About 31 Joice Street
Classic 4-unit building featuring four nearly identical studio apartments, with 3 units to be delivered vacant. Located in the desirable Downtown-Nob Hill neighborhood, this property offers easy access to the vibrant SF lifestyle, with restaurants, businesses, shops, hotels, music venues, at your doorstep. The California St cable car and public transit provide convenient access to the Financial District & Union Square. Ideal for a savvy investor, 1031 exchange buyer, or a first-time buyers looking to live in one unit while renting out the others. Built in 1916, this Edwardian building has excellent street presence and period details, incl hardwood floors, high ceilings, & classic architectural elements. The 3-story building includes sensible, studio floorplans, with 3 units featuring updates & currently used as Airbnb rentals. The seller is open to selling furnishings separately if the buyer wishes to continue the short-term rentals. The 4th unit is tenant-occupied. An undeveloped full basement may offer potential ADU expansion. This property presents a compelling opportunity for an investor seeking value appreciation through renovation and improved management. With its prime location & potential for increased long-term rental income, this building is a valuable asset.
