Active

Private Address

$1,595,000


$453.13 per sqft

Active

4 Beds

4 Baths

3,520 sqft

Multi-family

Built in 1927

514-520 Visitacion Avenue is a classic 1927 detached Art Deco 5+ unit building consisting of (4) spacious one bedroom & one bath apartments + a studio apartment at street level. Currently each apartment is tenant occupied (three longer term and two newly leased). There are a pair of individual attached garages that may accommodate parking on each side at the front. Additionally, submitted architectural plans are awaiting full approval from the SF Department of Building Inspections to construct an ADU (1 bed + 1 bath) in one of the garages below. Earning over $100k gross rental income with minimal expenses (tenants pay PG&E + Recology) these 5 apartments yield a 4.1% cap rate. The Seismic retrofit compliance repairs have been completed and a new roof was installed in 2019. Each apartment provides natural light, wood and tiled floors, large living rooms which include a Murphy Bed in the closet + fireplace, and upgraded kitchens & baths, with the possibility to include an in-unit laundry set up. There is also a large shared concrete yard in the rear that could be reconfigured. Lots of upside potential to upgrade this classic SF investment to 6 or more units. Seller says bring offer!

423919766

MLS ID

October 27, 2023

Listed

April 23, 2024

Updated

Map

Private Address

Interior Features

Total Stories

3


Bedrooms

4 Beds


Bathrooms

4 Baths


Appliances

Free-Standing Gas Range, Free-Standing Refrigerator


Floor Description

Laminate, Tile, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.08 Acres


Exterior Features

Yard Space


Lot Features

Shape Regular


Architectual Style

Art Deco, Contemporary


Roof

Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

SF District 10


Garage

Yes


Parking

Attached, Garage


Parking Total

2


View

No


County

San Francisco


Water Source

Public


Pool

No

Listing History

Date

Event

Price

3/7/2024

Price Change

$1,595,000

-6%

Listed by Matthew T Hilzendrager with Corcoran Icon Properties

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 4/23/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor OUTPOST shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:19 PM UTC, 4/23/2024

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