515-517 Faxon Avenue is a well-maintained two (2) unit building located in the Ingleside neighborhood of San Francisco. The unit mix includes two (2) 2 bedroom, 1 bath units, and one garage space along with a second parking spot in front of the garage. There is bonus space both in the attic and the garage. The sizable attic is connected to the upper unit by an internal closet-ladder. Behind the garage, there is a semi-developed office space with two rooms.
The property is fully occupied and produces an annual gross income of $77,400. The property is separately metered for gas and electricity. Heat is provided by a forced air furnace in the lower unit and a wall heater in the upper unit. The building was recently painted and has undergone significant improvements to the back deck and stairwell. In 2014 the property received a comprehensive seismic retrofit.
The Ingleside neighborhood offers is a plethora of public transportation options nearby, including Muni and bus lines, as well as the Balboa Park Bart Station. Ocean Avenue, just a block away, provides local amenities such as grocery stores, cafes, restaurants, and bars.
GRM:
PRICE/FOOT:
$854
CAP RATE:
PRICE/UNIT:
$597,500
Square Feet:
1,400
Status Date:
6/5/2024
Units:
2
Status:
Available
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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.