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2 Hugo St - 2 Hugo Street 4 Unit Apartment Building Offered at $2,051,140 CAD at a 6% Cap Rate San Francisco, CA 94122
EXECUTIVE SUMMARY
Located on a quiet, tree-lined block just off Arguello Boulevard, 2 Hugo Street is a classic 1904 four-unit multifamily property in the heart of Cole Valley. The property sits on a 2,374 SF lot and offers approximately 3,000 square feet of living space across two stories plus a basement.
The building consists of three 1-bedroom / 1-bathroom units and one studio, complemented by three side-by-side garage parking spaces, basement storage rooms, and on-site shared laundry. The property features separately metered gas and electric, a concrete foundation, and a wood and brick exterior, providing a solid operational profile for long-term ownership.
From an investment standpoint, the property offers significant income upside. Two units are currently vacant and projected at $3,200/month market rent, while existing in-place rents remain well below market. Additional upside exists through parking optimization, with two parking spaces capable of generating market rents of approximately $350/month per space, as well as laundry and utility reimbursement income.
Situated moments from Cole Valley, Golden Gate Park, UCSF, transit lines, and neighborhood retail, 2 Hugo Street benefits from strong tenant demand, excellent walkability, and long-term appreciation fundamentals. This is an ideal opportunity for an investor seeking a value-add multifamily asset in a premier San Francisco location, or for an owner-user looking to combine lifestyle, income, and future upside.
The building consists of three 1-bedroom / 1-bathroom units and one studio, complemented by three side-by-side garage parking spaces, basement storage rooms, and on-site shared laundry. The property features separately metered gas and electric, a concrete foundation, and a wood and brick exterior, providing a solid operational profile for long-term ownership.
From an investment standpoint, the property offers significant income upside. Two units are currently vacant and projected at $3,200/month market rent, while existing in-place rents remain well below market. Additional upside exists through parking optimization, with two parking spaces capable of generating market rents of approximately $350/month per space, as well as laundry and utility reimbursement income.
Situated moments from Cole Valley, Golden Gate Park, UCSF, transit lines, and neighborhood retail, 2 Hugo Street benefits from strong tenant demand, excellent walkability, and long-term appreciation fundamentals. This is an ideal opportunity for an investor seeking a value-add multifamily asset in a premier San Francisco location, or for an owner-user looking to combine lifestyle, income, and future upside.
PROPERTY FACTS
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Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 1749-010 | Improvements Assessment | $522,322 CAD |
| Land Assessment | $508,930 CAD | Total Assessment | $1,031,782 CAD |
PROPERTY TAXES
Parcel Number
1749-010
Land Assessment
$508,930 CAD
Improvements Assessment
$522,322 CAD
Total Assessment
$1,031,782 CAD
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2 Hugo St - 2 Hugo Street
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