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Listed by Ismael Benhamida • Compass, DRE#01722847
$ 1,495,000
Est. payment | /mo
7 Beds
4 Baths
3,600 SqFt
$ 1,495,000
Est. payment | /mo
7 Beds
4 Baths
3,600 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $415
MLS Listing ID ML82057502
Bedrooms 7
Full Baths 4
Year Built 1915
Lot Size 2,905 Sqft
Property Sub-Type Duplex
Property Description
701 27th Avenue is a 1915 Central Richmond duplex on a 2,905 sq ft corner lot with approximately 3,600 sq ft of building area. Unit 703 is a bright upper-level 3-bed/2-bath of approximately 1,389 sq ft, while Unit 701 is the lower-level two-story 4-bed/3-bath of approximately 2,228 sq ft, currently operating as a daycare. Both units are occupied by long-term tenants, providing stable in-place income. The property also features a detached two-car garage, offering tenants parking or giving ownership the potential for an ADU conversion. Appraised at $1,780,000 in 2025 in its current, occupied, as-is condition and now offered at $1,495,000, the property is priced well below its appraised value. With in-place rents also well below market, it presents a compelling opportunity for the value-add investor to capture both immediate equity and long-term income growth. Substantial banked rents may also be available. The property is steps from the dining, cafes, and boutique shopping along Geary Boulevard and Balboa Street, with Golden Gate Park, the Presidio, and Ocean Beach close by and 38-Geary transit to downtown.
Location
State CA
County San Francisco
Area 1 - Central Richmond
Zoning Rh2
Interior
Heating Electric
Cooling None
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Shingle
Building
Story 3
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 3
Others
Tax ID 1617-001
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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