San Francisco, CA 94121,400 25th AVE
San Francisco, CA 94121,400 25th AVE
San Francisco, CA 94121,400 25th AVE
San Francisco, CA 94121,400 25th AVE
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Listed by Monica H Chung Andersen, Jung & Co.

$2,500,000

$2,600,000

3.8%
Est.Price: ?

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Est. payment /mo

8 Beds

5,718 SqFt


SOLD DATE : 12/06/2024

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,718 sqft

Price per Sqft $437

MLS Listing ID 424078104

Sold Date 12/06/24

Style Mid-Century

Bedrooms 8

HOA Y/N No

Year Built 1961

Lot Size 3,249 Sqft

Acres 0.0746

Property Description

Fantastic Investment Opportunity in the Heart of San Francisco's Vibrant Richmond District! This 8-Unit residential income property is situated at the corner of 25th Ave and Clement St, in the center of the bustling Richmond District. Each unit is spacious with a 1-Bedroom and 1-Bathroom configuration, 1-Car garage parking, and separate storage room. The building shows pride of ownership with updated kitchens and bathrooms as well as low operating expenses. Seismic retrofit work was completed in 2016. The Richmond District is known for its cultural diversity, proximity to Golden Gate Park, the Presidio, Baker Beach, Ocean Beach and home to an array of cafes, restaurants, boutique shops and easy access to public transit. This desirable location is an ideal draw for quality tenants and commands high level market rents. The building is fully occupied and demonstrates a stable rental history offering an investor steady cash flow with over $220K in actual gross rents yet still provides upside in future rental increases as well as long term value appreciation making it an ideal addition to any investment portfolio.

Location

State CA

County San Francisco

Area Sf District 1

Interior

Heating Natural Gas

Cooling None

Flooring Carpet, Tile, Vinyl, Wood

Fireplace No

Exterior

Utilities Available Common Area Meter

Roof Type Asphalt,Flat

Total Parking Spaces 8

Building

Lot Description Corner Lot

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Mid-Century

Level or Stories Three Or More

New Construction No

Others

Tax ID 1456041

Acceptable Financing 1031 Exchange, Subject To

Listing Terms 1031 Exchange, Subject To

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