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Key Details
Sold Price $2,311,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,330 sqft
Price per Sqft $365
MLS Listing ID 425007191
Sold Date 05/27/25
Bedrooms 6
HOA Y/N No
Year Built 1906
Lot Size 5,588 Sqft
Acres 0.1283
Property Sub-Type Multi Family
Property Description
2255-2259 San Jose Avenue is a standout mixed-use property offering a rare combination of stability, growth potential, and future development opportunities. Situated on a large 5,588 sq. ft. lot (35' x 168'), this 9-unit building features 8 fully occupied residential units and 1 commercial unit, making it a solid investment for cash-flow-oriented buyers. The commercial space is leased to Crazy Pepper, a well-established restaurant that just signed a brand-new 5-year lease with additional options to extend. This long-term commitment, combined with built-in annual rent increases, ensures stable cash flow and consistent revenue growth. Meanwhile, the fully occupied residential units tap into San Francisco's high rental demand, making this property a true income-generating asset with strong upside potential. Prime Commuter-Friendly Location: Conveniently located just steps from Balboa Park BART Station, connecting residents to downtown San Francisco, Oakland, and the greater Bay Area. Multiple Muni lines within walking distance, making travel across the city quick and hassle-free. Easy access to Interstate 280 and Highway 101, allowing seamless commutes to Silicon Valley, the Peninsula, and beyond.
Location
State CA
County San Francisco
Area Sf District 3
Interior
Fireplace No
Building
Lot Description None
New Construction No
Others
Tax ID 6964007
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Rebecca Brooks
San Francisco Bay Area Team Leader/Broker Associate | License ID: 1249870
San Francisco Bay Area Team Leader/Broker Associate License ID: 1249870