Description

701 27th Avenue is a 1915 Central Richmond duplex on a 2,905 sq ft corner lot with approximately 3,600 sq ft of building area. Unit 703 is a bright upper-level 3-bed/2-bath of approximately 1,389 sq ft, while Unit 701 is the lower-level two-story 4-bed/3-bath of approximately 2,228 sq ft, currently operating as a daycare. Both units are occupied by long-term tenants, providing stable in-place income. The property also features a detached two-car garage, offering tenants parking or giving ownership the potential for an ADU conversion. Appraised at $1,780,000 in 2025 in its current, occupied, as-is condition and now offered at $1,495,000, the property is priced well below its appraised value. With in-place rents also well below market, it presents a compelling opportunity for the value-add investor to capture both immediate equity and long-term income growth. Substantial banked rents may also be available. The property is steps from the dining, cafes, and boutique shopping along Geary Boulevard and Balboa Street, with Golden Gate Park, the Presidio, and Ocean Beach close by and 38-Geary transit to downtown.