269 Sanchez Street

Description

Built in 1890, the property consists of two twin buildings built on adjacent lots. Adorned with spectacular Italianate architecture, the buildings stand on a quiet residential block of Sanchez Street, blocks from the heart the Castro. With a large rear yard and 75 feet of frontage along Sanchez Street, each unit receives a perfect amount of sun. Nearly all units have large kitchens and pantries, along with hardwood floors, fireplaces and rear porches. While a couple of units have been renovated, some are original. Expenses are low, as tenants are responsible for the bulk of expenses, including hot water, heat and garbage. Occupied units also have significant banked rents that could be exercised by a new owner. On the ground floor, there is garage parking for 3 cars and several storage units, with the remaining space undeveloped. Most of the yard has been landscaped and has a fire pit and a lush green sitting area. With 6 units vacant, the investment presents an extraordinary opportunity for unit renovation and building upgrades; a value-add opportunity rarely seen in San Francisco. As-is sale.