1422-1428 Grove St. 9 Units NOPA

Situated in the heart of San Francisco’s highly sought-after North Panhandle neighborhood, 1422–1428 Grove Street is ideally positioned between Baker and Broderick Streets, just steps from the Panhandle and minutes from Golden Gate Park. The location offers immediate access to Divisadero Street’s vibrant mix of dining, cafés, and retail, along with convenient public transportation and proximity to some of the city’s most desirable residential enclaves, including Hayes Valley, NoPa, and Alamo Square.

Originally constructed in 1900, the property underwent a comprehensive renovation between 2001 and 2004. Improvements included extensive upgrades to electrical, plumbing, gas and water lines, roof and windows, fully renovated kitchens and bathrooms, updated lighting, a new foundation for the rear 1422 & 1422A structure, concrete capping of the 1424–1428 structure, and a completed soft-story retrofit. The property is fully compliant with fire alarm requirements, including sleeping horns and off-site alarm monitoring.

The property spans a 3,438 square foot lot and consists of two separate structures. The front building, addressed as 1424–1428 Grove Street, contains seven units comprised of six one-bedroom/one-bath units and one two-bedroom/one-bath unit. A paved central courtyard separates the front structure from the rear building at 1422 Grove Street, which includes two additional two-bedroom/one-bath units. Total building square footage is approximately 8,202 square feet per public tax records. Unit layouts are well designed and benefit from abundant natural light, fireplaces, in-unit washer/dryers, gas kitchens, individual PG&E meters, individual gas furnaces, and separate water heaters.

The property is currently 100% occupied and offers significant rental upside across all units. With its timeless architectural appeal, updated infrastructure, low operating expenses, and strong in-place income, 1422–1428 Grove Street represents a compelling long-term investment opportunity in one of San Francisco’s most enduring and desirable neighborhoods.

·         Pride of Ownership, Turnkey Property

·         Six 1-Bdrm/1Ba & Three 2-Bdrm/1Ba Units

·         All Units Equipped w/Washers & Dryers

·         Separate PG&E Meters, Water Heaters, & Individual Heat

·         Complete Rehab 2001-2004

·         Rehab Includes Electric, Plumbing, Gas & Water Lines, Roof, Windows, & Seismic

·         Alarm Horns and Fire Alarm Monitoring Compliant

·         11.89 GRM, 5.86 Cap w/Significant Upside