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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Michael Dhanuwidjaja, DRE #02164781 • eXp Realty of California Inc

$ 1,798,000

Est. payment | -/mo

5 Beds

3.5 Baths

3,965 SqFt

Save

$ 1,798,000

Est. payment | -/mo

Save

5 Beds

3.5 Baths

3,965 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 3,965 sqft

Price per Sqft $453

MLS Listing ID ML82049001

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 1919

Lot Size 2,495 Sqft

Property Sub-Type Duplex

Source MLSListings, Inc.

Property 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

Location

State CA

County San Francisco

Area 6 - North Panhandle

Zoning RH2

Interior

Heating Central Forced Air

Cooling None

Exterior

Parking Features Attached Garage

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Bitumen

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 1186-016

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

616-618 Masonic AVE San Francisco, CA 94117