324 Susie Way - Apartments FOR SALE


South San Francisco, CA 94080- Sunshine Gardens
$1,795,000 USD
650-208-6518
324 Susie Way, South San Francisco, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

324 Susie Way
South San Francisco, CA 94080
Sunshine Gardens


HIGHLIGHTS

  • Four townhouse-style units, each featuring two bedrooms and one-and-a-half baths.
  • More than $50,000 in recent capital improvements, including a new roof and exterior paint.
  • Four garage spaces provide dedicated parking for residents.
  • SB 721 compliant with recent property upgrades completed.

OVERVIEW

This four-unit multifamily property offers investors the opportunity to acquire a well-maintained asset in a highly accessible Peninsula location. The property consists of four spacious townhouse-style residences, each featuring two bedrooms and one-and-a-half baths, providing an attractive housing option for a broad range of tenants. The practical unit configuration, combined with dedicated garage parking, supports long-term tenant appeal and operational efficiency. Ownership has completed more than $50,000 in recent capital improvements, including a new roof, exterior paint, partial exterior stucco work, interior carpeting, and garage door upgrades. These improvements contribute to the property's condition while helping reduce near-term maintenance requirements. The property is also SB 721 compliant, providing added confidence regarding balcony and exterior elevated element requirements. Positioned within the Peninsula, the asset benefits from convenient access to Caltrain, SamTrans, and major freeway corridors, allowing residents to commute efficiently throughout the Bay Area. The location's connectivity supports continued rental demand and broadens the property's appeal to working professionals seeking access to major employment centers. In addition to its transportation advantages, the surrounding area provides access to neighborhood services, retail destinations, dining options, and everyday conveniences. The combination of recent capital improvements, desirable townhouse-style layouts, dedicated parking, and strong regional accessibility creates a compelling investment opportunity. With existing operations that are straightforward to manage and lease, the property also presents potential upside through future rental income growth, making it suitable for investors seeking both current stability and long-term value creation.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,354 SF

ZONING

R30000

APN/PARCEL ID

011-262-300

ASK ABOUT THIS PROPERTY

Jonathan BrittonW. J. Britton & Co.More Info
650-208-6518

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Jonathan BrittonW. J. Britton & Co.More Info
650-208-6518

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