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Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,738 sqft
Price per Sqft $415
MLS Listing ID 421595970
Sold Date 10/29/21
Style Mid-Century
Bedrooms 8
HOA Y/N No
Year Built 1959
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
Amazing value! 13.5 GRM & $386/sq.ft. 4725 Irving is a 9 apartment building in the highly desirable Outer Sunset. Constructed in 1959, this property has much to offer the discerning investor. The property consists of eight 1bd apartments and one studio. The studio is a recently completed ADU. May be possible to add another ADU at the garage level, creating a great opportunity for a new owner to add value. The current owners owned the property for over 30 years and have maintained the building to a high standard. Recent improvements include a soft-story seismic retrofit, new fire alarm and sprinkler systems, installation of low-frequency sounders in 8 of the units, a new roof, and new exterior paint. Priced at only $289K/unit with over 45% upside in rents, and in immaculate condition, this is an incredible value. Don't miss this one!
Location
State CA
County San Francisco
Area Sf District 2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Exterior
Roof Type Asphalt
Total Parking Spaces 9
Building
Lot Description None
Architectural Style Mid-Century
New Construction Yes
Others
Tax ID 1803001B
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Rebecca Brooks
San Francisco Bay Area Team Leader | License ID: 1249870
San Francisco Bay Area Team Leader License ID: 1249870