Property Overview:
5 Bird St is a fully vacant 4-unit apartment building with an unwarranted 5th unit located in the Mission District of San Francisco, CA. The property features 4 bathrooms, approximately 2,624 sq. ft. of living space, and is currently in pre-foreclosure with an estimated market value ranging from $2,269,000 to $2,874,000.
Neighborhood Highlights:
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Prime Location:
- Situated on one of the best blocks in the Mission District.
- Located on a 1-block-long street ending at Dearborn Gardens.
- Offers lovely outlooks from all 4 units.
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Community Appeal:
- Close to parks, restaurants, and public transportation.
- Ideal for urban living with a mix of residential and commercial amenities nearby.
Property Features:
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Units:
- 4 legal units: Each is 1 bedroom / 1 bathroom with slight layout variations.
- Bonus unit: 1 bedroom / 2 bathrooms, located behind the garage.
- Potential for conversion: 2 units could be reconfigured into 2-bedroom / 1-bathroom layouts.
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Outdoor Space:
- L-shaped backyard with a tiled patio off the bonus unit.
- Lower-level garden that wraps around part of the building.
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Garage:
- 1-car garage with laundry hookups and potential for tenant storage.
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Utilities:
- All 4 legal units are separately metered.
Investment Potential:
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Development Opportunities:
- Convert into TICs (Tenancy in Common).
- Keep as rental units or live in one unit while renting the others to offset the mortgage.
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Market Value:
- Estimated between $2,269,000 and $2,874,000.
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Foreclosure Status:
- Currently in pre-foreclosure, offering potential for a value-driven purchase.
Location Benefits:
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Mission District Charm:
- Vibrant neighborhood with a mix of culture, dining, and entertainment.
- Proximity to Dearborn Gardens and other green spaces.
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Commuter-Friendly:
- Easy access to public transit and major city routes.