Cash-Cow Duplex in Oceanview, SF
Own an iconic San Francisco Victorian or take advantage of its exciting income-producing potential. Either way, it’s a fabulous opportunity to jump in and get a piece of San Francisco real estate.
Located in the heart of the thriving Oceanview neighborhood with a perfect suburban/urban vibe and fabulous walk and transit scores, this charming duplex at 65 Broad Street features about 2,750 square feet of living space and was built in the early 1900s with separate entries to two spacious units.
The upper unit showcases three large bedrooms and one updated bathroom, a living room, and an updated eat-in kitchen.
The lower unit, currently generating a rental incoming of around $3,114/month, features two bedrooms and one updated bathroom, and an updated kitchen.
An exciting investment prospect, the entire duplex has the potential of generating more than $7,500 in monthly rental income.
Four large rooms on the basement level, currently used for storage, present further opportunities to develop.
Both units have large southfacing decks overlooking a shared and expansive backyard with garden beds, a patio, and ideal space for entertaining and gathering with family and friends.
Fabulous walk and transit scores also add to the appeal of this property. It is near the Muni line and close to Highway 280 for convenient access into downtown San Francisco and the Peninsula. About two miles to the Stonestown Galleria Mall and San Francisco State University campus, it is also less than two miles to City College. Restaurants, coffee shops, and parks are also nearby, and several parks are within a five-mile radius.
High ceilings, crown molding, wide baseboards, decorative millwork, hardwood floors, and a light-filled interior are featured throughout the two units. Both kitchens and bathrooms have also been updated.
An updated bathroom in the upper unit features a new tile floor, wainscot, a skylight, and a tub/shower combination. A spacious eat-in kitchen has access to the deck and features a granite counter and backsplash, a Samsung range, a wine refrigerator, and a laundry niche with a washer and dryer included. A garden window over the sink and a picture window invite lots of natural light into this room.
The living room in the upper unit has a front-facing bay window and a carved mantel with ideal space for an electric fireplace insert. This room can also be used as a fourth bedroom. Additional features include generous closet space and sliding mirrored closet doors.
Price: $1,295,000
Where: 65 Broad Street, San Francisco
Website: http://www.65-67 broad.com/
Shown by appointment Listing agent: Intero. James Shin, DRE#01358693, 415-579-6327, JamesShinSF@ gmail.com, www.James ShinSF.com