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695 48th Ave 6 Unit Apartment Building $2,350,000 ($391,667/Unit) San Francisco, CA 94121
EXECUTIVE SUMMARY
Ocean Beach Boutique Building Meets Outer Richmond Investment Potential! Discover a Rare Opportunity to Acquire a Boutique 6-unit Apartment Building Just 1 Block From Ocean Beach and Steps to Sutro Heights Park, Lands End Hiking Trails, Golden Gate Park is 2 Blocks Away, and Safeway is One Block Away. Enjoy Miles of Coastline, Breathtaking Sunsets, and Some of San Francisco's Best Hiking and Outdoor Recreation. This Coastal Location Offers Prime Lifestyle Appeal, Cafes, Restaurants, Public Transportation, and Strong Tenant Demand. 695 48th Avenue at Balboa Street Offers Six One-Bedroom, One-Bath Units, all Fully Occupied with Updated Kitchens. Amenities Include Six Parking Spaces and Six Private Storage Units, Secured in an Attached Garage with Convenient Interior Access. Recent Capital Improvements Provide Peace of Mind: Seismic Retrofit (2016), new NFPA72-Compliant Fire Alarm System (2025), and Fresh Exterior Paint (2025). This Well-Maintained Ocean Beach Property Offers Dependable Tenants, Excellent Income, and Clear Upside Potential. A Rare Chance to Acquire a Stabilized, Income-Producing Coastal Asset in one of San Francisco's Most Desirable Beachside Neighborhoods for Investors Seeking Security, Growth, and Long-Term Value.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,350,000 | Building Class | C |
| Price Per Unit | $391,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,580 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM1 | ||
| Price | $2,350,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,580 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | RM1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 1591-014 | Improvements Assessment | $337,150 |
| Land Assessment | $169,825 | Total Assessment | $507,091 |
PROPERTY TAXES
Parcel Number
1591-014
Land Assessment
$169,825
Improvements Assessment
$337,150
Total Assessment
$507,091
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695 48th Ave
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