1215-1217 3rd Ave, San Francisco, CA 94122
This classic 1908 Edwardian fourplex offers a solid investment opportunity with projected ~5% cap rate in prime Inner Sunset location. The property comprises three updated 1-bedroom units and one junior 1-bedroom/studio paying solid rents, all featuring 12-foot ceilings, gorgeous natural light, grand scale and beautiful period details including arched doorways, brick fireplaces, built-in cabinetry, bay windows, and hardwood floors. 2-3 car garage (1-2 will be delivered vacant) with upside potential. Three tenant occupied and one vacant unit for owner investor or as a rental potential. Three units were updated in the last five years and one is occupied by a long-term tenant. This property is Ideally positioned between the Golden Gate Park and the UCSF Medical Center undergoing the $4.3 billion Parnassus Heights Expansion. With this 15-story world-class facility UCSF will remain a leader in biomedical research, health sciences, education, and care. Residents also enjoy the proximity to world-class museums, easy access to Irving Street’s cafés, shops, and restaurants, as well as the N-Judah Muni line for a quick commute to the Financial District or Ocean Beach.
Additional features include:
3,250sf2 of living space and 2,375sf2 lot
2-3-car garage parking (1-2 spots will be delivered vacant)
Sizable storage Room
Shared rear garden
Coin laundry in the garage
The 2025 Rent Roll:
Unit 1: $2,685/month rent (tenant is moving out. Will be delivered vacant by COE)
Unit 2: $1,918/month (4/06-4/07 lease)
Unit 3: $1,978/month (5/24-5/25 lease)
Unit 4: $2,833/month (4/21-5/22 lease)
Gross Annual Income: ~$116,568 ($112,968 rent + ~$3,600 parking upside ($150 x 12 x 2 spots))
Operating Expenses: ~$30,000 (including taxes and insurance)
Net Income: $86,568
4.8% Cap Rate
*The seller and the broker have not and will not verify this info. Buyer to investigate to full satisfaction.
Studio
3,250 Sq.Ft. LIVING AREA
2,375 Sq.Ft. lot