253 5th Ave - Apartments FOR SALE


San Francisco, CA 94118- Richmond District
$2,300,000 USD
415-505-0226
253 5th Ave, San Francisco, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/23
null | 4.29% Cap Rate

253 5th Ave
San Francisco, CA 94118
Richmond District


HIGHLIGHTS

  • Richmond District location near Golden Gate Park and Clement Street dining
  • Three spacious flats with flexible layouts and office nooks
  • Capital improvements including new roof, siding, and electrical upgrade
  • Detached structure on three sides with a generous backyard for outdoor space
  • Two remodeled units with washer/dryer hookups ready for immediate occupancy
  • Each unit separately metered for PG&E, enhancing utility efficiency

OVERVIEW

Nestled in the heart of San Francisco’s coveted Richmond District, 253-255 5th Avenue presents a rare opportunity to acquire a classic three-level triplex combining timeless architectural character with modern upgrades. This detached property, surrounded on three sides and featuring a generous backyard, offers exceptional flexibility for investors or owner-users seeking strong upside potential. The building comprises three spacious flats: a top-floor 3-bedroom unit currently occupied, and two remodeled 2-bedroom units with office nooks—both vacant and ready for immediate leasing. Each unit boasts period details such as crown molding, built-in shelving, and hardwood floors, complemented by contemporary improvements including a complete electrical upgrade, new roof, all-new siding, and a reinforced rear retaining wall. Washer and dryer hookups in the remodeled units add convenience for future tenants. Positioned between Clement Street and Golden Gate Park, the property benefits from a vibrant neighborhood atmosphere, renowned dining options, and seamless access to public transportation, retail, and everyday amenities. With a scheduled gross income of $162,264 and market rent projections reaching $234,000 annually, this asset offers compelling income growth potential. At a competitive price of $2,300,000 and a cap rate of 4.29%, investors can capitalize on San Francisco’s enduring demand for quality housing in prime locations. This triplex is more than a property—it’s a strategic investment in one of the city’s most desirable residential corridors.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$694 USD /SF

# OF UNITS

3

PRICE/UNIT

$766,667

CAP RATE

4.29%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RH3

APN/PARCEL ID

1428-011

ASK ABOUT THIS PROPERTY

Morgan ThomasEngel & VolkersMore Info
415-505-0226

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Morgan ThomasEngel & VolkersMore Info
415-505-0226

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