324-330 Connecticut Street, San Francisco, CA 94107

Property Description

Set on the north slope of Potrero Hill, 324 Connecticut Street is a six (6) unit building that has been carefully maintained and thoughtfully improved. Five of the six units have been updated, and four of those have in-unit laundry. Building-wide work includes a completed seismic retrofit, new exterior paint, and upgraded fire alarms. From the rear decks, residents take in open westward views across Potrero to Twin Peaks and the downtown skyline. The 18th Street corridor is right around the corner, offering a short walk to Goat Hill Pizza, Chez Maman, Plow, Mochica, and Bloom Saloon. Mission Bay is a short walk or bike ride away, with the Chase Center, UCSF's Mission Bay campus and hospitals, and Caltrain all nearby, plus easy on-ramps to 101 and 280. With in-place income of $24,000/month, the property is offered at an attractive 6% cap rate and 11.2 GRM. 324 Connecticut is a rare opportunity to purchase a stabilized building on the North slope of Potrero Hill, with healthy income.