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400 25th AVE San Francisco, CA 94121
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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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