1273 - 1277 3rd Ave
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1273 - 1277 3rd Ave
4 Unit Apartment Building $1,695,000 ($423,750/Unit) 5.02% Cap Rate San Francisco, CA 94122
Investment Highlights
- Located within 1.5 blocks of UCSF and Golden Gate Park
- Charming neighborhood bordered by Cole Valley, Haight Ashbury, Golden Gate Park, UCSF and Inner Sunset
- Exceptional Upside with UCSF Renovation adding 1,000+ jobs by 2030!
- Half block to Irving Street for N Judah Transportation and savory dining
- Walk Score is 95 - Walker's Paradise!
Executive Summary
Open Tues 1-3. Attention investors! Elegant 4-unit Inner Sunset building in A+ location tucked between GG Park & UCSF with tons of upside potential is now available! Featuring: one (1) 3-bedroom/1-bathroom unit + three (3) 1-bedroom / 1-bath units. Currently all units are leased! Additionally, there is abundant storage and a large, mature yard. This property checks all the boxes for an excellent value-add opportunity, especially for its proximity to UCSF where the current Parnassus Renovation, including new hospital, is projected to be complete by 2030 and is estimated to hire 1,050 to 1,200 jobs for construction and 1,400 new employees who will need housing. Quintessential craftsman details abound with units featuring a mix of: box-beam ceilings, brick fireplaces, buffet built-ins, bay windows & wood floors. Property is situated east to west, basking in natural sunlight. Located in the highly sought-after Inner Sunset within walking distance to: UCSF, GG Park hiking/biking trails + world-class museums, N-Judah for transport to the Financial District and Ocean Beach; Cole Valley, Haight Ashbury & more to enjoy a plethora of dining, grocers & retailers.
Property Facts Under Contract
| Price | $1,695,000 | Property Subtype | Apartment |
| Price Per Unit | $423,750 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Size | 4,700 SF |
| Cap Rate | 5.02% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.7 | No. Stories | 3 |
| No. Units | 4 | Year Built | 1906 |
| Property Type | Multifamily | Cross Streets | Irving |
| Price | $1,695,000 |
| Price Per Unit | $423,750 |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 16.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Size | 4,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1906 |
| Cross Streets | Irving |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,935 | - |
| 3+1 | 1 | $2,995 | - |
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Walk Score ®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 1752-006 | Improvements Assessment | $64,367 |
| Land Assessment | $42,162 | Total Assessment | $107,064 |
PROPERTY TAXES
Parcel Number
1752-006
Land Assessment
$42,162
Improvements Assessment
$64,367
Total Assessment
$107,064
zoning
| Zoning Code | RH-2 (From 3R Permit Report in Disclosure Packet.) |
| RH-2 (From 3R Permit Report in Disclosure Packet.) |
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Therese Milestone -
Berkshire Hathaway Franciscan Properties
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1273 - 1277 3rd Ave
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