About 1013-1019a Noe Street
Owner or Investor Opportunity Meets Victorian Charm in Prime Noe Valley. A rare chance to own a 5-unit Victorian-era property in the heart of Noe Valley one of San Francisco's most sought-after residential neighborhoods. This iconic building features: Five well-appointed units with 4 rooms each, plus enclosed porches for expanded livable space. Two vacant units, ideal for owner-occupants or immediate income generation. Ground-level storage offering strong potential for conversion into ADUs (Accessory Dwelling Units) or rent out at around $300/m each for additional income. Original architectural details preserved throughout, perfect for value-add without sacrificing historic charm. Located just off 24th Street near tech shuttle stops, cafes, shops, and parks. Strong rental demand, walkable location, and sunny microclimate. Excellent current CAP rate of 4.67, 14.3 GRM can be raised to 5.24 CAP at 13.2 GRM when the 4 storage units are rented out at $300/m/unit. Whether you're a seasoned investor, developer, or an owner-user buyer seeking legacy property with upside, this is a strategic acquisition with room for creativity and future growth. Soft story seisimic upgrade done in 2016. Live in a desirable Noe Valley neighborhood mortgage paid for by the rent collected.
