Investment Overview

This prime offering at 2835 Anza Street, San Francisco, CA is offered for sale for the first time in almost two decades. The subject property is located just one-block south of bustling Geary Boulevard with an extensive grocery shopping, markets, restaurants, retailers, and commerce. The property is one-block to the north of further restaurants and cafés of Balboa Street and just three blocks to the outdoor tranquility of Golden Gate Park. The property and tenants benefit from a direct express bus line which provides convenient, quick, and easy transportation to the major job centers of downtown San Francisco just a few minutes away. The subject property sits on a 0.06-acre parcel, constructed circa 1924 (per property records), featuring wood frame with stucco siding, and a flat roof. The complex features charming units with great period detail, and all five-units have been renovated upon turnover. The in-demand unit mix consists of one, one-bedroom/one-bath apartment and four, two-bedroom/one-bath apartments which have a history of strong occupancy. The property is legally zoned as four-units such that a new buyer should qualify for residential financing and there is fifth bonus unit that has been rented since the current owner originally acquired the property. Units are separately metered for gas and electricity with individual hot water heaters. There is a two-car garage, one of which is currently occupied by a, and one rented to an off-site group for storage. The great location, easy public transportation, proximity to Golden Gate Park, Geary Blvd., and Balboa Avenue all make this offering a rare opportunity. Current registered as a fourplex this offering should qualify for superior 30-year fixed rate financing, sweeting the deal, while allowing a buyer to collect added income from the fifth non-conforming unit. The newer renovations of all units, separate meters, and hot water heaters, and low expenses further contribute to this offerings appeal.