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Listed by Gino V Franco Marcus & Millichap
$ 2,400,000
Est. payment | /mo
4 Beds
2 Baths
2,436 SqFt
$ 2,400,000
Est. payment | /mo
4 Beds
2 Baths
2,436 SqFt
Open House
Tue Sep 15, 9:00am - 11:00am
Thu Sep 17, 1:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,436 sqft
Price per Sqft $985
MLS Listing ID 426160706
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1917
Lot Size 1,624 Sqft
Acres 0.0373
Property Sub-Type Duplex
New Construction No
Property Description
2358 Jones Street presents a compelling multifamily investment opportunity in San Francisco's highly desirable Russian Hill neighborhood. Originally constructed in 1917, this two-unit residential asset offers a well-maintained profile within one of the city 's most sought-after neighborhoods, providing future residents with convenient access to premier retail, dining, recreation, and lifestyle amenities. In-place rents of $8,100 per month ($97,200 annually) sit approximately 38% below the scheduled market rent of $13,000 per month, equating to gross potential rent of $156,000 annually. Supported by nation-leading rent growth, the asset offers significant upside through a mark-to- market to $6,500 per month per unit. Offered at $2,400,000 - equating to $1,200,000 per unit and $985 per square foot - the Property provides investors with an attractive basis and a clear path to stabilized cash flow. Strategically located in Russian Hill, 2358 Jones Street benefits from strong renter demand, surging year-over-year rent growth, and proximity to San Francisco's premier residential amenities. The combination of rents 38% below market, substantial mark-to-market upside, and an irreplaceable location creates an opportunity to acquire a high-quality residential asset with immediate stabilization and long-term appreciation potential.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Exterior
Total Parking Spaces 1
Building
Lot Description Landscaped, Sidewalk
Story 2
Level or Stories Two
New Construction No
Others
Tax ID 0066018
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