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Listed by Jason Tam eXp Realty of California, Inc
$ 1,888,000
Est. payment /mo
Active
616-618 Masonic AVE San Francisco, CA 94117
4 Beds
3,965 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 3,965 sqft
Price per Sqft $476
MLS Listing ID 426095571
Bedrooms 4
HOA Y/N No
Year Built 1919
Lot Size 2,495 Sqft
Acres 0.0573
Property Sub-Type Condominium
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 core San Francisco location.
Location
State CA
County San Francisco
Area Sf District 6
Interior
Heating Central
Fireplace No
Exterior
Exterior Feature Yard Space
Garage Spaces 1.0
Utilities Available City
View City, San Francisco
Handicap Access Varies By Unit
Total Parking Spaces 2
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 1186016
