497 22nd Ave, San Francisco, CA 94121

Property Description

Exceptional nine-unit multifamily investment opportunity in San Francisco's highly desirable Outer Richmond / Central Richmond neighborhood. Situated on a commanding corner at 22nd Avenue and Anza Street, this well-maintained property combines strong in-place income, meaningful upside, and a rare parking package in one of the city's most livable residential districts. The asset consists of two buildings joined by a common wall on a single corner lot, delivering nine residential units - eight traditional apartments plus one ADU. Soft-story seismic retrofit work has been fully designed and completed, removing a major capital-expenditure uncertainty for the next owner. The building is extremely well maintained, with many new windows replaced on the north and west elevations. All non-ADU units are notably large and feature formal living rooms and formal dining rooms - each with independent access from a common hall allowing the formal dining rooms to serve as an optional additional bedroom providing flexibility for tenants and future rent growth. A true standout is the parking inventory: eight independent garages providing eleven spaces three 2-car tandem garages and five single-car garages. This ratio is highly attractive in a neighborhood where on-street parking is constrained and supports both tenant retention and rental premiums. Location is a core strength. The property sits on a quiet residential corner steps from Golden Gate Park, with Ocean Beach, the Presidio, Lands End, and major transit corridors nearby. Geary Boulevard's 38/38R Muni Rapid lines provide frequent service to downtown, while Balboa Street, Clement Street and Geary Blvd offer everyday shopping, dining, and other conveniently located services.