1041 WASHINGTON ST San Francisco CA 94108-1121

Discover a rare gem in one of San Francisco’s most iconic neighborhoods! This historic 7-unit multifamily property (built in 1908) offers unparalleled potential for investors seeking value-add opportunities in a high-demand location. Comprising two buildings with a mix of 2-, 3-, and 4-bedroom units, the property combines classic early-20th-century architecture with strategic modernization opportunities. With 85.7% vacancy (six of seven units unrented), this asset is ready for renovation, repositioning, and to maximize cash flow in a soaring rental market.

Key Features:

+ Prime Location:

- Steps from the historic cable car line, downtown SF, Financial District, Chinatown, and North Beach.

- Walkable to world-class dining, entertainment, and cultural landmarks.

- Excellent transit access: Muni, BART, and major bus routes nearby.

+ Value-Add Potential:

- Significant Rent Upside: Current rents are far below market rates. Post-renovation rents could align with area averages of about $3,500+ for 2-bed units.

- Vacant Units Ready for Modernization: Most units are unoccupied, allowing for seamless renovations without tenant disruption.

- Structural Upgrades in Progress: Recent modified bitumen roof (10 years old) and partial electrical updates. Opportunities for seismic retrofitting and foundation improvements (per inspection report) to enhance long-term value.

+ Unit Mix & Amenities:

- Flexible Configurations: 4x 2-bed/1-bath, 1x 3-bed/2-bath, 1x 4-bed/1-bath, and 1x 3-bed/1-bath units.

- Parking Included: Rare 4-car garage—a premium in SF.

- Original details: High ceilings, hardwood floors (under carpets), and classic charm.

+ Investment Highlights:

- Tourist & Commuter Appeal: Ideal for long-term rentals or short-term rentals (subject to zoning).

- Ownership Benefits: Historic tax incentives, depreciation advantages, and scalability in a supply-constrained market.

- Turnkey Opportunity: Partner with local contractors to expedite renovations.

Key Features:
✅ Prime Location:

• Steps from the historic cable car line, downtown SF, Financial District, Chinatown, and North Beach.

• Walkable to world-class dining, entertainment, and cultural landmarks.

• Excellent transit access: Muni, BART, and major bus routes nearby.

✅ Value-Add Potential:

• Significant Rent Upside: Current rents are far below market rates. Post−renovation rents could align with area averages of about $3,500+ for 2-bed units.

• Vacant Units Ready for Modernization: Most units are unoccupied, allowing for seamless renovations without tenant disruption.

• Structural Upgrades in Progress: Recent modified bitumen roof (10 years old) and partial electrical updates. Opportunities for seismic retrofitting and foundation improvements (per inspection report) to enhance long-term value.

✅ Unit Mix & Amenities:

• Flexible Configurations: 4x 2-bed/1-bath, 1x 3-bed/2-bath, 1x 4-bed/1-bath, and 1x 3-bed/1-bath units.

• Parking Included: Rare 4-car garage—a premium in SF.

• Original details: High ceilings, hardwood floors (under carpets), and classic charm.

✅ Investment Highlights:

• Tourist & Commuter Appeal: Ideal for long-term rentals or short-term rentals (subject to zoning).

• Ownership Benefits: Historic tax incentives, depreciation advantages, and scalability in a supply-constrained market.

• Turnkey Opportunity: Partner with local contractors (referenced in inspection report) to expedite renovations.