649651 Francisco St

Offered at: $9,700,000

Year Built: 1950

MLS#: ML82028562

Status: Active

Property Description

This unique corner property combines a highly coveted, commercially zoned space with two extensively remodeled residential units, 649 and 651 Francisco. The residential spaces seamlessly blend preserved original charm with luxurious modern amenities, including all-new windows, beautiful hardwood flooring, and in-unit washer/dryer hookups. Unit #649 (configured as an ADU) is a light-filled three-bedroom, two-bathroom unit featuring sky windows/skylights and a magnificent master en-suite leading to a private, 250 sq ft deck. Unit #651 offers two bedrooms, two bathrooms, a large kitchen/dining area, its own separate deck, and an easily convertible additional room for a potential third bedroom. Both units are rented for approx. 5k each. The ground-floor commercial space at 1095 Columbus Ave was formerly a cannabis dispensary (Cannabis 21) and is zoned for cannabis retail use, previously leased at a substantial $20,000 NNN per month. The building is positioned for a Fast-Track condo conversion (totaling three units: one commercial, one residential, one ADU), offering significant potential to maximize returns. Flexible Seller Financing is available to qualified buyers with a substantial down payment (40-50%). All three properties combined generate approx. 360k annually.