Spruce and Sacramento Streets in San Francisco, CA. Built in 1909, it spans 12,705 sq. ft. and features 9 spacious flats, with 4 units delivered vacant. Most units include 3 bedrooms, formal dining and living rooms, large kitchens with pantries, and rear porches with washer/dryers. The property retains much of its Edwardian charm while incorporating modern upgrades.
Neighborhood Highlights:
-
Prime Location:
Situated in Presidio Heights, near Sacramento Street’s upscale boutiques, cafes, and restaurants, and just one block from Laurel Village Shopping Center, featuring Cal-Mart, Bryan’s Grocery, and other amenities.- Presidio National Park is just blocks away.
-
Accessibility:
Close to public transportation and major city hubs, making it ideal for residents and investors alike.
Property Features:
- Historic Charm: Retains Edwardian details like crown molding, high ceilings, and vintage design elements.
- Modern Upgrades:
- New roof, renovated stucco façade, rebuilt rear stairs, and seismic upgrades completed in the last decade.
- 200 amps of electrical service (may require further upgrades).
- Spacious Layouts:
- Units include formal living and dining rooms, large kitchens, and abundant natural light.
- 3 units renovated to condo quality.
- Additional Features:
- 1-car parking garage.
- Large vacant storage units (unsprinkled).
- Low expenses with most leased flats at market rents.
Investment Highlights:
- Turnkey Investment:
- Family-owned for 3 generations, offering a stabilized asset with upside potential.
- Ideal for long-term investors or value-add operators.
- Vacancy Opportunity:
- 4 vacant flats provide flexibility for upgrades or new tenants.
- Premier Location:
- Situated in one of San Francisco’s most desirable neighborhoods, ensuring high demand and strong rental income potential.