246 Waller Street | Hayes Valley
Status: In Contract
3-Unit Multi-Family Property with ADU Potential
246 Waller Street
- Address: 246 Waller Street
- Price: $3,100,000
- Building Size: +/- 3,730 Sq.Ft.
As exclusive agents, Urban Group Real Estate is pleased to present 246 Waller Street, San Francisco, CA for purchase.
This 3,730 square foot building is a 3-Unit Multi-family property, located on a prime block in the highly desirable Lower Haight / Hayes Valley Neighborhood of San Francisco. Its frontage is on Waller Street, and the lot extends clear to Laussat Street in the rear. It has its own separate entrance, and currently a 2-car stand-alone garage. Neighboring properties have successfully secured lot subdivisions and variances, allowing for permitting and development of an entirely new residence.
The savvy investor will take advantage of this key location and favorable zoning to enjoy immediate cashflow from well-maintained rental units, and realize longterm upside through the possible addition of ADUs that replace the garages fronting Laussat – or more. Ample garage and storage space, updated capital improvements including foundation, furnaces, soundproofing and separately metered utilities make this a very desirable turnkey investment with significant valueadd upside potential.
This hip and friendly neighborhood is easily accessiblefrom 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, bakeries, markets and local retail businesses. Excellent upside on banked rent, and potential for new leases at current market rate.
Ideal investment opportunity.
Prime Lower Haight / Hayes Valley Location
3 Unit Multi-family Property
Three Car Parking
ADU Development Potential
Projected Gross Annual Income $157,200
Nothing beats the intersection of the Lower Haight, Duboce Triangle & Hayes Valley in terms of location, access to fine dining and entertainment, shopping , walkability, easy transit and biking and peoplewatching! Located just a few blocks from Duboce Park and the commercial corridors of both the Lower Haight and
Hayes Valley, 246 Waller Street offers savvy investor-developers immediate cashflow from current tenants while leveraging favorable zoning to build additional unit(s) facing Laussat Street.