616618 Masonic Avenue,San Francisco, CA 94117
San Francisco, CA 94117
Description
Ideally located near the University of San Francisco and the Panhandle, 616-618 Masonic Avenue offers investors a rare opportunity to acquire a well-situated two-unit asset with immediate income and significant value-add upside in one of San Francisco's most resilient rental submarkets. The property consists of a two-bedroom, one-bath unit currently generating income, and a vacant three-bedroom, one-and-a-half-bath unit, allowing for immediate lease-up at market rents or repositioning for enhanced returns. The unit mix, combined with proximity to USF, public transportation, neighborhood retail, dining, and Panhandle Park, supports strong and durable tenant demand. Substantial upside potential exists through strategic interior and exterior renovations, modernization of finishes, and operational optimization. Additionally, the property may offer expansion potential within the existing building envelope (buyer to verify), providing a compelling path to further increase rentable square footage and long-term cash flow. With in-place income, a vacant unit for immediate execution, and multiple avenues for value creation, 616-618 Masonic Avenue presents an attractive opportunity for investors seeking rent growth, asset repositioning, and long-term appreciation in a San Francisco location
Details
| MLS # | ML82049001 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1919 |
| Days On Site | 92 |
| Listing Provided By | eXp Realty of California Inc | Michael Dhanuwidjaja |
Features
| SQ Feet | 3,965 |
|---|---|
| Garage | 2 |
| Building(s) | 1 |
| Zoning | RH2 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Bitumen |
|---|---|
| Foundation Details | Slab |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Area Information
| State | CA |
|---|---|
| County | San Francisco |
| City | San Francisco |
| Zip Code | 94117 |
| Listing VS Median (in 94117) | |
Price: $1,798,000 low | high Med: $1,798,000 sqft: 3,965 low | high Med: 3,965 $ / sqft: $453 low | high Med: $453 On site: 92 low | high Med: 92 | |
Market Activity 94117
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Francisco |
| City | San Francisco |
| Zip Code | 94117 |
| Listing VS Median (in 94117) | |
Price: $1,798,000 low | high Med: $1,798,000 sqft: 3,965 low | high Med: 3,965 $ / sqft: $453 low | high Med: $453 On site: 92 low | high Med: 92 | |