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Listed by Eric M Chin Coldwell Banker Realty
$2,550,000
Est. payment /mo
6 Beds
1 Bath
4,930 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,930 sqft
Price per Sqft $517
MLS Listing ID 425060444
Bedrooms 6
Full Baths 1
HOA Y/N No
Year Built 1908
Lot Size 3,306 Sqft
Acres 0.0759
Property Sub-Type Multi Family
Property Description
Owner or Investor Opportunity Meets Victorian Charm in Prime Noe Valley. A rare chance to own a 5-unit Victorian-era property in the heart of Noe Valley one of San Francisco's most sought-after residential neighborhoods. This iconic building features: Five well-appointed units with 4 rooms each, plus enclosed porches for expanded livable space. Two vacant units, ideal for owner-occupants or immediate income generation. Ground-level storage offering strong potential for conversion into ADUs (Accessory Dwelling Units) or rent out at around $300/m each for additional income. Original architectural details preserved throughout, perfect for value-add without sacrificing historic charm. Located just off 24th Street near tech shuttle stops, cafes, shops, and parks. Strong rental demand, walkable location, and sunny microclimate. Excellent current CAP rate of 4.67, 14.3 GRM can be raised to 5.24 CAP at 13.2 GRM when the 4 storage units are rented out at $300/m/unit. Whether you're a seasoned investor, developer, or an owner-user buyer seeking legacy property with upside, this is a strategic acquisition with room for creativity and future growth. Soft story seisimic upgrade done in 2016. Live in a desirable Noe Valley neighborhood mortgage paid for by the rent collected.
Location
State CA
County San Francisco
Area Sf District 5
Interior
Fireplace No
Building
Lot Description None
Story 3
Level or Stories Three Or More
New Construction No
Others
Tax ID 3653027
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