669 Ellis St

San Francisco CA 94109

7654 sq. ft.

2363 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Exceptional investment opportunity to acquire a professionally managed 14-unit studio apartment building in the heart of San Francisco. Situated near Union Square and the Mid-Market Corridor, the property benefits from its proximity to two of the city's premier destinations for tourism, entertainment, dining, and the thriving technology sector. The building features spacious studio apartments with soaring ceilings and classic bay windows that provide abundant natural light and enhance the character of each residence. Each unit has electric radiant heating and is individually metered for gas and electricity. The property has undergone capital improvements in recent years, resulting in updated living spaces that appeal to today's renters. Currently, three units are vacant, creating an immediate value add opportunity. Two vacant units are undergoing renovation, offering the next owner the ability to lease renovated units at market rents while continuing to upgrade the remaining vacancy. With a desirable central location, attractive architectural features, recent improvements, and meaningful rental upside, 669 Ellis Street presents an outstanding opportunity for investors seeking both immediate income potential and long-term appreciation in one of San Francisco's most dynamic rental markets.