$4,085,000

1650 Jones Street is a 14 unit building in San Francisco's Russian Hill. The property consists of 14 One-Bedroom apartments. These charming units have hardwood floors and receive great natural light. Some have downtown views. The building is in a quiet location that corners onto a cul de sac block of Broadway, yet it is still near all the conveniences of Nob Hill, Russian Hill, and North Beach. The property has been owned and operated by the same family for many years. Some of the recent improvements include a newer 400 Amp electrical service, double-pane windows, and a new fire alarm monitoring system and sleep alarms. Four units are currently vacant and two more are occupied by family members and may also be delivered vacant. The units are separately metered for gas and electricity, and tenants pay for their own heat, keeping operating expenses low. This is an excellent opportunity to reposition 14 units in a highly desirable location.