1-15 Russia Avenue

Description:

1–15 Russia Avenue is a well-maintained, 14-unit mixed-use building located in San Francisco’s dynamic Excelsior District, a neighborhood known for its authentic charm, cultural diversity, and long-term rental demand. Constructed in 1900 and encompassing approximately 11,189 square feet, the property consists of eight (8) one-bedroom units, four (4) studios, and two (2) street-front commercial spaces.

The residential units feature a mix of original and updated finishes, including wood flooring, gas stoves, built-in cabinetry, and abundant natural light. Several units have been renovated with refreshed kitchenettes and updated bathrooms. The building benefits from recent capital improvements to major systems, including a new roof and completed soft-story retrofit, making it a well-positioned, low-maintenance asset for long-term hold or value-add investment.

The property sits on a 4,175-square-foot lot zoned NC-3 and has undergone key capital upgrades, including a new modified bitumen roof (2023–2024) and completed soft-story retrofit work. Additional infrastructure includes separately metered gas and electricity, updated hot water systems, and a Fire Alarm Sleeping Room-compliant security system.

With current rents approximately 35% below market and a strong mix of stabilized income and upside potential, 1–15 Russia Avenue presents an attractive opportunity for investors seeking long-term cash flow and value-add upside. Located near major transportation corridors, tech shuttle routes, and walkable retail amenities, the asset is well-positioned to benefit from continued growth in one of the city's most established and transit-accessible residential neighborhoods.

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