Two-bedroom one-bath unitThree-bedroom one-and-a-half-bath unit
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
60 days
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1,646
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58
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Zillow last checked:
Listing updated:
Listed by:
Michael Dhanuwidjaja02164781650-766-1462,
eXp Realty of California Inc888-584-9427,
Jason Tam01992165415-730-3775,
eXp Realty of California, Inc
Source: MLSListings Inc,MLS#: ML82049001
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Heating
Central Forced Air
Cooling
None
Interior area
Total structure area: 3,965
Total interior livable area: 3,965 sqft
Property
Parking
Total spaces: 2
Parking features: Attached
Garage spaces: 2
Has carport: Yes
Accessibility
Accessibility features: Parking
Lot
Size: 2,495 Square Feet
Details
Parcel number: 1186016
Zoning: RH2
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Duplex, Residential Income
Materials
Foundation: Slab
Roof: Bitumen
Condition
Year built: 1919
Utilities & green energy
Gas: IndividualGasMeters
Sewer: Public Sewer
Water: Public
Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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