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Listed by Adam D Filly Compass Commercial
$3,900,000
Est. payment /mo
12 Beds
9,168 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 9,168 sqft
Price per Sqft $425
MLS Listing ID 425086531
Bedrooms 12
HOA Y/N No
Year Built 1923
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Multi Family
Property Description
225 Irving Street is a 12-unit multifamily building in San Francisco's Inner Sunset neighborhood. Built in 1923, the property consists of 12 one-bedroom units. Each unit has a nearly identical floor plan, and includes hardwood floors, large closets, and 1920's character. It is fully occupied, with four garage parking spaces, coin laundry, and separately metered gas and electricity. Two garage spaces are to be delivered vacant. The building totals 9,168 square feet on a 5,000-square-foot lot. There is approximately 30% upside in the rents. This highly desirable location provides tenants with easy access to Irving Street shops, Cole Valley, and Golden Gate Park. It is adjacent to the $4 Billion renovation of the UCSF Parnassus Heights campus. Once completed, UCSF projects 4,000 new permanent jobs, which should drive demand and increase market rents. This is an excellent opportunity to acquire a well-maintained asset with strong growth potential.
Location
State CA
County San Francisco
Area Sf District 2
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Total Parking Spaces 4
Building
Lot Description None
New Construction No
Others
Tax ID 1758040
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