1129-1133 Balboa Street is a three (3) unit building located in the Inner Richmond District between 12th Avenue and Funston Avenue. The property is detached on three sides allowing ample natural light. The tax records show 2,382 sq/ft however a previous appraisal measured the building at 3,037 sq/ft.
Ideally located in the desirable Inner Richmond neighborhood, 1129-1133 Balboa Street combines the best of city living, with a comfortable suburban feel. Providing tenants with walkable access to the Inner Richmond commercial strip, Golden Gate Park, and quick highway access.
The property has been well maintained including a new rear roof (2019), new water heaters, and the entire front stairway and porch were replaced (2024).
The property is fully occupied with 37% rental upside. 1129-1133 Balboa Street offers buyers a stabilized asset, with growth potential in one of San Franciscoā€™s most popular neighborhoods.
GRM:
PRICE/FOOT:
$586
CAP RATE:
PRICE/UNIT:
$465,000
Square Feet:
2,382
Status Date:
5/6/2024
Units:
3
Status:
Sold
Senior Vice President
Mobile: 415.794.9510
john@antoninisf.com
John Antonini is a commercial agent who represents clients in the sale and purchase of residential investment property in San Francisco. Since 2007, he has a built a proven track record of adding-value for Buyers and Sellers of SF apartment, mixed-use and commercial transactions.