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Listed by Michael Dhanuwidjaja • eXp Realty of California Inc, DRE#02164781
$1,798,000
Est. payment /mo
5 Beds
3.5 Baths
3,965 SqFt
New
616-618 Masonic AVE San Francisco, CA 94117
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,965 sqft
Price per Sqft $453
MLS Listing ID ML82049001
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1919
Lot Size 2,495 Sqft
Property Sub-Type Duplex
Property Description
Ideally located near the University of San Francisco and the Panhandle, 616-618 Masonic Avenue offers investors a rare opportunity to acquire a well-situated two-unit asset with immediate income and significant value-add upside in one of San Francisco's most resilient rental submarkets. The property consists of a two-bedroom, one-bath unit currently generating income, and a vacant three-bedroom, one-and-a-half-bath unit, allowing for immediate lease-up at market rents or repositioning for enhanced returns. The unit mix, combined with proximity to USF, public transportation, neighborhood retail, dining, and Panhandle Park, supports strong and durable tenant demand. Substantial upside potential exists through strategic interior and exterior renovations, modernization of finishes, and operational optimization. Additionally, the property may offer expansion potential within the existing building envelope (buyer to verify), providing a compelling path to further increase rentable square footage and long-term cash flow. With in-place income, a vacant unit for immediate execution, and multiple avenues for value creation, 616-618 Masonic Avenue presents an attractive opportunity for investors seeking rent growth, asset repositioning, and long-term appreciation in a San Francisco location
Location
State CA
County San Francisco
Area 6 - North Panhandle
Zoning RH2
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 2.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Bitumen
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 1186-016
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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