Welcome to 1427–1431 Grant Avenue, a beautifully reimagined four-unit mixed-use building in the heart of San Francisco's historic North Beach. Built in 1907 and recently taken down to the studs, this turn-key property received over $1.2 million in fully permitted renovations.
The units are finished with high-end, condo-like specifications, including a new 400-amp electrical panel and wiring throughout the entire building, all-new copper fresh-water plumbing, all-new ABS wastewater plumbing, and individual water sub-meters for each unit to help lower operating expenses for future owners. Additional upgrades include a new roof and rooftop deck, dual-pane windows, brand-new kitchens and bathrooms, new walls and insulation, new skylights, new flooring, and new systems throughout.
The residential units were designed by a renowned interior designer and feature impressive 10.5-foot ceilings. Each unit includes central heating with its own furnace, in-unit laundry, wide plank oak engineered flooring, quartz countertops, custom cabinetry, an individual tankless water heater, and access to a private rooftop deck with stunning views. The top-floor unit also features skylights, a Viking refrigerator and dishwasher, a Miele washer and dryer, and an LG cooktop and oven.
The premium unit mix features two 1,177 SqFt full-floor two-bedroom/two-bathroom flats, one 460 SqFt junior one-bedroom, and a ground-floor retail unit fronting iconic Grant Avenue — one of the city's most walkable pedestrian corridors — with a second entrance on Bannam Alley. The property has not been occupied since the renovation was completed, making it ideal for an owner-occupant, a family compound, or an investor curating high-income tenants at market rents. A large garage offers tandem parking for up to three cars plus extra bike storage, and the new rooftop deck provides a private retreat with sweeping views of Coit Tower, the Transamerica Pyramid, Telegraph Hill, and Saints Peter and Paul Church.
North Beach is one of San Francisco's most beloved neighborhoods — a walkable, café-lined district. The property is just steps from Sotto Mare, Golden Boy Pizza, Molinari's Deli, the cafés and boutiques of Grant and Columbus Avenues, and Washington Square Park.
Offered at $3,800,000, with a scheduled net operating income of $202,462 and a 5.3% cap rate. With San Francisco posting some of the highest rent growth in the country, 1427–1431 Grant Avenuerepresents a compelling opportunity for owner-occupants and cash-flow- and appreciation-minded investors alike.