Trophy Apartment Building 9 Spacious Flats | FOR SALE

Highlights:

• Presidio heights corner trophy apartment building
• Family owned for 3 generations
• Turnkey investment, with upside
• 9 spacious flats
• 4 flats delivered vacant
• Located in the Heart of Presidio Heights
• Detached courtyard property with abundant light
• Most leased flats at market rents
• Units have formal living & dining rooms
• Sacramento street’s shops & restaurants nearby
• 3 flats renovated to condo quality
• Unit upgrades available
• Large vacant storage units (unsprinkled)
• 1 car parking garage
• Completed soft story upgrade
• Low Expenses & Bank Rents
• Presidio National Park blocks away

Description:

Presidio Heights Trophy Apartment Building. Situated at the intersection of Spruce and Sacramento streets, this exquisite courtyard-style property captures the essence of the neighborhood’s grandeur, location, and rich history. Its allure makes it an ideal choice for seasoned investors seeking a long-term hold, while its inherent charm offers an exciting opportunity for value-add operators looking to further elevate its already impressive appeal.

Comprised of three floors, the building hosts nine spacious flats, each offering a generous layout. Most units have 3 bedrooms, formal dining and living rooms, large kitchens and pantries, as well as rear porches with washer and dryers. While several of the flats have undergone extensive renovations, most retain their Edwardian original charm.

A standout feature of this corner structure is its full detachment, which allows abundant natural light to flood into each unit, creating bright and inviting living spaces for all residents. Step outside, and you’ll find yourself in a picturesque courtyard, accentuated by graceful gingko trees lining Spruce Street.

Constructed in 1909, the property’s size is impressive at 12,705 square feet. Much of building systems were upgraded over the past decade: new roof, renovated stucco façade, rebuilt rear stairs and an extensive seismic upgrade. With 200 amps of electrical, the building may require an electrical upgrade.

Within close proximity lies the thriving shopping district of Sacramento Street, featuring an array of design shops, upscale boutiques, and renowned dining establishments. Merely a block away, you’ll find Laurel Village Shopping Center, a bustling hub featuring the well known Cal-Mart and Bryan’s grocery stores, charming cafes, hardware shops, banks, and delightful restaurants and cafes.

Cherished by the same family for three generation, this historic property offers a once-in-a-lifetime opportunity, attracting those in pursuit of a solid investment in San Francisco. Situated in a premier location, this stabilized asset is an alluring prospect for individuals seeking stability in their ventures. As a building steeped in rich history, it stands ready for a new chapter to be penned, and forward-thinking investors have the chance to leave their indelible mark on this extraordinary property.

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