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Listed by Arash Khalatbari • Extramile Property Management
$1,950,000
Est. payment /mo
2 Beds
4 Baths
3,881 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,881 sqft
Price per Sqft $502
MLS Listing ID 425043067
Bedrooms 2
Construction Status Updated/Remodeled,Original
HOA Y/N No
Year Built 1920
Lot Size 2,800 Sqft
Property Sub-Type Quadruplex
Property Description
FOR SALE: Renovated 4-Unit Multifamily | $1,950,000 | 7.33% Cap Rate Turn-key, fully occupied 4-unit income property in a prime, high-demand rental market. Generates $12,669/month or $152,028/year in gross income. Professionally managed (6% fee), with a Net Operating Income (NOI) of $142,906 and a strong 7.33% Cap Ratewell above area average. GRM is a competitive 12.82. All units have been recently upgraded with $100,000+ in renovations, including new kitchens, bathrooms, flooring, lighting, and major system updates, minimizing future capex. With a 20% down payment plus improvements ($490K cash in), the projected Cash-on-Cash Return is an impressive 29.16%, assuming modest leverage. Property offers off-street parking and tenant-friendly amenities. Ideal for both seasoned investors and first-time multifamily buyers. Stable income, low vacancy, upside in rents and appreciation. Perfect for 1031 exchange. Rare opportunity to acquire a modern, income-producing asset with minimal maintenance and excellent financials. Contact for full financials and private tour.
Location
State CA
County San Francisco
Area Sf District 10
Zoning RH1
Interior
Heating Varies by Unit, Central
Cooling None
Flooring Wood, Varies by Unit, Carpet
Exterior
Utilities Available Internet Available, City
Roof Type Shingle,Flat
Building
Foundation Concrete Perimeter
Water Public
Architectural Style Contemporary
Construction Status Updated/Remodeled,Original
Others
Special Listing Condition None
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