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$699,000
Est. payment /mo
3 Beds
2 Baths
1,500 SqFt
OPEN HOUSE
Sat Feb 08, 11:00am - 1:00pm
UPDATED:
02/04/2025 07:28 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $466
MLS Listing ID ML81990209
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 1,873 Sqft
Property Description
Charming Duplex with Endless Possibilities. Discover this versatile mixed-use property offering exceptional potential for both homeowners and investors. The front unit, currently vacant, was previously a storefront rented for $2,100 per month, making the current cap rate close to 7%. Meanwhile it comes with a ready-to-pull permit to convert into a spacious 2 bed, 1 bath unit, complete with architect-drafted floor plans permit ready to pull. This makes it an excellent opportunity to repurpose as residential or maintain as a commercial storefront. The back unit is a well-maintained 2 bed, 1 office, 1 bath unit, currently tenant-occupied and generating stable rental income of $2,515 per month. With market-rate rents for each unit averaging around $3,300, this property offers significant upside potential for increased cash flow through forced appreciation producing close to 10% cap rate. Whether you are an investor seeking steady income or a buyer looking to maximize value, the possibilities are endless. Perfectly situated in a prime location, close to shopping, popular restaurants, and major commute routes, highly desirable for tenants and homeowners alike. Don't miss this chance to own a versatile, income-producing property in a convenient and sought-after area.
Location
State CA
County San Francisco
Area 10 - Portola
Zoning RH2
Interior
Heating Gas
Cooling Other
Flooring Carpet, Laminate, Tile
Exterior
Parking Features Attached Garage, On Street
Garage Spaces 1.0
Utilities Available Public Utilities
View City Lights
Roof Type Other
Building
Story 1
Foundation Other
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 5882-025
Miscellaneous Vaulted Ceiling
Security Features Security Fence,Other
Horse Property No
Special Listing Condition Not Applicable
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Listed by Wen Guo RE Group • KW Advisors