$2,595,000 | 7 UNITS | NOPA

Just Listed

1755 McAllister Street

7

Units

15.4

GRM

$353

Price Per Sq.Ft.

7,348

Square Feet

Constructed in 1925, this excellent offering consists of 7 large one-bedroom apartments. Behind the classic Marina-style façade tenants enter into an attractive lobby. These oversize units boast high-ceilings, hardwood floors, and period charm. The scale of the units provides the possibility of converting these to two bedrooms. There is a one-car garage that is currently rented to a non-resident of the building. The owners completed the soft-story seismic retrofit in 2019. The units are separately metered for gas and electricity, and heat is supplied through wall-heaters. There is a large rear yard for tenants to enjoy. At the ground level there is a storage area that may offer ADU potential. The property has been owned by the same family for many years and is professionally managed. There is 77% upside in the current rents when taking into consideration the possibility of converting to two-bedrooms. This is an incredible opportunity to purchase a value-add investment in one of the city’s best rental locations.