577 Castro

This outstanding multi-family/ mixed-use property is located in the historic Castro District of San Francisco. The 1920’s Marina Style architecture is one of the most appealing vintage designs to San Francisco investors, and this building exemplifies the reasons why. These units feature large rooms, high-ceilings, abundant natural light, and great period detail. The scale of these units should allow a new owner to convert the 1bd units to 2bd upon turnover, adding tremendous value. The commercial tenant, Anchor Oyster Bar, has been a fixture in the neighborhood since 1977. Their current lease term runs through October 2023. Adjacent to the commercial space is a large garage that can accommodate 7 cars. Alternatively, the sellers have approved plans for the addition of two ADU, both 2bd/2ba, in the garage space that the new owner may choose to construct. With nearly 60% upside remaining in the rents, multiple ways to add-value, and an amazing location, 577 Castro Street will make a great addition to any real estate portfolio.