Well-Maintained 12-Unit Apartment Building

Highlights:

• 12 Units - All 1BR/1BA: Highly desirable, easy-to-rent unit mix
• Prime Location: Situated in the Jordan Park/Laurel Heights district
• Strong In-Place Income: Fully occupied with stable tenancy
• Value-Add Opportunity: Many units remodeled with additional income upside remaining
• 9,678 SF Building on 4,970 SF Lot
• Six Garage Parking Spaces
• Separate Utilities, Forced-Air Heat, Individual Storage
• Concrete Perimeter Foundation, Seismic Retrofit Completed
• On-Site Laundry (Owned Equipment)
• Well-Maintained 1951 Construction

Description:

Located on a quiet residential block in one of the city's most desirable rental neighborhoods, 89 Heather Avenue presents a rare opportunity to acquire a well-maintained 12-unit apartment building with significant income upside. Situated in the highly sought-after Jordan Park/Laurel Heights area of San Francisco, the property offers strong in-place cash flow combined with future rental growth potential.

Built in 1951, the three-story building consists of twelve spacious one-bedroom/one-bathroom apartments, all featuring identical floor plans with four well-proportioned rooms. Each unit includes individual gas forced-air heating and gas stoves, as well as hardwood floors throughout. Seven units have been remodeled, including updated electrical subpanels, while the remaining units retain original fuse-based electrical panels. The rear of the building has dual-pane windows, while the front maintains single-pane windows. Pillow test fire alarm sounders were completed approximately six years ago.

The building contains approximately 9,678 square feet and is separately metered for gas and electricity, with 200-amp service (fuses). A seismic retrofit has been completed with CFC issued, and the structure sits on a concrete perimeter foundation. Hot water is provided via a central boiler with a 115-gallon storage tank.

Amenities include a 6-car garage parking, with the main garage featuring a pass-through configuration allowing four parking spaces, along with dedicated sprinklered storage areas, and may present future ADU potential. The property also includes one owned laundry set generating approximately $200 per month in income.

With seven units already renovated and several others offering clear improvement potential, investors have the opportunity to capture meaningful rental upside while owning a well-located, structurally sound asset in one of San Francisco's most desirable rental submarkets.

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