483-497 22nd Ave 9 Unit Apartment Building $3,688,888 ($409,876/Unit) 4.12% Cap Rate San Francisco, CA 94121

483-497 22nd Avenue presents the opportunity to acquire a nine-unit multifamily property in San Francisco’s Outer Richmond/Central Richmond neighborhood. Situated on a prominent corner at 22nd Avenue and Anza Street, the property consists of two interconnected buildings surrounding a central courtyard and includes eight traditional apartment units plus one accessory dwelling unit. The asset benefits from completed soft-story seismic retrofit work, reducing future capital improvement obligations and providing added certainty for ownership.

The property is currently occupied by eight of nine residential units, creating a near-term value enhancement opportunity through lease-up of the vacant unit. The unit mix includes a combination of one-bedroom and two-bedroom residences, many featuring formal living and dining rooms that provide flexible layouts. Additional amenities include a substantial parking component with eight independent garages accommodating eleven vehicles, a feature that is increasingly difficult to find in urban San Francisco multifamily assets.

The location offers convenient access to Golden Gate Park, Ocean Beach, Lands End, the Presidio, neighborhood retail and dining corridors along Balboa Street and Geary Boulevard, and public transportation via the Geary corridor. These nearby amenities contribute to tenant demand while providing residents with access to recreation, services, and transportation throughout the city.

At the asking price of $3,688,888, the offering provides investors the opportunity to acquire a well-maintained asset with existing cash flow, a completed seismic compliance program, parking infrastructure, and future income growth potential through operational improvements and leasing activity.