Beds 8

Bath 7

Sq Ft 3,832

Price per Sq Ft $782


#Highlights


Hot Property
Bay View
Engineered Wood Flooring
McKinley Elementary School Rated A-
Contemporary Architecture
Balcony


#About This Home

Are you in search of an exceptional investment opportunity or considering a 1031 Exchange? Look no further than 138-140 Lower Terrace. This property underwent a substantial renovation and expansion in 2016, enhancing its appeal and functionality. The lower flat, 138, boasts 4 bedrooms and 3 bathrooms spread across two levels, offering exclusive access to a charming garden and garage. Meanwhile, the upper unit, spanning a single level, features 4 bedrooms and 2.5 bathrooms. Notably, residents of the upper unit enjoy exclusive use of a stunning rooftop deck boasting breathtaking bay views. Currently, the upper unit commands a rental income of $6,500 while the lower unit is leased for $7,600, totaling a monthly rent of $14,100 and yielding an attractive cap rate of 5.3%. Both units are equipped with radiant heat in the bathrooms and showcase elegant marble floors complemented by light wood flooring throughout.

#Property Details

Home Type
Multi-Family

Est. Annual Taxes
$27,177

Year Built
1963 | Remodeled

Parking
2 Car Garage
Garage Door Opener

Property Views
Bay
City Lights
Garden

Home Design
Duplex
Contemporary Architecture
Concrete Foundation
Ceiling Insulation
Concrete Perimeter Foundation
Stucco

Interior Spaces
3,832 Sq Ft Home
3-Story Property
Skylights
Double Pane Windows
Window Screens
Laundry closet

Kitchen
Dishwasher
Disposal

Flooring
Engineered Wood
Tile

Bedrooms and Bathrooms
Low Flow Toliet
Low Flow Shower

Home Security
Security Gate
Fire and Smoke Detector

#All MLS Data


Listing Details

Property Type: Residential Income
Property Sub Type: Duplex
Subtype Description: Apartments, Flats
Architectural Style: Contemporary
Property Condition: Updated/Remodeled
Other Equipment: Low-Flow Shower(s), Low-Flow Toilet(s)
Stories: 3
Year Built: 1963
Special Features: None

Interior Features
Basement: None
Number Of Rooms: 16
Appliances: Dishwasher, Disposal, Free Standing Refrigerator
Flooring: Simulated Wood, Tile, Wood, Other
Interior Amenities: Skylight(s)
Laundry Features: In Each Unit, Laundry Closet
Price Per Square Foot: 781.58
Square Footage: 3832.00
Window Features: Dual Pane Full, Weather Stripped, Window Screens

Exterior Features
Construction Materials: Ceiling Insulation, Stucco
Foundation: Concrete, Concrete Perimeter
Patio And Porch Features: Balcony/Deck
View: Bay, City Lights, Garden/Greenbelt, Water

Garage/Parking
Garage Spaces: 2.00
Parking Features: Garage, Garage Door Opener, Interior Access
Total Parking Spaces: 2.00
Covered Parking Spaces: 2.00
Independent Parking Spaces: 2

Utilities
Heating: Baseboard, Radiant
Security Features: Security Gate, Smoke Detector, Unguarded Gate
Sewer: Public Sewer
Utilities: City, Electric, Natural Gas Connected
Water Source: Public

Schools
School District: San Francisco

Lot Info
Assessor Parcel Number: 2618-018
Lot Features: Garden, Landscape Back, Shape Regular
Lot Size Acres: 0.0573
Lot Size Sq Ft: 2495.00
Lot Size Units: SqFt
Price Per Acre: 52268760.91

Rental Info
Lease Term: Lease/Month to Month Mix
Units Furnished: None

Building Info
Number of Units Total: 2

Multi Family
Number Of4 Bedroom Units: 2
Number Of Units Leased: 2

MLS Schools
School District County: San Francisco