Multifamily

459 24th Ave

Listing Price: $1,980,000

Cap Rate
4.06%
Number of Units
3
GRM
18.33
Occupancy
98.50%
Price/Unit
$660,000
Price/Gross SF
$618.75
Gross SF
3,200

Investment Overview

Marcus & Millichap is pleased to present for sale the single family home located at 459 24th Avenue in San Francisco. The subject property situated in a desirable location in the Central Richmond neighborhood. The subject property is situated in a desirable location near Golden Gate Park, Sea Cliff, and the University of San Francisco, with excellent access to public transportation. Residents of the property will have a great selection of local restaurants, all within walking distance.
459 24th Avenue is a 3,200 square feet building sitting on a 2,996 square feet lot. The ground floor holds 2 one bedroom in-law units and 1 garage space. The 2nd floor is occupied by the Six bed 2.5 bath single family home. This building has a comfortable layout with great natural light lighting. The entire building will be delivered vacant. APN is 1456-010. Zoning is RM1.

The subject property presents a great investment opportunity for investors seeking value add and upside potential to maximize its value. RM1 zoning and 40 ft height limit may allow investors to add additional floors and units on this lot. Please consult with you architect and contractor for professional advice.

Investment Highlights

  • Fantastic Central Richmond Neighborhood
  • Huge 1700 SqFt Flat
  • 2 One Bedroom In-Law Units
  • One Garage Space
  • Entire Building to be Delivered Vacant
  • High Redevelopment Potential with RM 1 Multi-family Zoning

Exclusively Listed By

Listing Price: $1,980,000

Cap Rate
4.06%
Number of Units
3
GRM
18.33
Occupancy
98.50%
Price/Unit
$660,000
Price/Gross SF
$618.75
Gross SF
3,200

Investment Highlights

  • Fantastic Central Richmond Neighborhood
  • Huge 1700 SqFt Flat
  • 2 One Bedroom In-Law Units
  • One Garage Space
  • Entire Building to be Delivered Vacant
  • High Redevelopment Potential with RM 1 Multi-family Zoning

Investment Overview

Marcus & Millichap is pleased to present for sale the single family home located at 459 24th Avenue in San Francisco. The subject property situated in a desirable location in the Central Richmond neighborhood. The subject property is situated in a desirable location near Golden Gate Park, Sea Cliff, and the University of San Francisco, with excellent access to public transportation. Residents of the property will have a great selection of local restaurants, all within walking distance.
459 24th Avenue is a 3,200 square feet building sitting on a 2,996 square feet lot. The ground floor holds 2 one bedroom in-law units and 1 garage space. The 2nd floor is occupied by the Six bed 2.5 bath single family home. This building has a comfortable layout with great natural light lighting. The entire building will be delivered vacant. APN is 1456-010. Zoning is RM1.

The subject property presents a great investment opportunity for investors seeking value add and upside potential to maximize its value. RM1 zoning and 40 ft height limit may allow investors to add additional floors and units on this lot. Please consult with you architect and contractor for professional advice.

Exclusively Listed By

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