2356-2358 Jones ST, San Francisco, CA 94133
2356-2358 Jones ST, San Francisco, CA 94133
2356-2358 Jones ST, San Francisco, CA 94133
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Gino V Franco Marcus & Millichap
$2,400,000
Est. payment /mo
4 Beds
2 Baths
2,436 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,436 sqft

Price per Sqft $985

MLS Listing ID 426160706

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1917

Lot Size 1,624 Sqft

Acres 0.0373

Property Sub-Type Duplex

Property Description

2358 Jones Street presents a compelling multifamily investment opportunity in San Francisco's highly desirable Russian Hill neighborhood. Originally constructed in 1917, this two-unit residential asset offers a well-maintained profile within one of the city 's most sought-after neighborhoods, providing future residents with convenient access to premier retail, dining, recreation, and lifestyle amenities. In-place rents of $8,100 per month ($97,200 annually) sit approximately 38% below the scheduled market rent of $13,000 per month, equating to gross potential rent of $156,000 annually. Supported by nation-leading rent growth, the asset offers significant upside through a mark-to- market to $6,500 per month per unit. Offered at $2,400,000 - equating to $1,200,000 per unit and $985 per square foot - the Property provides investors with an attractive basis and a clear path to stabilized cash flow. Strategically located in Russian Hill, 2358 Jones Street benefits from strong renter demand, surging year-over-year rent growth, and proximity to San Francisco's premier residential amenities. The combination of rents 38% below market, substantial mark-to-market upside, and an irreplaceable location creates an opportunity to acquire a high-quality residential asset with immediate stabilization and long-term appreciation potential.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Fireplace No

Exterior

Total Parking Spaces 1

Building

Lot Description Landscaped, Sidewalk

Story 2

Level or Stories Two

New Construction No

Others

Tax ID 0066018

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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