221 San Jose Avenue

Mission District
Property Highlights:
  • Pride of Ownership
  • Highly Desirable Rental Location
  • Well Maintained Property
  • Soft-Story & Seismic Upgrades
  • 3 Newly Built ADUs
  • Separately Metered Units
  • 5.04% Cap Rate

What this property offers

Selling Price: $2,998,800
Size: +/- 5,586 Sq. Ft.

Parcel:               2,475 Sq. Ft.

Year Built:         1925

Units:                 9

Unit Mix:            6 One-Bedrooms & 3 Studios

221 San Jose Avenue is a well maintained 9-unit, multifamily property. Originally 6-units, 3 newly built ADUs increase building size to +/-5,586 square foot. The property is located on a quiet, tree-lined street just steps from the 24th Street and Valencia Street corridor. Easy walk to 24th Street BART and many tech shuttles on 25th Street. Walker’s paradise with easy access to Noe Valley, Bernal Heights, Valencia corridor, and Dolores Park.

221 San Jose Avenue is comprised of six 1-Bedroom 1-Bath units and three newly built studios. The studios have been beautifully appointed and will be delivered vacant at close of escrow. The six 1-bedrooms are well maintained, many recently updated, and all fully leased. The minute you walk into the property you will notice the pride of ownership. The building is very well taken care of, with a mix of classic features and modern upgrades. Foundation was redone to meet the requirements for soft story program, with seismic upgrades including moment frames. New sewer line and upgrades to plumbing and electrical systems.

This income opportunity provides a savvy investor with immediate upside in a high demand rental area.