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[ID] => 70688
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[post_date] => 2018-11-30 20:41:51
[post_date_gmt] => 2018-11-30 20:41:51
[post_content] => Found on the far south side of San Francisco, Visitacion Valley slopes steeply down. From the heights of the valley in its northeast corner, ramble down to bay level where San Francisco ends and Daly City begins. Homes in the northeast heights offer some soaring southern views.
[post_title] => Visitacion Valley
[post_excerpt] =>
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[post_modified] => 2024-04-11 11:09:58
[post_modified_gmt] => 2024-04-11 18:09:58
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[guid] => http://jacksonfuller.com/?post_type=community&p=70688
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ffd_listing_title, 514 Visitacion 520 Avenue, San Francisco, CA, 94134
ffd_mls_id, 423919766
ffd_salesforce_id, a0EUd000000vkCbMAI
num_of_rooms__c, 12
of_units__c, 5
address2__c, 514 Visitacion 520 Avenue, San Francisco, CA, 94134
pba__address_pb__c, 514 Visitacion 520 Avenue, San Francisco, CA, 94134
agent_only_remarks__c, *Property Subject to Tenants Rights. Do Not Disturb Occupants! No sign or lockbox installed at property. PLEASE contact Agent with questions and/or more information. Cap 4.1% GRM 16.5%. Studio Apt pays $905 monthly rent. Showings will be conducted only with a submitted contingent offer or Buyer letter of intent attached with verification of POF. Tenant in unit 518 has Section 8 assistance. Approved ADU plans on SFDBI website. No permits yet. Seismic completed. New Roof 2019. Pre-escrow at Old Republic Title with Bonnie Hugh - 2566 Ocean Ave SF. Bring your Best Offer-Inspections OK! Seller Reserves the Right to accept, reject & counter any offers.
appliances__c, Free Standing Gas Range;Free Standing Refrigerator
architectural_style__c, Contemporary;Art Deco
pba__fullbathrooms_pb__c, 0
pba__bedrooms_pb__c, 4
year_build_text__c, 1927
pba__city_pb__c, San Francisco
pba__contingentdate__c, 1800-01-01
cooling__c, None
ffd_createddate, 2024-01-25T11:50:02.000+0000
days_on_market__c, 42
dom__c, 42
ffd_description_pb, 514-520 Visitacion Avenue is a classic 1927 detached Art Deco 5+ unit building consisting of (4) spacious one bedroom & one bath apartments + a studio apartment at street level. Currently each apartment is tenant occupied (three longer term and two newly leased). There are a pair of individual attached garages that may accommodate parking on each side at the front. Additionally, submitted architectural plans are awaiting full approval from the SF Department of Building Inspections to construct an ADU (1 bed + 1 bath) in one of the garages below. Earning over $100k gross rental income with minimal expenses (tenants pay PG&E + Recology) these 5 apartments yield a 4.1% cap rate. The Seismic retrofit compliance repairs have been completed and a new roof was installed in 2019. Each apartment provides natural light, wood and tiled floors, large living rooms which include a Murphy Bed in the closet + fireplace, and upgraded kitchens & baths, with the possibility to include an in-unit laundry set up. There is also a large shared concrete yard in the rear that could be reconfigured. Lots of upside potential to upgrade this classic SF investment to 6 or more units. Seller says bring offer!
514 Visitacion 520 Avenue, San Francisco, CA, 94134 - Property Description
514-520 Visitacion Avenue is a classic 1927 detached Art Deco 5+ unit building consisting of (4) spacious one bedroom & one bath apartments + a studio apartment at street level. Currently each apartment is tenant occupied (three longer term and two newly leased). There are a pair of individual attached garages that may accommodate parking on each side at the front. Additionally, submitted architectural plans are awaiting full approval from the SF Department of Building Inspections to construct an ADU (1 bed + 1 bath) in one of the garages below. Earning over $100k gross rental income with minimal expenses (tenants pay PG&E + Recology) these 5 apartments yield a 4.1% cap rate. The Seismic retrofit compliance repairs have been completed and a new roof was installed in 2019. Each apartment provides natural light, wood and tiled floors, large living rooms which include a Murphy Bed in the closet + fireplace, and upgraded kitchens & baths, with the possibility to include an in-unit laundry set up. There is also a large shared concrete yard in the rear that could be reconfigured. Lots of upside potential to upgrade this classic SF investment to 6 or more units. Seller says bring offer!
