150-154 Valley St | Noe Valley
Sold Price: $2,100,000
Property Type: 3 Unit Building w/Unwarranted In-Law Studio
Property Stats: 3 Car Parking // 3,838 Square Feet
San Francisco Neighborhood: Noe Valley
Property Details: Gorgeous 3 unit building with bonus in-law studio behind garage. 2-1 bedroom/1 bath tenant occupied units on top floor. Large full floor 3 bedroom/2 bath vacant flat on main level. Hardwood floors, detailed crown moldings, corner fireplace in living room, formal dining room, remodeled kitchen that opens to patio, en-suite master, 2nd bath with clawfoot tub, stackable washer/dryer in unit. Tenant occupied bonus in-law overlooks yard. 2 sxs garage with 1 independent parking dedicated to vacant unit & 2 tandem parking shared with rentals. Building washer/dryer in basement. Beautiful landscaped common rear yard space & hot tub. Close to Noe Valley amenities & nearby freeway access to South Bay. Great as an owner occupier or investment.
Client Story: At Red Bridge Group we walk the talk: we own, manage and invest in San Francisco real estate. Our clients were referred to us because a father wanted his daughter to invest in an apartment building to live in while she was attending UC Hastings.
This 3 unit building allowed her to move into the owner’s unit, rent two rooms to friends and have considerable income from remaining the two units and in law. Instead of paying rent she is having others pay down her housing expenses for her.
Here is how we got into contract with a financing contingency (and beat 3 other cash offers):
- Red Bridge Group emphasized our client was the best buyer for the property: a young woman looking to become a property manager and owner. The seller valued this hard work.
- Asked to present the offer to the sellers and their listing agent. This allowed us to discuss the property, the tenant complexities and the financing.
- Presented a fully signed disclosure package with additional documents that the listing agent did not include. Sometimes it is best to show the agent on the other side of the deal that you will help complete their work for them.