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Rare Potrero Hill Opportunity
The property is vacant and ready for a knowledgeable buyer capable of some structural upgrading. Potential of 4 full floors with over 5,500 of living area.
The units consist of 2 full floor flats. Unit 253 has 3 bedrooms and 1 full bath plus a finished attic. Unit 255 has 2 bedrooms, 1 full bath and an additional half bath. The main floors feature 2 (255) or 3 (253) bedrooms, a large living room with fireplace, formal dining room, eat-in kitchen gas stoves, ample cabinet space with a pantry, and separate room with washer and dryer hook-ups.
There is a complete finished basement living area featuring 3 bedrooms and 1 bath. This area opens directly to the rear patio and garden.
Downtown & City views from the upper floors
Garden includes fruit trees and space for outdoor entertainment.
Common Features include hardwood floors, forced air heat,
individual updated electrical and gas services and hot water heaters. The property has had extensive work and upgrades to the exterior structure. Distinctive Victorian trim and moldings and high ceilings.
Overall, the property is well maintained and offers a buyer the opportunity for future development into condos, or a multifamily compound.
Possible rental income estimated at $12,000 monthly with low expenses.
Coldwell Banker | Commerical NRT
Senior Commercial Broker Associate
Potrero Hill is an often sunny, hilly area with bay and skyline views and a mix of condos and classic Victorians, plus parks with sports facilities. 18th Street has quaint eateries and shops. Nerby are musics spots and the historic Anchor Brewing Company, which offers tours. On the neighborhoods eastern edge, industrial cool Dogpatch, with hip bars and eateries runs along the waterfront. UCSF's Mission Medical Campus, the Chase Center Arena are closeby.