Description
First Time on Market in Almost 30 Years. Same Family Ownership for 3 Generations. Good, Convenient Location in South San Francisco: 15-Minutes to Downtown San Francisco / 17-Minutes to Downtown San Mateo. Property Situated Across from Oyster Point Exit & South SF Exit Off 101. Easy Access to Most SSF Biotech Employers 5 Minutes to Genentech HQ. Property Offers 3 Contiguous Parcels to be Purchased Together: 21-Unit Apartment Property + 2 Single Family Homes. 2 Bedroom / 1.5 Bath Cottage Style Home (730 Sq. Ft.). Currently Tenant-Occupied on Month-To-Month Basis at $1,500/Month. Potential Owner-User Opportunity: Purchase 3 Parcels Together, Move Into 1 or 2 Single Home(s) & Receive Cashflow From 21-Unit Apartment. Potential Arbitrage Opportunity: Purchase 3 Parcels Together, Divest 2 Single Family Homes After Staging, Reduce Cost Basis for 21-Unit Apartment. Property Must Be Purchased With 144 Gardiner Ave (2 BR/1 BA Home), and 146-150 Gardiner Ave (21-Unit Apartment Property).
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