Bernal Heights / 7-Units / New ADU | 217-221 Virginia Ave
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Bernal Heights / 7-Units / New ADU 217-221 Virginia Ave
7 Unit Apartment Building $4,527,284 CAD ($646,755 CAD/Unit) 6% Cap Rate San Francisco, CA 94110
Investment Highlights
- $400,000+ SPENT ON RENOVATION - All Units Completely Renovated. New 2BD/2BA ADU Completed 2023.
- HIGH-GROWTH SUBMARKET & DENSE POPULATION - Bernal Heights Is One of the Fastest Rising Areas in San Francisco. Average Household Income $271,300.
- ENDURING ASSET - One of the Most Sought-After Neighborhoods. Limited Inventory. Lofty Upside.
- HISTORIC EDWARDIAN ARCHITECTURE - Building in Immaculate Condition. High Ceilings. Abundance of Natural Light.
- PRIME LOCATION FOR RENTERS - Nearby Access to I-280 and 101 Freeways. Walk Score®: 95 (Walker’s Paradise).
Executive Summary
Touchstone Commercial Partners proudly presents a stunning 7-unit Edwardian-style building in the highly desirable Bernal Heights District, one of San Francisco’s most rapidly rising neighborhoods. This multifamily property is a prime investment opportunity in an area with strong rental demand. The building is conveniently situated near I-280 and Highway 101, only a short commute from downtown San Francisco, and boasts an impressive Walk Score® of 95. The nearby BART station is just a 10-15-minute walk, providing easy access to public transit.
The building is in immaculate condition, with all units fully renovated. Over $400,000 has been invested in recent renovations, including adding a brand-new 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) in 2023. Investors will appreciate the potential 15% upside in market rent increases, contributing to a pro forma cap rate of 6.74%, making this a highly attractive income-generating asset in one of the city's most sought-after locations.
The building is in immaculate condition, with all units fully renovated. Over $400,000 has been invested in recent renovations, including adding a brand-new 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) in 2023. Investors will appreciate the potential 15% upside in market rent increases, contributing to a pro forma cap rate of 6.74%, making this a highly attractive income-generating asset in one of the city's most sought-after locations.
Property Facts
Unit Amenities
- Balcony
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 540 - 576 |
| 2+1 | 2 | - | 604 - 702 |
| 2+1.5 | 1 | - | 694 |
| 2+2 | 1 | - | 957 |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5617-019 | Improvements Assessment | $2,076,160 CAD |
| Land Assessment | $2,926,993 CAD | Total Assessment | $5,003,372 CAD |
PROPERTY TAXES
Parcel Number
5617-019
Land Assessment
$2,926,993 CAD
Improvements Assessment
$2,076,160 CAD
Total Assessment
$5,003,372 CAD
zoning
| Zoning Code | RH2, San Francisco |
| RH2, San Francisco |
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Bernal Heights / 7-Units / New ADU | 217-221 Virginia Ave
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