2209 Van Ness Avenue

Highlights:

• VALUE-ADD POTENTIAL - This 18-unit asset offers significant upside through targeted renovations, such as modernizing units or upgrading common areas. It is currently used for student housing in association with the Academy of Art University.
• BELOW REPLACEMENT VALUE WITH LIMITED NEW BUILDS - The property is significantly below the cost to construct a comparable 18- unit building in Pacific Heights. Strict zoning and limited new construction in San Francisco creates scarcity for other similar assets/ competition.
• HIGH-TRAFFIC LOCATION - Situated on Van Ness Avenue’s bustling corridor, the property benefits from exceptional visibility and accessibility via Muni lines 49 and 90. Its 100/100 walk score, proximity to Polk Street’s vibrant dining and retail, and nearby Alta Plaza Park ensure strong tenant demand and retention.

Description:

Positioned on the iconic Van Ness Avenue corridor in the upscale Pacific Heights/Russian Hill neighborhood, 2209 Van Ness Avenue commands a prominent spot in one of San Francisco’s most desirable residential and cultural enclaves. This area boasts a perfect Walk Score of 100, with immediate proximity to boutique shops, upscale dining along Polk Street, and cultural landmarks like the San Francisco War Memorial and Performing Arts Center. Transit options abound, including Muni bus lines (47, 49, 24), the Van Ness Muni Metro station just blocks away, and easy access to the Golden Gate Bridge—making it a commuter’s dream while offering serene views of the bay and city skyline. This property includes 18 BD/ 7 BTH with multiple kitchens, rec rooms, offices, and a laundry room.

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