495 32nd Avenue

Property Description

Located at 495 32nd Avenue, the Del Rey Apartments offer a unique chance to own a prime property in the highly desirable Richmond District. This stately corner building features 12 exceptionally spacious, house-like units, ideal for rentals or Tenancy-in-Common (TIC) conversions. The property includes eight 2bd/2ba, three 1bd units, and one Penthouse. At the close of escrow, seven units will be delivered vacant, providing immediate flexibility for new owners. The size and scale of these units are rare for San Francisco, with each featuring large separate living and dining rooms—offering opportunities to expand bedroom counts or remodel with modern finishes and amenities. Many units enjoy panoramic views of the Richmond District, Golden Gate Bridge, and benefit from abundant natural light. The building showcases classic period details, including hardwood floors, built-in cabinetry, and timeless architectural elements. Additionally, the building is serviced by an elevator, enhancing convenience for tenants. The garage provides parking for five cars, and a large basement offers ideal storage space for tenants or owners. Currently, the electrical system is being upgraded to 400 amps with new panels and breakers, ensuring the property is equipped for modern living. This property presents a tremendous opportunity for contractors or developers with an appreciation and understanding of this asset’s tremendous potential.