Property Overview:
639 3rd Ave is a multi-family home in San Francisco, CA 94118, built in 1905. It features a 4-bedroom, 1-office, 3-bath main house (approx. 1,800 sq. ft.) and a 1-bedroom, 1-bath ADU (approx. 700 sq. ft.) with a bonus space (approx. 200 sq. ft.) for additional income. The property spans 2,500 sq. ft. on a 3,000 sq. ft. lot and is listed for $1,488,000 with an estimated 6.5%+ cap rate.
Neighborhood Highlights:
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Schools:
Nearby schools include McCoppin (Frank) Elementary School, University of San Francisco - Lone Mountain Campus, and Zion Lutheran School. -
Convenience:
Walking distance to Golden Gate Park, Angelo Rossi Park, and Arguello Park. Close to restaurants (e.g., Uncleboy’s, Katia’s Russian Tea Room), coffee shops (e.g., 6th and B, Academy Cafe), and grocery stores (e.g., Arguello Super Market, Safeway). -
Transportation:
Excellent access to public transportation and urban amenities.
Property Features:
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Main House (Unit #639):
- Two levels with 4 bedrooms, 1 office, and 3 updated bathrooms.
- Living area with formal dining room and updated kitchen featuring modern finishes.
- Sunlit office/laundry room with deck access.
- Primary suite with en-suite bathroom and two additional bedrooms sharing a bath.
- Enhanced with updated flooring and central heating.
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ADU (Unit #641):
- 1-bedroom, 1-bath unit with a living room and updated kitchen.
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Bonus Space:
- Approx. 200 sq. ft. at the back, generating stable rental income.
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Outdoor Space:
- Flat backyard with a yoga studio and potential for further development.
- Front yard offers temporary parking.
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Utilities:
Separate water, electricity, and gas meters; tenants pay utilities.
Investment Potential:
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Income Opportunity:
- Ideal for house hacking or as a rental property with strong income potential.
- Estimated 6.5%+ cap rate.
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Versatility:
- Suits large families, investors, or those seeking a vibrant urban lifestyle.
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Prime Location:
- Proximity to eateries, retail, and parks makes it a coveted choice for convenience and style.