$1,800,000
2500 Pine Street is an exceptionally located (4) four unit multifamily investment opportunity in the heart of San Francisco's Lower Pacific Heights neighborhood, one of the city's most dynamic, transit-rich, and amenity filled neighborhoods. Constructed in 1900, the building is approximately 2,648 square feet and features four (4) one-bedroom/one-bath units. The building has four (4) car parking. Each unit has views facing south. One of the units and corresponding parking is currently vacant. The property has been professionally managed for over 20 years. The property is separately metered for gas and electricity. Additional building features include a secure entry system, vinyl windows in the units on the Pine Street side, and low expense projected at 31% of projected rents. Recent upgrades include electrical and water hookup for a new owner to add laundry service for the building. The building has not completed compliance with the San Francisco Fire Alarm Sleeping Room ordinance. Ideally located along Pine Street, the building places residents steps from a core retail corridor on California Street, Fillmore Street, and Japan Town. The property is also minutes from public transportation options - including Muni, BART and numerous tech shuttle routes - providing excellent connectivity to the broader Bay Area. Nearby neighborhood attractions include the magnificent St. Dominic's Catholic Church, Alta Plaza Park, Excellent Schools, and some of the city's best restaurants, grocery stores and nightlife options. With significant rental upside - estimated at 35% upside based on current proforma rents versus market rents - 2500 Pine offers a compelling opportunity for investors seeking long-term value creation in a central and highly accessible San Francisco location. The combination of strong in-place income, a vacant unit, future growth potential, and an irreplaceable Lower Pacific Heights address positions this property as a standout acquisition in today's multifamily market.
4
Beds
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1
Baths
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426158458
MLS
2500 Pine Street, San Francisco