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Listed by Michael B Johnston Engel & Voelkers San Francisco
$3,995,000
Est. payment /mo
12 Beds
9,678 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 9,678 sqft
Price per Sqft $412
MLS Listing ID 426120991
Bedrooms 12
HOA Y/N No
Year Built 1951
Lot Size 4,970 Sqft
Acres 0.1141
Property Sub-Type Multi Family
Property Description
Located on a quiet residential block in one of the city's most desirable rental neighborhoods, 89 Heather Avenue presents a rare opportunity to acquire a well-maintained 12-unit apartment building with significant income upside. Situated in the highly sought-after Jordan Park / Laurel Heights area of San Francisco, the property offers strong in-place cash flow combined with future rental growth potential. Built in 1951, the three-story building consists of twelve spacious one-bedroom / one-bathroom apartments, all featuring identical floor plans with four well-proportioned rooms. Each unit includes individual gas forced-air heating and gas stoves, as well as hardwood floors throughout. Seven units have been remodeled, including updated electrical subpanels, while the remaining units retain original fuse-based electrical panels. The rear of the building has dual-pane windows, while the front maintains single-pane windows. Pillow test fire alarm sounders were completed approximately six years ago. A seismic retrofit has been completed with CFC issued.
Location
State CA
County San Francisco
Area Sf District 1
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Building
Lot Description None
New Construction No
Others
Tax ID 1041012
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