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Listed by Adam Carosso Colliers International
$2,150,000
Est. payment /mo
6 Beds
4 Baths
4,134 SqFt
Active
437 Vermont ST San Francisco, CA 94107
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,134 sqft
Price per Sqft $520
MLS Listing ID 426104343
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1927
Lot Size 2,495 Sqft
Acres 0.0573
Property Sub-Type Triplex
Property Description
Situated in the desirable Potrero Hill neighborhood, 437-439 Vermont Street presents a rare dual-track'' investment opportunity. While currently operated as a high-performing 3-unit multifamily asset, the substantial apartment and property upgrades position it perfectly for a Tenancy-In-Common (TIC) conversion. This allows an incoming investor to capture traditional rental yield in the short term while maintaining a high-margin exit by selling the units individually. Additionally, one unit is currently vacant, offering an immediate owner-user opportunity while still benefiting from income generated by the remaining units. Constructed in 1927, the approximately 6,413 square foot building sits on a 2,495 square foot lot and features a diverse unit mix of one (1) studio, one (1) two-bedroom/one-bathroom, and one (1) three-bedroom/two-bathroom residence. The offering is further enhanced by one (1) on-site parking space and one (1) storage unit, with the potential of converting the studio to a one-bedroom apartment by combining the storage area. The property showcases spacious floor plans filled with tremendous natural light, highlighted by hardwood flooring, classic architectural character, and modern charm. Kitchens are equipped with quartz countertops, flat-panel cabinetry, and top-of-the-line appliances, while bathrooms feature standing showers with quartz surrounds, cabinet vanity sinks, and modern fixtures. The building benefits from a concrete foundation, front stucco faade with wood rear, shared garden, in-unit and on-site laundry, a DKS entry system, and a recently replaced modified bitumen roof completed in 2023. With a current annual gross income of $128,056 and notable in-place rents below market, the property offers a compelling 33% upside through continued rent growth and operational optimization. Its prime location provides residents with immediate access to one of the nation's best public transit systems, including proximity to BART, MUNI, and corporate tech shuttle lines, supporting long-term rental demand and investment stability
Location
State CA
County San Francisco
Area Sf District 9
Interior
Flooring Wood
Fireplace No
Appliance Dishwasher, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave
Laundry Laundry Closet, Washer/Dryer Hookups
Exterior
Total Parking Spaces 1
Building
Lot Description Sidewalk
Foundation Concrete
New Construction No
Others
Tax ID 3977011
NEARBY SCHOOL & BUSINESS
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