$2,400,000

Duplex In San Francisco

  • 4 Beds
  • 2 Baths
  • 2,436 Sqft
  • 1,625 Sqft lot
  • Updated: September 11
  • Source:
    San Francisco Association of REALTORS MLS  MLS#426160706

About the Property

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 ame
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.
  • Property type

    House

  • Floors

    2

  • Year built

    1917

  • Price/sqft

    $985

Features

  • Garage
  • Fireplace
  • Garden
  • Water View
  • Duplex
  • Investment Property
  • City View

Explore the Area

2356-2358 Jones Street, San Francisco, California, United States View on Google Maps
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Marcus & Millichap - San Francisco

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Marcus & Millichap - San Francisco
California, United States
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12
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2025
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Marcus & Millichap - San Francisco
San Francisco, California, United States
View agency profile
Last updated
September 11
First listed
Sep 11
Listing reference
426160706
Listing status
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