217-221 Virginia Ave - Apartments FOR SALE


San Francisco, CA 94110
$3,223,000 USD
402-413-8527
217-221 Virginia Ave, San Francisco, CA for Sale
$3,223,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

217-221 Virginia Ave
San Francisco, CA 94110


HIGHLIGHTS

  • $400,000+ SPENT ON RENOVATION - All Units Completely Renovated. New 2BD/2BA ADU Completed 2023.
  • HISTORIC EDWARDIAN ARCHITECTURE - Building in Immaculate Condition. High Ceilings. Abundance of Natural Light.
  • HIGH-GROWTH SUBMARKET & DENSE POPULATION - Bernal Heights Is One of the Fastest Rising Areas in San Francisco. Average Household Income $271,300.
  • PRIME LOCATION FOR RENTERS - Nearby Access to I-280 and 101 Freeways. Walk Score®: 95 (Walker’s Paradise).
  • ENDURING ASSET - One of the Most Sought-After Neighborhoods. Limited Inventory. Lofty Upside.

OVERVIEW

Touchstone Commercial Partners proudly presents a stunning 7-unit Edwardian-style building in the highly desirable Bernal Heights District, one of San Francisco’s most rapidly rising neighborhoods. This multifamily property is a prime investment opportunity in an area with strong rental demand. The building is conveniently situated near I-280 and Highway 101, only a short commute from downtown San Francisco, and boasts an impressive Walk Score® of 95. The nearby BART station is just a 10-15-minute walk, providing easy access to public transit. The building is in immaculate condition, with all units fully renovated. Over $400,000 has been invested in recent renovations, including adding a brand-new 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) in 2023. Investors will appreciate the potential 15% upside in market rent increases, contributing to a pro forma cap rate of 6.74%, making this a highly attractive income-generating asset in one of the city's most sought-after locations.

FOR SALE DETAILS

PRICE

$3,223,000 USD

PRICE/SF

$658 USD /SF

# OF UNITS

7

PRICE/UNIT

$460,429

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bernal Heights / 7-Units / New ADU

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RH2, San Francisco

APN/PARCEL ID

5617-019

ASK ABOUT THIS PROPERTY

Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.