Investment Overview

This offering consists of a twelve-unit apartment community, situated in the desirable NOPA neighborhood, in San Francisco, California. Tenants benefit from a fantastic location just three-blocks from Alamo Square and six-blocks from Buena Vista Park and the Haigh Ashbury neighborhood. The current owners have enjoyed continuous ownership for nearly five decades and the property has undergone many improvements in the last few years including a new roof, earthquake retrofit, addition of onsite laundry, and interior unit renovation upon turnover. The property is fully occupied, with the exception of one unit which is being kept vacant in order to show to prospective buyers. The property sits on a 0.11-acre parcel with a gated security entrance, was built circa 1909 (per property records), is of wood frame construction, with a flat roof, grand interior hallways, high-end period woodwork, and ornate windows and finishes. The unit mix consist of two, one-bedroom/one-bath layouts, and ten, two-bedroom-one bath layouts. The ground floor contains four large storage areas which are currently used by the owner and offers additional income for a new buyer through rental. To the rear of the parcel is a garden area, with onsite laundry consisting of two washers and two dryers. The subject property is separately metered for PG&E and owner pays for common area gas & electric, trash, and sewer water.