About 1418 Leavenworth Street
11-unit building located between Washington and Jackson Streets. It has been owned by the same family for many years and now offers a new owner the chance to take advantage of six vacant two-bedroom units in a strong rental market. Five units were recently occupied by family members. Three of the vacant units have been tastefully updated and are ready to rent with little or no additional improvements. All two-bedroom units include in-unit laundry or the space to add it, enhancing rental potential. The units feature wood floors, built-in cabinetry, and decorative fireplaces. The building's main electrical service is 200 amps, and all panels have been recently upgraded. Each apartment is separately metered for PG&E, and tenants pay for heat, keeping operating expenses low. At the ground level, there are several storage areas for owner use or potential rental income. The property has been well maintained, resulting in minimal ongoing upkeep. The location offers tenants convenient access to Nob Hill, Russian Hill, Pacific Heights, and the Van Ness corridor, with Downtown and the Financial District also easily reachable. Priced at a 10.3 GRM and a 6.5% Cap Rate, this is a strong opportunity to benefit from a healthy rental market and San Francisco's on going resurgence.
