PROPERTY DESCRIPTION

1387-1393 Grove Street | NOPA

4-Unit Multifamily
2 Car Parking + Storage

1387-1393 Grove Street

SOLD: $2,172,000

Size: +/- 2,914 Sq.Ft.

  • Prime NOPA Location
  • Spacious Floor Plans
  • Immaculately Maintained
  • Two Car Garage

Offering Summary:

This 2,914 square foot building is a 4-Unit Multi-family property, located on a prime block in the hip and highly desirable NoPa (North of Panhandle) neighborhood of San Francisco. With a nod to its Edwardian roots, the building has been immaculately maintained, and each unit has been carefully updated with hardwood floors, crown molding, modern kitchens and bathrooms.

Two individual garages provide secure, off-street parking. Large storage area for possible development of Additional Dwelling Units for income upside, Buyer to verify potential.

Three units will be delivered vacant. This is a perfect opportunity for a long-term investor seeking a well-maintained, turnkey property or for an owner to move into a sunny top-floor vacant unit and collect rent on the others.

Ample garage and storage space, updated improvements including separate water heaters and utilities, make this a very desirable turnkey investment with significant value-add upside potential.

This hip and friendly neighborhood is easily accessible from all modes of transportation. Close to major bike and transit routes, as well as tech shuttle busses and easy freeway access. The property is within two blocks of many popular restaurants, cafes, entertainment, and retailers, including BiRite Market, Che Fico, NOPA Restaurant, Bar Crudo, The Independent music venue – and the weekly Farmer’s Market – not to mention just a few blocks to Golden Gate Park and iconic Alamo Square Park!

Excellent immediate upside with potential for new leases at current market rate.

Ideal investment opportunity!

Neighborhood:

The North of Panhandle is a trendy area with popular, highly rated bars and restaurants along Divisadero Street, its eastern border, and rising costs because of its prime central location within the city. The neighborhood’s westernmost border opens right up into Golden Gate Park providing
endless opportunities for outdoor recreation and activities. Across the Panhandle, the long southern border along Fell Street provides a direct route to the freeway for residents that work outside the city or need a quick getaway.

LISA ZAHNER
office: 415.863.1775
direct: 415.948.5747
email: lisa@urbangroupsf.com
DRE 02018164