Description

INCOME reflected in listing consist of proforma rents for 4 vacant units at $3,000 each totaling $12,000/month. Existing protected tenants pay a total of $2,868.4/month or $34,420/year. 3542 23rd Street consists of 7 - 1 bedroom 1 bathroom units with a ground floor studio and multiple storage rooms. A garage with potential to park 2 smart cars (or similar sizing), or build out a coin-operated laundry room. Situated on a 2,965 sq ft lot with an expansive backyard space ready to be re-imagined. Each unit features a large eat in kitchen, a large living room and generous bedroom with ample closet space. 4 Vacant units are updated with vinyl wood grain flooring, remodeled bathrooms and large sundrenched living and bedrooms. Street facing units feature stunning bay windows overlooking tree lined 23rd street. This property has been in the family for over 50 years with real pride of ownership - building has been well maintained and cared for over the years. Separate gas and electric meters for each unit. Main entry features multiple storage rooms. Rear storage room is sizable and has potential to be converted into a Junior ADU. Incredible proximity to Valencia Street dining, cafes and shopping. Blocks to Dolores Park. Easy and ample access to freeways and public transportation.