Your Fresh Investment Property

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Mirella Webb & Mark Bonn present:

Turn-key Sutro Heights Investment

$1,800,000

About this home's

Features

beds

3

baths

3

Interior

3

Lot

3

This is a must see rental property in a quiet residential neighborhood, walking distance to Ocean Beach, Sutro Heights & Land’s End! Built in the 1920’s originally as a carriage house, the property is set back from the street and is a tucked-away oasis. It features a charming entrance with a large brick outdoor space and stunning views. 645 44th Avenue is truly a turn-key investment with all units remodeled in 2019 with fashionable finishes. The top floor is a gorgeous, 3-bedroom flat with views from almost every window. It has a tasteful and open kitchen/dining area with high ceilings and tons of light. There’s in-unit laundry, wood floors plus dramatic bay windows. The lower floor has a cozy 2-bedroom unit with full laundry room, 5 closets, direct courtyard/patio access, unique archway dining nook, French door and a vintage-feel but cool kitchen. Adjacent is a tiny-house-style unit with closet & desk nooks, a private courtyard, W/D and a vintage-look fridge and farmhouse sink. Great opportunity to own an income property with very low maintenance & excellent tenancy with residents who take ownership for maintenance issues and pay on time. (No rent lost during Covid.) Great place to park money & hold long-term as Sutro Heights becomes a sought-after neighborhood. Also ideal for 1031 exchange with immediate cash-flow!

Investment Highlights

  • Truly a turk-key investment with excellent tenants and easy management
  • Units pay $4,900 (Unit A), $3,450 (Unit B) and $1,750 (Unit C)
  • No owner expenses other than taxes, insurance and repair (tenants are billed back for all utilities)
  • 5.0% Capitalizaton Rate 
  • The current ownership has insurance/bookeeper/maintenance all in place to assist with this being a hands-off, no-stress, long-term hold
  • Sutro Heights has become an increasingly popular neighborhood among homebuyers and renters alike because it offers a peaceful retreat from the city and we expect this trend to continue.
  • Situated just steps away from Ocean Beach and the Lands End Trail, residents of Sutro Heights have easy access to some of the city's most beautiful outdoor spaces.

get in touch

Schedule

Brokers Tours:

May 2nd, 11 AM - 1 PM

May 9th, 11 AM - 1 PM

May 16th, 11 AM - 1PM

Additional Showings by Appointment:
Mirella Webb
(415) 640-4133
[email protected]

Nooh Palizi
(408)600-9418
[email protected]

 

Mirella Webb

Compass

Senior Investment Advisor

One of San Francisco's Top Apartment Brokers

DRE# 01409540

415.814.6699 office

415.640.4133 mobile

Mark Bonn

Compass

Managing Director

DRE# 01008844

(415) 614-4354 office

(415) 225-8658 mobile

last step to your dream home

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Unit A Photos

645 44th Avenue

Unit B Photos

645 44th Avenue

Unit C Photos

645 44th Avenue

Neighborhood Gallery

645 44th Avenue

If you are looking for a beautiful neighborhood in San Francisco surrounded by the most popular parks in the Bay Area, the Outer Richmond District is a great place to call home. The community is filled with gorgeous row houses that hug the sloped streets of the Richmond District. With its variety of ethnically diverse communities throughout the neighborhood, living in the Richmond District is a true cultural experience.

While the westernmost park of Geary Road can be heavily trafficked, there are plenty of great restaurants and shops to explore on nearby Balboa Street. Enjoy your morning coffee along with a tasty breakfast sandwich at the highly-rated La Promenade Cafe, or stop by the long-standing Simple Pleasures Cafe if you’re craving a bagel or muffin. The Outer Richmond neighborhood is a great place to explore a variety of cuisines around the world, including the Al-Masri Egyptian Restaurant and the local Vietnamese favorite Mr. Banh Mi.

One of the best features of the Outer Richmond District is it’s within walking distance of Golden Gate Park. The park is home to a wide variety of different activities and festivals, including a free bluegrass festival, as well as the Outside Lands Music Festival. Golden Gate park also features several bike and jogging paths, botanical and Japanese gardens, and since the park is closed to car traffic on Sundays, it provides a peaceful escape from the constant bustle of San Francisco.

The Outer Richmond District is also just a mile away from the scenic Ocean Beach. Known for its high winds and strong currents, Ocean Beach is perfect for surfing, biking along the coast, or simply hanging out. Plus, the beach is dog-friendly and as long as your pooch is well-trained, they can enjoy the beach off leash!

Outer Richmond District residents can explore one of the Bay Area’s most popular tourist attractions found at Sutro Baths. What originally began as a bathhouse in the late 19th Century, Sutro Baths suffered through a variety of economic hardships and ultimately succumbed to a fire in the mid-60s.

After a day of exploring the ruins, most tourists and locals enjoy a fantastic meal with unrivaled ocean views at the Cliff House, which is another amazing Bay Area landmark. The Cliff House has been dazzling its guests with their amazing fare for over 150 years, and if you live in the Outer Richmond District, this restaurant can be enjoyed any time of the week.

Aerials and Exteriors

645 44th Avenue