2358 Jones St, San Francisco, CA 94133

Property Description

2358 Jones Street presents a compelling multifamily investment opportunity in San Francisco's highly desirable Russian Hill neighborhood. Originally constructed in 1917, this two-unit residential asset offers a well-maintained profile within one of the city 's most sought-after neighborhoods, providing future residents with convenient access to premier retail, dining, recreation, and lifestyle amenities. In-place rents of $8,100 per month ($97,200 annually) sit approximately 38% below the scheduled market rent of $13,000 per month, equating to gross potential rent of $156,000 annually. Supported by nation-leading rent growth, the asset offers significant upside through a mark-to- market to $6,500 per month per unit. Offered at $2,400,000 - equating to $1,200,000 per unit and $985 per square foot - the Property provides investors with an attractive basis and a clear path to stabilized cash flow. Strategically located in Russian Hill, 2358 Jones Street benefits from strong renter demand, surging year-over-year rent growth, and proximity to San Francisco's premier residential amenities. The combination of rents 38% below market, substantial mark-to-market upside, and an irreplaceable location creates an opportunity to acquire a high-quality residential asset with immediate stabilization and long-term appreciation potential.