OFFERING MEMORANDUM | 1801 LEAVENWORTH STREET P.3 COLLIERS INTERNATIONAL
The subject property is a Fourteen (14) unit apartment building located at the corner of Leavenworth & Vallejo Street in Russian Hill. This well maintained property has been owned by the same family for over Sixty-Eight (68) years. The building has Fourteen (14) one bedroom / one bath units and Four (4) enclosed parking spaces. The spacious units feature abundant light and city views. Most of the units have hardwood floors, walk-in closets and varying degrees of upgrades. The tar & gravel roof was replaced approximately Ten (10) years ago, and the exterior was painted around the same time. Most of the windows have been replaced with vinyl double pane windows. The interior lobby and hallways were painted between 2016-2017 and the common area carpets were replaced during the same renovation period. The building is separately metered for gas and electric, and most of the units have steam heat radiators, except for units A & B, which have gas wall heaters. The boiler and hot water heater were replaced in the early half of 2017. The building is of wood frame construction with a stucco exterior over a concrete foundation. The property is centrally located between Russian Hill and Nob Hill, two of the most prestigious neighborhoods in San Francisco. Restaurants and shopping are located a few blocks away on Polk Street and Downtown San Francisco’s Financial District is a 10-minute drive from the building. 1801 Leavenworth Street offers investors an excellent opportunity to purchase a well-maintained apartment in a prime Russian Hill location with excellent upside potential in the rents via renovations and pass-throughs.
- 1801 Leavenworth Street, Vallejo Street, San Francisco, CA 94109