Investment Overview

1243 47th Avenue presents an attractive investment opportunity in San Francisco, offering a fully occupied two-unit multifamily property (plus non-conforming 1bed-1bath)with stable in-place income and strong tenant demand. The oversized floorplans make this offering ideal for an owner user move-in, at a fraction of the cost of non-conforming bonus unit of 1bed/1bath (originally part of middle, second floor, unit). Built circa 1974, the property consists of two spacious three-bedroom, two-bathroom units and one nonconforming one-bedroom, one-bathroom unit, creating a desirable unit mix that appeals to a broad tenant base. The asset benefits from a highly functional layout, including a two-car garage located beneath the building and additional driveway parking for up to two vehicles, a valuable amenity in the San Francisco rental market. The property has been updated over time and is well-positioned for continued rental performance. The kitchens were remodeled and feature granite countertops, tile flooring, and updated finishes, while luxury vinyl plank flooring extends throughout the living areas of each unit. Tenants also enjoy access to a shared backyard space, enhancing the property's overall appeal. With 100% occupancy, updated interiors, ample parking, and outdoor space, 1243 47th Street offers investors a turnkey income producing asset with the potential for long-term appreciation and future rental growth.