1454 S Van Ness Ave - Apartments FOR SALE


San Francisco, CA 94110- Mission
$4,400,000 USD
415-990-1051
1454 S Van Ness Ave, San Francisco, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/61
null | 5.08% Cap Rate

1454 S Van Ness Ave
San Francisco, CA 94110
Mission


HIGHLIGHTS

  • Over $1M invested in a full down-to-the-studs renovation: new 400-amp electrical, copper plumbing, roof, dual-pane windows/doors, interior renovations
  • Strong in-place income with $334,704 annual scheduled rent, plus tenant reimbursement for water, sewer, and trash
  • Luxury amenities, including a newly constructed furnished rooftop deck, vaulted ceilings, high-end kitchens, and in-unit laundry
  • Large 5,697 SF building featuring (2) 6-bed/4-bath units, (1) 3-bed/2-bath, and (2) 1-bed units—rare high-bedroom layouts ideal for tech tenants

OVERVIEW

Turnkey & extensively renovated 5,697 SqFt 4plex situated in the highly sought after Lower Haight. Located near AI & tech companies. (2) large 6-bed/4-bath units (1682 SqFt & 1434 SqFt w/ rents of $11,525 & $7,435/month), (1) 3-bed/2-bath unit (796 SqFt, $4,815/month), & (2) 1-bed/1-bath units (approx.. 427 SqFt each, $4,180 and $1,117/month). New luxurious furnished roof top deck. Each unit has a vaulted ceiling, large kitchen & living room, & washer/dryer. Multi-year renovation project started in 2019 - new electrical wiring & 400 amp service w/ new panels, gas, copper plumbing, siding, paint, roof, & hallway finishes. The unit interiors were fully renovated with new walls & ceilings, subfloors, plank flooring, LED lighting, dual pane windows & doors. High-end kitchens appointed with new quartz counters, cabinets, & appliances. Bathrooms have new vanities, bathtubs, showers, & plumbing fixtures. No expense spared. Rent levels are commensurate w/ newer construction properties. Tenants are high income & credit score professionals. No past due rents or tenant disputes. Tenants reimburse for water, sewer, trash. The best-in-class renovations, management ease, proximity to large tech employers, convenient location, and strong in-place income make 1454 S Van Ness Avenue a great opportunity for both the cash-flow and appreciation minded investor.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$772 USD /SF

# OF UNITS

5

PRICE/UNIT

$880,000

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RTO-MISSION

APN/PARCEL ID

6527-037

ASK ABOUT THIS PROPERTY

Joe LevyCompass CommercialMore Info
415-990-1051

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Joe LevyCompass CommercialMore Info
415-990-1051

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