The Albion is proudly situated in the Mission Dolores coveted neighborhood on the corner of Albion & Camp Streets and represents a rare opportunity to own a meticulously maintained TROPHY three-unit building, perfect for the savvy investor or a buyer who is looking to offset living expenses with strong income-producing units.
Detached on three sides and comprising over 5,400 sq ft of living space, with side-by-side parking for 4 cars, and a stunning 2-level top-floor owners' unit, we offer a truly an amazing buying opportunity in a highly coveted location of San Francisco, especially being in the heart of the red hot Valencia Corridor of the Mission.
The Albion was built in 1906 as part of the rebuilding of San Francisco after the Great Earthquake and Fire, and retains many of the original majestic details of its handsome Edwardian style, with careful/curated edits to its interiors for more modern living.
In 2017, the building structure was strengthened to endure for the future with a series of significant seismic upgrades (with permit), structural plans for which are available for review. The structural upgrades are just one of a myriad of updates & improvements the owner has undertaken during the more than a decade as caretaker of this magnificent, historic building.
The Albion | Unit Details
Unit 150 (vacant) is a spacious full-floor flat and features three large bedrooms, a remodeled kitchen with quartz countertops and stainless steel appliances, plus an office space.
Unit 152 (tenant-occupied) is also a full-floor flat with similar features.
Unit 154 (vacant) is the Albion's spectacular 2-level house-like penthouse. It features five large bedrooms, two bathrooms, a large updated kitchen opening to a gracious keeping room/dining room. Upstairs, the enormous master suite offers vaulted ceilings, a fireplace, and downtown views. A rare opportunity for investors and owner-occupier w/ income buyers.
The Albion | Rents:
Three Unit rent projection: $13,225
Parking Spaces (3) @ $300/space $900 (projected)
Gross Income: $169,501 (projected)
GRM: 17.55 (projected)
CAP Rate: 4.1% (projected)
The Albion | Expenses (not including property taxes):$12,988 per year Including
$12,988 per year Including: (Average of 2016, 2017, 2018, & 2019 actual expenses)