Active
Private Address
$1,695,000
$481.53 per sqft
Active
4 Beds
4 Baths
3,520 sqft
Multi-family
Built in 1927
514-520 Visitacion Ave is a classic 1927 detached Art Deco 5+ unit building consisting of (4) spacious one bedroom & one bath apartments + a studio apartment at street level. Currently each apartment is tenant occupied (three longer term and two new leased). There are a pair of individual attached garages that may accommodate parking on each side at the front. Additionally, submitted architectural plans are awaiting full approval from the SF Department of Building Inspections to construct an ADU (1 bed + 1 bath) in one of the garages below. Earning over $100k gross rental income with minimal expenses (tenants pay PG&E + Recology) these 5 apartments yield a 4.1% cap rate. The Seismic retrofit compliance repairs have been completed and a new roof was installed in 2019. Each apartment provides natural light, wood and tiled floors, large living rooms which include a Murphy Bed in the closet + fireplace, and upgraded kitchens & baths, with the possibility to include an in-unit laundry set up. There is also a large shared concrete yard in the rear that could be reconfigured. Lots of upside potential to upgrade this classic SF investment to 6 or more units. Seller says bring offer!
423919766
MLSⓇ ID
October 27, 2023
Listed
August 30, 2024
Updated
Map
Private Address
Interior Features
Total Stories
3
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Appliances
Free-Standing Gas Range, Free-Standing Refrigerator
Floor Description
Laminate, Tile, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.08 Acres
Exterior Features
Yard Space
Lot Features
Shape Regular
Architectual Style
Art Deco, Contemporary
Roof
Tar/Gravel
Sewer
Public Sewer
Other Property Details
Area Name
SF District 10
Days on Market
213
Garage
Yes
Parking
Attached, Garage
Parking Total
2
View
No
County
San Francisco
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/25/2024 | Price change | $1,695,000 6% |
3/7/2024 | Price change | $1,595,000 -6% |
Listed by Matthew T Hilzendrager with Corcoran Icon Properties
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 8/30/2024.
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Data last updated 4:28 PM UTC, 8/30/2024