225 Irving St, San Francisco, CA 94122

Property Description

225 Irving Street is a 12-unit multifamily building in San Francisco's Inner Sunset neighborhood. Built in 1923, the property consists of 12 one-bedroom units. Each unit has a nearly identical floor plan, and includes hardwood floors, large closets, and 1920's character. It is fully occupied, with four garage parking spaces, coin laundry, and separately metered gas and electricity. Two garage spaces are to be delivered vacant. The building totals 9,168 square feet on a 5,000-square-foot lot. There is approximately 30% upside in the rents. This highly desirable location provides tenants with easy access to Irving Street shops, Cole Valley, and Golden Gate Park. It is adjacent to the $4 Billion renovation of the UCSF Parnassus Heights campus. Once completed, UCSF projects 4,000 new permanent jobs, which should drive demand and increase market rents. This is an excellent opportunity to acquire a well-maintained asset with strong growth potential.