The subject property consists of eight units located on the corner of 24nd Ave. and Balboa St. The unit mix is two 2Br/1Ba, two 1Br/1Ba and four studios. The property has great street frontage on a quiet intersection and units receive good sunlight and have great open layouts. Rents are well below market and offer an opportunity to realize tremendous upside in future rents. The property has been well maintained through the years. The roof was recently replaced. Units have separately metered gas and electric; owner pays trash and water. The property is on the S.F. soft story retrofit list and will require retrofit work to be completed. Plans have been submitted and approved and bid to complete the work has been obtained.
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