About 1949 Chestnut Street
1949 Chestnut Street is a 13 unit building in the heart of San Francisco's Marina District. This prized asset consists of 12 large apartments and a small commercial space. There are 9 spacious 2bd/2ba units and 3 1bd/1ba units. The units are modern, bright, and nicely updated. There is a garage that can accommodate 12 cars and also has storage lockers for tenant's convenience. At street level is a laundry service that is pickup and drop off only, with no onsite machinery other than a washer and dryer. The apartments are serviced by an elevator. The units are separately metered for gas and electricity. The main electrical service indicates 600 amps. The building is across the street from Moscone Park and Marina Middle School. It is half a block to Fillmore Street, which is the beginning of the Chestnut Street shopping and amenities, making this one of the most desirable locations in all of San Francisco. While these units are in excellent condition, they have been modestly updated thus far, providing a new owner with significant upside potential upon turnover. This property is still owned by the family that built it in 1978 and has never been offered for sale. This is a truly rare opportunity to purchase a generational asset in a premier location.
