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34370006
34369992

633-635 Central Avenue, San Francisco, CA 94117 For Sale

BL
CA 01058500
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California
$1,500,000
5 days on market
Updated 5 days ago

633-635 Central Avenue

Details
APN 1186-006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,800
Units 3
Cap Rate 5.63%
NOI $84,453
Occupancy 66.67%
Tenancy Multi
Pro-Forma Cap Rate 9.43%
Pro-Forma NOI $141,390
Price per SqFt $536
Year Built 1904
Buildings 1
Lot Size (SqFt) 2,517
Zoning RH-2
Parking Spaces 2 spaces
Parking per 1,000 SqFt 0.71

Multifamily | 5.63% CAP | 3 Units

Marketing description

633-635 Central Avenue presents the opportunity to acquire a well-maintained three (3) unit apartment building located in San Francisco's highly sought-after North Panhandle (NOPA) neighborhood. Originally constructed in 1904, the property features two (2) one-bedroom, one-bath apartments, one (1) three-bedroom, two-bath apartment, and two (2) on-site parking spaces, offering an attractive unit mix in one of the city's most desirable residential enclaves.

The property has been well maintained over the years and includes on-site laundry, a basement with storage potential, separately metered gas service, and completed Soft-Story seismic work, providing added functionality and long-term value for future ownership. The spacious apartments offer classic San Francisco charm with functional layouts and abundant natural light, while the property's parking and storage provide amenities that remain highly sought after by residents.

Ideally situated just steps from the Panhandle, Golden Gate Park, and the vibrant Divisadero corridor, residents enjoy immediate access to some of San Francisco's most popular restaurants, cafés, neighborhood markets, and retail destinations. The central location also offers convenient access to public transportation and major commuter routes, making it easy to reach Downtown San Francisco, UCSF, and the greater Bay Area.

With its desirable location, attractive unit mix, valuable on-site parking, and timeless character, 633-635 Central Avenue represents an exceptional opportunity to acquire a quality multifamily asset in one of San Francisco's most established and enduring neighborhoods.

Investment highlights

  • Well-maintained three (3) unit apartment building in North Panhandle (NOPA)
  • Two (2) one-bedroom, one-bath apartments and one (1) three-bedroom, two-bath apartment
  • Two (2) on-site parking spaces
  • On-site laundry and basement with storage potential
  • Separately metered gas service
  • Completed Soft-Story seismic work
  • Classic San Francisco charm with functional layouts and abundant natural light
  • Steps from the Panhandle, Golden Gate Park, and vibrant Divisadero corridor
  • Convenient access to public transportation and major commuter routes
  • Easy reach to Downtown San Francisco, UCSF, and the greater Bay Area

Listing Contacts

BL
CA 01058500
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$84,453.00
$7,037.75/mo

Valuation Metrics

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DSCR
5.63%
Cap Rate
5.63%
ROI

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