1968 Post Street, San Francisco, CA 94115, San Francisco, 94115 - 18 bed, bath

1968 Post Street, San Francisco, CA 94115 home-pic-0
ACTIVE$2,895,000
1968 Post Street, San Francisco, CA 94115
18Beds
0Bath
8,271Sqft
3,023.06Lot
Year Built
1905
Close
-
List price
$2.9M
Original List price
-
Price/Sqft
$350
HOA
$0
Days on market
-
Sold On
-
MLS number
425029455
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.90M(71th), sqft - 8271(86th), beds - 18(86th), baths - undefined(43th).

1968 Post Street is a well-maintained six (6) unit apartment building located at the corner of Post and Steiner Streets in San Francisco's Lower Pacific Heights. The 8,271 square foot property features a mix of five- and six-room flats and generates over $264,000 in annual gross income. The building has been professionally managed, is separately metered for gas and electricity, and includes in-unit laundry in five of the six units. The property is within walking distance of Upper and Lower Fillmore, Japantown, and UCSF Medical Center. The property offers tenants excellent access to neighborhood amenities and major transit lines, including the 38 Geary and 22 Fillmore. Its central location contributes to its desirability. With its prime corner location, classic architecture, and strong in-place income, 1968 Post Street offers investors a rare opportunity to own a quality asset in one of San Francisco's most convenient rental locations.

Price History

Date
Event
Price
04/14/25
Price Change
$2,895,000
Condition Rating
Fair

Built in 1905, the property is described as well-maintained, and the exterior appears in good condition. However, the interior images reveal significantly outdated kitchens and bathrooms with older appliances, basic cabinetry, and dated tile/fixtures. While clean and functional, these areas require substantial updates to meet current aesthetic and quality standards. Other living areas feature classic hardwood floors, but the overall impression is of a property that has been maintained through regular upkeep but has not undergone major renovations in the last 30+ years, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Accessibility: Situated on a prime corner in Lower Pacific Heights, offering excellent walkability to amenities, employment centers (UCSF), and major public transit lines.
Strong Income Generation: The property boasts a robust annual gross income exceeding $264,000, indicating a solid return on investment potential.
Well-Maintained & Managed: Described as a well-maintained building that is professionally managed, suggesting operational efficiency and reduced immediate owner burden.
Desirable Tenant Amenities: Features in-unit laundry in five of six units and separately metered utilities, enhancing tenant appeal and reducing owner operating costs.
Classic Architecture & Unit Mix: Offers classic San Francisco architecture with a desirable mix of five- and six-room flats across six units, appealing to a broad tenant base.

Cons

Age of Building: Constructed in 1905, the property may require significant future capital expenditures for updating aging infrastructure and systems, despite current maintenance.
High Capital Investment: The list price of $2.895 million represents a substantial capital outlay, potentially limiting the pool of prospective investors.
San Francisco Regulatory Environment: As a multi-unit property in San Francisco, it is subject to stringent rent control and tenant protection laws, which can impact rental income growth and management flexibility.

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