3621 20th Street

Offered at: $1,575,000

Sold for: $1,720,000

Main Features:

Four 1 bedroom, 1 Bathroom units
All 4 units tenant occupied
Garage with storage for each unit
Parking area in back of building
Fabulous central location in the Valencia Corridor
Coin operated washer and dryer
Unit 1 rent: $2,154
Unit 2 rent: $2,316
Unit 3 rent: $2,345
Unit 4 rent: $2,345
Built in 1962 per tax records
Structure: 2,926 Sq. Ft. per tax records
Lot: 2,874 Sq. Ft. per tax records

Well maintained four-unit apartment building in the heart of the Mission District’s Valencia Corridor. Fully occupied building with spacious one-bedroom units with assigned parking and lockable storage closet. Coin-operated/PayRange enabled washer and dryer for added income. Prime location near Dolores Park, trendy shops, restaurants, BART stations, and highways 101 and 280. Tenants are not protected per owner. Month-to-month leases offer flexibility, strong current income and upside in future rents makes this an ideal investment opportunity. Monthly rental income is $9225 while the cap rate is estimated at 4.54%.