1133 Webster St 4 Unit Apartment Building $1,750,000 ($437,500/Unit) 6.32% Cap Rate San Francisco, CA 94115

At 1133 Webster Street, the architectural and financial details tell the story. This classic Marina-style four-unit building has been thoughtfully maintained and improved over the years. The spacious 775 square foot, four room, one-bedroom apartments, with formal dining rooms that include handcrafted built-in cabinets and shelving, bay windows, ceiling and base moldings, inlaid hardwood floors, and four-closet layouts, reflect a bygone era when homes were built with high-quality materials, by experienced artisans, and craftsmen that took immense pride in the finished product. The apartments have been continually updated by the current owner, with several featuring renovated kitchens. More recent improvements to the property include the replacement of the sewer lateral and the installation of a pair of new coin and card operated commercial-grade washer and dryer, for the convenience of the building occupants. In addition to the building's formal entry foyer, and the newly installed laundry facility, the lower level consists of a large garage (with two leased parking spaces), a secure owner's equipment closet, and direct access to a delightful west-facing common patio and garden area, which invites the building occupants to soak up the warm afternoon sunlight. Just south of Lower Pacific Heights and Japantown, and a bit west of the ever-popular Hayes Valley and Lower Fillmore Jazz and Arts District, 1133 Webster Street is in the immediate vicinity of many of San Francisco's best dining, entertainment, and shopping destinations, while also being on a wide, tree-lined residential boulevard, with a well-manicured and verdant center island. The building's location, amenities, era of construction, overall condition, strong rental income, and tenant profile, make it one of the finest investment properties available in San Francisco for under $2,000,000. And the delivery of a vacant apartment only adds to the value and flexibility of the asset for a new owner the quiet west facing vacant apartment overlooking the garden is ready to be leased at market rate or occupied by an owner or family member. 1133 Webster Street has been well loved and well managed by its current owner for decades, thus providing its next steward with a solid foundation on which to continue to build equity and true pride of ownership.