San Francisco, CA
Offered at $2,595,000
View Floor Plan
A Marina Exclusive…NOT Located in the Liquefaction Zone!! Welcome to 1320-1322 Chestnut Street, a lovingly maintained 2-unit Edwardian building perfect for Investors, Owner/ Users, T.I.C. Partners or an excellent 1031 exchange opportunity. The building features
TWO large full floor flats, a good-sized garage which will park 3-4 cars, a beautifully landscaped rear garden and THREE huge storage rooms at the ground floor level.
The upper flat (1320) is approximately 1860 square feet and retains all of the charm & original details of the 1920’s. The formal living room boasts a wood-burning fireplace with brick surround, the formal dining room & kitchen features multiple built-in hutches, adjacent to the kitchen is a private laundry porch and 3 good-sized bedrooms & 1 split bathroom complete this flat. Unit 1320 is currently rented at $1407.72/month.
The lower flat (1322) is approximately 1755 square feet and has been slightly modernized for a more contemporary feel. This unit features a large open living/dining room with decorative fireplace, eat-in kitchen with laundry nook, 3 bedrooms & 2 full bathrooms. Unit 1322 is currently rented at $4349.26/month.
The building has excellent development/expansion potential at the ground floor level. Behind the garage are THREE vacant storage rooms (approximately 630 square feet) ready for your imagination. At the very rear of the property is a flowering courtyard/garden filled with sunlight and perfect for entertaining.
1320-1322 Chestnut Street has a Walk Score of 94! This fabulous Marina location is considered a Walker’s Paradise because almost everything you need is right outside your front door. Located just steps from popular Polk Street & a quick walk to all the fabulous restaurants, shops, cafes, coffee houses & fitness studios on both Union & Chestnut Streets. Nearby parks include Russian Hill Park & Fort Mason Historic District and easy transportation along Van Ness Ave., Highway 101 & several tech shuttle stops within 4 blocks.
Building Square Footage: 3612 (per tax records)
Lot Square Footage: 2840 (per tax records)
Estimated Expenses for 2017