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463 23rd Ave 4 Unit Apartment Building Offered at $1,975,000 at a 4.68% Cap Rate San Francisco, CA 94121
INVESTMENT HIGHLIGHTS
- Well Maintained & Managed
- Several Renovated Units
- Comfortable Rear Yard
- Large Open-Air Layouts
- 4-Car Parking + 4 Storage Units
- On-Site Laundry
EXECUTIVE SUMMARY
Situated in San Francisco's desirable Richmond District, 463 23rd Avenue is a classic and well-maintained 4-unit apartment building offering strong in-place income and upside potential. Each spacious unit features a large open-air layout, with several units recently renovated for modern comfort.
The property includes on-site parking and four private storage units, providing added convenience for tenants. Recent upgrades include exterior painting and electrical improvements, with banked rents and passthrough opportunities for investors. Ideally located near the Geary Boulevard and Clement Street commercial corridors, the building offers easy access to shopping, dining, and excellent transit options.
HIGHLIGHTS:
• Classic 4-Unit Richmond District Apartment House
• Units Leased at or Near Market Rate
• Well Maintained & Managed
• Several Renovated Units
• 4-Car Parking + 4 Storage Units
• Comfortable Rear Yard
• On-Site Laundry
• Banked Rents
• Recent Exterior Painting & Electrical Upgrade
• Passthrough Opportunities
• Excellent Transit Options Nearby
• Geary Blvd. & Clement St. Commercial Corridors Blocks Away
The property includes on-site parking and four private storage units, providing added convenience for tenants. Recent upgrades include exterior painting and electrical improvements, with banked rents and passthrough opportunities for investors. Ideally located near the Geary Boulevard and Clement Street commercial corridors, the building offers easy access to shopping, dining, and excellent transit options.
HIGHLIGHTS:
• Classic 4-Unit Richmond District Apartment House
• Units Leased at or Near Market Rate
• Well Maintained & Managed
• Several Renovated Units
• 4-Car Parking + 4 Storage Units
• Comfortable Rear Yard
• On-Site Laundry
• Banked Rents
• Recent Exterior Painting & Electrical Upgrade
• Passthrough Opportunities
• Excellent Transit Options Nearby
• Geary Blvd. & Clement St. Commercial Corridors Blocks Away
PROPERTY FACTS
| Price | $1,975,000 | No. Units | 4 |
| Price Per Unit | $493,750 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,890 SF |
| Cap Rate | 4.68% | No. Stories | 3 |
| Gross Rent Multiplier | 12.75 | Year Built | 1972 |
| Zoning | RM-1 | ||
| Price | $1,975,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| Gross Rent Multiplier | 12.75 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,890 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Zoning | RM-1 |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 1521-011 | Improvements Assessment | $250,014 |
| Land Assessment | $78,498 | Total Assessment | $332,992 |
PROPERTY TAXES
Parcel Number
1521-011
Land Assessment
$78,498
Improvements Assessment
$250,014
Total Assessment
$332,992
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