Property Overview:
This is an 8-unit residential income property located at the corner of 25th Ave and Clement St in San Francisco’s Richmond District. Each unit features 1 bedroom, 1 bathroom, 1-car garage parking, and a separate storage room. The property generates over $220K in gross annual rents and offers potential for future rental increases and long-term value appreciation. Seismic retrofit work was completed in 2016, and half of the units have updated kitchens and bathrooms.
Neighborhood Highlights:
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Richmond District:
- Known for its cultural diversity and proximity to Golden Gate Park, the Presidio, Baker Beach, and Ocean Beach.
- Surrounded by cafes, restaurants, boutique shops, and offers easy access to public transit.
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Tenant Appeal:
- Desirable location attracts quality tenants and commands high market rents.
Property Features:
- 8 spacious units with 1-bedroom, 1-bathroom layouts.
- 1-car garage parking and separate storage rooms for each unit.
- Low operating expenses and pride of ownership with modernized kitchens and bathrooms in half of the units.
- Seismic retrofit completed in 2016 for added safety.
- Fully occupied with a stable rental history providing steady cash flow.
Investment Highlights:
- Gross annual rents: Over $220K.
- Opportunity for future rental increases and long-term appreciation.
- Ideal for investors seeking a stable income property in a prime location.
Viewing Information:
- 11/19: Units 2, 3, 4 & 8 from 11:00 am to 12:30 pm.
- 11/22: Units 1, 3, 5 & 6 from 3:00 pm to 4:30 pm.