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701 27th Ave
San Francisco, CA 94121
Duplex Priced $285K Below 2025 Appraisal · Multifamily Property For Sale
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2 Units
Investment Highlights
- Exceptional Rent Upside — Approximately 132% gross rent upside upon unit turnovers
- Compelling Value-Add Basis: Appraised at $1,780,000 in 2025 in its current occupied condition
- #1 Rent Growth in the Nation: San Francisco leads all U.S. cities in rent growth, up roughly 22% year-over-year in 2026, driven by AI-sector hiring
- Unit Mix: upper residence (Unit 703) three-bed/two-bath (1,389 SF) while the lower (Unit 701) is a spacious two-story four-bed/two-bathroom (2,228 SF)
Executive Summary
701–703 27th Avenue is a classic Central Richmond duplex, built in 1915 and offering approximately 3,600 square feet of building area on a 2,905-square-foot corner lot. The property comprises two well-proportioned units. The upper residence (Unit 703) is a bright, upper-level three-bedroom, two-bathroom home of approximately 1,389 square feet, while the lower residence (Unit 701) is a spacious two-story, four-bedroom, three-bathroom unit of approximately 2,228 square feet currently operated as a daycare. Both units are held by long-term tenants, providing stable, in-place income, and a detached two-car garage offers tenant parking or the optionality of a future ADU conversion.
With rents held well below market by long-term tenancy, the property offers approximately 132% upside in gross rents as units turn over to market. Substantial banked rents may also be available. San Francisco currently leads the nation in rent growth, with rents climbing roughly 22% year-over-year in 2026, the fastest pace of any U.S. city, propelled by AI-sector hiring and a critical shortage of new housing supply. The asset was appraised at $1,780,000 in January 2025 in its current, occupied condition. With comparable Central Richmond duplexes commanding a significant premium when delivered vacant, 701–703 27th Avenue presents a compelling value-add opportunity for investors positioned to capture that spread over time.
The property is located in the highly desirable Central Richmond district, with immediate walking access to the diverse culinary hotspots, boutique shopping, and independent cafés along Geary Boulevard and Balboa Street. The property is located two blocks from Golden Gate Park as well as a short distance to the Presidio and Ocean Beach. Rapid transit along the 38-Geary corridor links residents directly to Downtown San Francisco, striking the balance between a fast-paced city career and an active, outdoor-oriented lifestyle.
With rents held well below market by long-term tenancy, the property offers approximately 132% upside in gross rents as units turn over to market. Substantial banked rents may also be available. San Francisco currently leads the nation in rent growth, with rents climbing roughly 22% year-over-year in 2026, the fastest pace of any U.S. city, propelled by AI-sector hiring and a critical shortage of new housing supply. The asset was appraised at $1,780,000 in January 2025 in its current, occupied condition. With comparable Central Richmond duplexes commanding a significant premium when delivered vacant, 701–703 27th Avenue presents a compelling value-add opportunity for investors positioned to capture that spread over time.
The property is located in the highly desirable Central Richmond district, with immediate walking access to the diverse culinary hotspots, boutique shopping, and independent cafés along Geary Boulevard and Balboa Street. The property is located two blocks from Golden Gate Park as well as a short distance to the Presidio and Ocean Beach. Rapid transit along the 38-Geary corridor links residents directly to Downtown San Francisco, striking the balance between a fast-paced city career and an active, outdoor-oriented lifestyle.
Property Facts
| Price Per Unit | $1,042,075 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 2.72% | Building Size | 3,600 SF |
| Gross Rent Multiplier | 21.43 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Zoning | RH-2 | ||
| Price Per Unit | $1,042,075 CAD |
| Sale Type | Investment |
| Cap Rate | 2.72% |
| Gross Rent Multiplier | 21.43 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.07 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RH-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $4,536 CAD | 2,228 |
| 3+2 | 1 | $3,565 CAD | 1,389 |
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