1531 Francisco Street is an impeccable investment property located in the highly desirable Marina District of San Francisco. The property consists of 9 residential apartments over a ground floor garage and a large backyard area. The building, which sits above bedrock, was constructed in 1924 on a concrete foundation and has been seismically upgraded to meet city code requirements. Eight of the units are tenant occupied and one unit and garage will be delivered vacant at close of escrow. The property was recently re-roofed, painted, sprinklered on the ground floor and several units have been upgraded. In addition to these improvements, three of the large studio units have been converted into beautiful one-bedroom units with new kitchens and bathrooms. The remaining 5 studio units are future candidates for this upgrade as they turn over. Current ownership has begun the process of creating an ADU in the garage and storage areas and will convey all plans, drawings and progress.
