Rare Investment Gem

  • $2,300,000
505-509 23rd Ave, San Francisco, CA 94121
  • Multi-Family
  • Property Type
  • 8
  • Bedrooms
  • 3
  • Bathrooms
  • 3867
  • sf
  • 1913
  • Year Built
For Sale
505-509 23rd Ave, San Francisco, CA 94121
  • $2,300,000

Overview

  • Multi-Family
  • Property Type
  • 8
  • Bedrooms
  • 3
  • Bathrooms
  • 3867
  • sf
  • 1913
  • Year Built

Description

Uncover a rare investment gem in Central Richmond! This triplex, ideally situated at the corner of Geary Blvd and 23rd Ave, presents a prime opportunity for capital improvements and lucrative returns. Featuring three levels, the first unit (509) with 2 bdrm/1 bath rents for $2,600/month. The second level houses two units (507 and 505), with 505 currently leased and 507 available. Embrace the potential for renovations, capitalize on rental income, and seize the live-work possibilities in this coveted location. Explore the possibilities, inquire now! Buyers are encouraged to conduct thorough investigations to ensure their satisfaction. Central Richmond (and its Inner and Outer counterparts) encompasses a large, flat span of San Francisco. The neighborhood is wonderfully diverse with many second and third generation families. Housing options are as varied and established; single-family homes, condos and multi-unit properties span the architectural spectrum from Victorian to mid-century. This property boasts tremendous financial potential. Currently, a 2-bedroom/1-bath unit commands around $3,500 per month in rent. By optimizing all three units to current market rates, the potential monthly income could soar to approximately $12,000

  • Address 505-509 23rd Ave, San Francisco, CA 94121
  • City San Francisco
  • State/county CA

Details

Updated on February 20, 2024 at 9:00 am
  • Price: $2,300,000
  • Property Size: 3867 sf
  • Bedrooms: 8
  • Bathrooms: 3
  • Year Built: 1913
  • Property Type: Multi-Family
  • Property Status: For Sale

Contact Information

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Andy Vong
  • Andy Vong

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Andy Vong
  • Andy Vong