Marcus & Millichap has been selected to exclusively market for sale 310 Otsego Avenue, a 7-unit mixed use building, centrally located in San Francisco's Cayuga Terrace neighborhood.
Situated on one parcel totaling .09 acres of land, the subject property was originally constructed in 1966 and has a gross livable area of 6,629 total square feet. 310 Otsego Avenue offers an attractive unit mix consisting of (4) four, residential units and (3) three ground floor retail units. The spacious residential units consist of (1) one, four-bedroom/three-bathroom unit and (3) three, one-bedroom/one-bathroom units.
Cayuga Terrace neighborhood is widely known to be considerably more sunny than the rest of San Francisco throughout the year. 310 Otsego is located in a central location within minutes from Balboa Park, Ocean Avenue Light rail Station, BART, and City College of San Francisco. 310 Otsego is in close proximity to Interstate 280 allowing tenants quick access to both Downtown San Francisco and The Peninsula.
In addition, 310 Otsego Avenue is also located within a qualified opportunity zone with potential tax advantages.
The investment appeal of this asset is driven by San Francisco's strong employment fundamentals and low vacancy levels. With a central San Francisco, Bay Area location, 310 Otsego Avenue presents an attractive choice for renters due to its close proximity to major employers, accessibility to public transportation, and variety of dining and entertainment options.
*For additional information contact Gabriel Manzanares
Phone: (650) 391-1831
Email: Gabriel.Manzanares@marcusmillichap.com
