California > The Mission > 1114 Valencia 1118, San Francisco, CA, 94110

1114 Valencia 1118

San Francisco, CA

The Mission
SOLD FOR$2,200,000ON 05/17/2019 for 89% of the list price $2,485,000
  • 3 UnitType
  • 3# of Units
  • 5,096Interior Area
  • 0Parking

PROPERTY DESCRIPTION

Expansive 3-unit mixed-use building on bustling Valencia St. between 22nd and 23rd. It is comprised of (1) 7-room flat (5bd/2ba), (1) 6-room flat (4bd/1ba) and (1) street level commercial space. 1116, the 7-room flat, features a master bedroom w/ en suite bathroom and was updated with new flooring, counters, cabinets, appliances and windows. Both flats (1116 & 1118) feature ornamental fireplaces, curved bay windows, enclosed porches, in-unit laundry connections, and ample storage. The commercial space, currently used as a food manufacturing facility for Lucca Ravioli Co. is significantly underutilized and offers tremendous opportunity for an adaptive re-use project with a number of possible configurations and uses. Property has dual frontage on Valencia and San Jose. There is astounding 109% upside in residential rents offering savvy investors more than one way to significantly increase cashflows and property value.

Property Type 3 Unit
Days on Market 112
MLS (Closed) 480678
Interior Area 5,096
Year Built 1907

PROPERTY LOCATION

Listing Courtesy of: Jordan Geller, Broker, Jordan Geller, J.B. Williams, Broker, Jeffrey B. Williams

Buyer represented by Louis Cornejo at Urban Group Real Estate

Disclaimer

MLS listing information is deemed reliable but is not guaranteed by the service.