I am pleased to announce the off-market sale of 302 28th Avenue, a 6-unit Marina-style apartment building 

The asset is located on the corner of California and 28th Avenue in San Francisco. This rarely available asset has been in the same family for over 40 years. 

The building was built in 1923 and has recently completed a seismic retrofit, ensuring that this well-kept asset will stand  the test of time. The owner has also done many recent improvements to the building. All of the units are remodeled and four out of six have in-unit laundry.

 Each unit has a townhouse/condo feel with separate entrances from the street level. Four out of the six units are 1,000 square-foot full-sized flats.  Currently, the one-bedroom units include four full rooms in addition to the bathroom, allowing a new owner upside as units turn-over. The two-bedroom unit includes five full rooms in addition to the bathroom.

Property Highlights

• Sea Cliff / Outer Richmond Neighborhood
• 6 Units
• Off-Market Deal
• $530 Price Per Foot
• 4.47% Cap Rate/ 16 GRM
• Great Unit-Mix/ Large Flats