FOR SALE: Renovated 4-Unit Multifamily | $1,950,000 | 7.33% Cap Rate Turn-key, fully occupied 4-unit income property in a prime, high-demand rental market. Generates $12,669/month or $152,028/year in gross income. Professionally managed (6% fee), with a Net Operating Income (NOI) of $142,906 and a strong 7.33% Cap Ratewell above area average. GRM is a competitive 12.82. All units have been recently upgraded with $100,000+ in renovations, including new kitchens, bathrooms, flooring, lighting, and major system updates, minimizing future capex. With a 20% down payment plus improvements ($490K cash in), the projected Cash-on-Cash Return is an impressive 29.16%, assuming modest leverage. Property offers off-street parking and tenant-friendly amenities. Ideal for both seasoned investors and first-time multifamily buyers. Stable income, low vacancy, upside in rents and appreciation. Perfect for 1031 exchange. Rare opportunity to acquire a modern, income-producing asset with minimal maintenance and excellent financials. Contact for full financials and private tour.
Listed by Arash Khalatbari
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License #01830385
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Extramile Property Management
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9106852
Last updated August 21, 2025
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Source: BAREIS #425043067
Listing Facts
TypeSingle-family
NeighborhoodOuter Mission
Days on Prevu103
Size3,881 sqft
Price per sqft$477
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
08/21/2025
Price Decreased
$1,850,000
05/29/2025
Listed by Extramile Property Management
$1,950,000
Property Details for 108 Naglee Avenue
Exterior
Construction
Number Of Units Total: 4
Property Condition: Updated/Remodeled, Original
Roof: Shingle, Flat
Year Built: 1920
Architectural Style: Contemporary
Construction Materials: Wood, Frame
Measurements
Lot Size Acres: 0.06
Lot Size Source: Assessor Auto-Fill
Lot Size Square Feet: 2,800
Lot Size Units: SqFt
Financial
Taxes
Parcel Number: 7065-007
Interior
Features
Appliances: Varies By Unit, Free Standing Refrigerator, Free Standing Freezer, Free Standing Electric Range
Flooring: Wood, Varies By Unit, Carpet
Measurements
Living Area: 3,881
Living Area Source: Assessor Auto-Fill
Utilities
Equipment
Heating: Varies By Unit, Central
Laundry Features: Varies By Unit
Utilities: Internet Available, City
Water Source: Public
Based on information from Bay Area Real Estate Information Services, Inc. and/or other sources.
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