For Sale
$2,080,000

1379-1381 7Th AveSan Francisco, CA 94122

3-unit building, high cash flow potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional three-unit apartment building presents a compelling value-add investment opportunity in San Francisco's desirable Inner Sunset neighborhood. Located at 1379-1381 7th Avenue, this property boasts a prime location, just two blocks from Golden Gate Park and steps from UCSF's Hospital of the Future, offering easy access to shops, dining, and public transportation (one block from Muni). The building, constructed in 1978, comprises 3,900 square feet across three stories on a 0.07-acre lot. It features three units: two large units, each currently configured as five bedrooms and two bathrooms (one with ocean views), and a vacant garden unit. The property also includes a two-car garage with coin-operated laundry and a large, level yard. Currently, the occupancy is 17%, with significant potential for increased rental income. The pro-forma NOI is $187,200, representing a 9.00% cap rate at the asking price of $2,080,000 ($533.33 per square foot and $693,333.33 per unit). The property is in good condition, presenting opportunities for cosmetic upgrades to further enhance value and rental income. This is a rare cash flow opportunity in San Francisco, with a strong potential for both immediate returns and long-term appreciation. The property's location and features make it ideal for owner-occupancy or as a lucrative rental investment, particularly targeting nearby UCSF students. The APN is 1762-017.

Highlights

  • Three-unit apartment building in San Francisco's Inner Sunset neighborhood, offering a value-add opportunity.
  • Prime location, two blocks from Golden Gate Park and near UCSF.
  • 3,900 square feet on a 0.07-acre lot, built in 1978. Features three units: two five-bedroom, two-bathroom units (one with ocean views), and a vacant garden unit.
  • Includes a two-car garage with coin-operated laundry and a large yard.
  • Currently 17% occupied, offering significant rental income potential; pro forma NOI of $187,200, representing a 9% cap rate at the asking price of $2,080,000.
  • Good condition with potential for cosmetic upgrades to increase value.

Property Details for 1379-1381 7Th Ave

Property type
Apartment buildings
Square Feet
3,900 SF
Year Built
1978
Buildings
1
Stories
3
Lot Size (sq. ft)
3,049 SF
Units
3

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7626878
Longitude
-122.4642237
1379-1381 7Th Ave, San Francisco, California

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1379-1381 7Th Ave
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