1423 47th Ave - Apartments FOR SALE


San Francisco, CA 94122- Outer Sunset | 
$1,925,000 USD
415-625-2117
1423 47th Ave, San Francisco, CA for Sale
$1,925,000 USD
Apartments - FOR SALE
1/5
null | 4.12% Cap Rate

1423 47th Ave
San Francisco, CA 94122
Outer Sunset


HIGHLIGHTS

  • Three-unit multifamily property built circa 1974
  • Two 3-bedroom, 2-bath units
  • One non-conforming 1-bedroom, 1-bath unit
  • Two-car garage plus two additional driveway parking spaces
  • Easy access to Muni bus and rail service
  • Desirable coastal location offering a balance of urban convenience and neighborhood charm

OVERVIEW

1243 47th Avenue presents an attractive investment opportunity in San Francisco, offering a fully occupied three-unit multifamily property with stable in-place income and strong tenant demand. Built circa 1974, the property consists of two spacious three-bedroom, two-bathroom units and one non-conforming one-bedroom, one-bathroom unit, creating a desirable unit mix that appeals to a broad tenant base. The asset benefits from a highly functional layout, including a two-car garage located beneath the building and additional driveway parking for up to two vehicles, a valuable amenity in the San Francisco rental market. The property has been updated over time and is well positioned for continued rental performance. The kitchens were remodeled and feature granite countertops, tile flooring, and updated finishes, while luxury vinyl plank flooring extends throughout the living areas of each unit. Tenants also enjoy access to a shared backyard space, enhancing the property's overall appeal. With 100% occupancy, updated interiors, ample parking, and outdoor space, 1243 47th Avenue offers investors a turnkey, income-producing asset with the potential for long-term appreciation and future rental growth.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$544 USD /SF

# OF UNITS

3

PRICE/UNIT

$641,667

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,006 SF

ZONING

R2, San Francisco

APN/PARCEL ID

1806-049

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.