768 8Th AveSan Francisco, CA 94118

This exceptional 6-unit multifamily property, located at 768 8th Avenue in San Francisco's desirable Inner Richmond District, presents a compelling investment opportunity. The building, constructed in 1962, comprises four spacious 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 4,462 square feet on a 3,000 square foot lot. Each unit features wall heating and ample closet space, with select units boasting skylights, fireplaces, and hardwood flooring. Recent upgrades include a completed mandatory soft-story retrofit (2016) and a new fire alarm system (2024), ensuring compliance and peace of mind. Convenient common area amenities include a 6-car garage and coin-operated laundry facilities. Individual gas and electric meters simplify utility management. The property boasts a current NOI of $121,227 and a pro-forma NOI of $198,031, representing a 5% cap rate and an 8.17% pro-forma cap rate respectively. Its prime location offers easy access to Geary Boulevard and Clement Street, providing abundant dining and shopping options. Golden Gate Park, the Presidio, Kaiser Permanente's San Francisco Campus, the DeYoung Museum, and the California Academy of Sciences are all within convenient reach. The asking price is $2,425,000, with a price per unit of $404,166.67 and a price per square foot of $543.48. The property is zoned RH-3. The APN is 1650-037. This property offers a blend of strong in-place income and significant upside potential in a highly sought-after San Francisco neighborhood.