89 Heather Ave - Multi-Family FOR SALE


San Francisco, CA 94118- Laurel Heights
$3,995,000 USD
415-794-6453
89 Heather Ave, San Francisco, CA for Sale
$3,995,000 USD
Multi-Family - FOR SALE
1/10
null | 5% Cap Rate

89 Heather Ave
San Francisco, CA 94118
Laurel Heights


OVERVIEW

Located on a quiet residential block in one of the city's most desirable rental neighborhoods, 89 Heather Avenue presents a rare opportunity to acquire a well-maintained 12-unit apartment building with significant income upside. Situated in the highly sought-after Jordan Park / Laurel Heights area of San Francisco, the property offers strong in-place cash flow combined with future rental growth potential. Built in 1951, the three-story building consists of twelve spacious one-bedroom / one-bathroom apartments, all featuring identical floor plans with four well-proportioned rooms. Each unit includes individual gas forced-air heating and gas stoves, as well as hardwood floors throughout. Seven units have been remodeled, including updated electrical subpanels, while the remaining units retain original fuse-based electrical panels. The rear of the building has dual-pane windows, while the front maintains single-pane windows. Pillow test fire alarm sounders were completed approximately six years ago. A seismic retrofit has been completed with CFC issued.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,917

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1041-012

ASK ABOUT THIS PROPERTY

Michael JohnstonEngel & VolkersMore Info
415-794-6453

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Michael JohnstonEngel & VolkersMore Info
415-794-6453

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