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1273 - 1277 3rd Ave

4 Unit Apartment Building $2,380,933 CAD ($595,233 CAD/Unit) 5.02% Cap Rate San Francisco, CA 94122

Investment Highlights

  • Located within 1.5 blocks of UCSF and Golden Gate Park
  • Charming neighborhood bordered by Cole Valley, Haight Ashbury, Golden Gate Park, UCSF and Inner Sunset
  • Exceptional Upside with UCSF Renovation adding 1,000+ jobs by 2030!
  • Half block to Irving Street for N Judah Transportation and savory dining
  • Walk Score is 95 - Walker's Paradise!

Executive Summary

Open Tues 1-3. Attention investors! Elegant 4-unit Inner Sunset building in A+ location tucked between GG Park & UCSF with tons of upside potential is now available! Featuring: one (1) 3-bedroom/1-bathroom unit + three (3) 1-bedroom / 1-bath units. Currently all units are leased! Additionally, there is abundant storage and a large, mature yard. This property checks all the boxes for an excellent value-add opportunity, especially for its proximity to UCSF where the current Parnassus Renovation, including new hospital, is projected to be complete by 2030 and is estimated to hire 1,050 to 1,200 jobs for construction and 1,400 new employees who will need housing. Quintessential craftsman details abound with units featuring a mix of: box-beam ceilings, brick fireplaces, buffet built-ins, bay windows & wood floors. Property is situated east to west, basking in natural sunlight. Located in the highly sought-after Inner Sunset within walking distance to: UCSF, GG Park hiking/biking trails + world-class museums, N-Judah for transport to the Financial District and Ocean Beach; Cole Valley, Haight Ashbury & more to enjoy a plethora of dining, grocers & retailers.

Property Facts Under Contract

Price $2,380,933 CAD
Price Per Unit $595,233 CAD
Sale Type Investment
Cap Rate 5.02%
Gross Rent Multiplier 16.7
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Size 4,700 SF
Average Occupancy 100%
No. Stories 3
Year Built 1906
Cross Streets Irving

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 $2,717 CAD -
3+1 1 $4,207 CAD -
Walk Score ®
Walker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1752-006
Land Assessment
$59,080 CAD
Improvements Assessment
$90,195 CAD
Total Assessment
$150,025 CAD

zoning

Zoning Code RH-2 (From 3R Permit Report in Disclosure Packet.)
RH-2 (From 3R Permit Report in Disclosure Packet.)
  • Listing ID: 33668461

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 1273 - 1277 3rd Ave, San Francisco, CA 94122

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