Two fabulous remodeled flats near Mountain Lake Park. Sold separately as TICs

Features

• FULL BUILDING: $2,450,000 OR SOLD SEPARATELY AS TICs
• #124 UPPER FLAT: $1,100,000. 3 bedrooms + den, 2 full baths. Chef's kitchen open to dining room. Living room with WB fireplace. In-unit washer/dryer. 1 car indep. parking. Deck off den + roof deck rights.
• #122 LOWER FLAT: $1,350,000. 2-level house-like residence. 4 bedrooms + family room, 3 full baths. Gourmet kitchen open to DR. Living room with WB fireplace. 1 car indep. parking. Yard.
• Offered for: $2,450,000

More

Sophistication, Quality, Location. And, fast-track condo conversion opportunity. Just one block from the 8th Avenue entrance to Mountain Lake Park, these two meticulously renovated flats offer all the best in San Francisco's treasured Lake District.

The extensive expansion and renovation was completed in 2011 based on floor plans designed by the respected San Francisco architect, David Armour. The interior finishes include luxurious materials combined beautifully in a sophisticated palette.

Architectural details include box beam ceilings and a consistent use of period moldings - creating the perfect canvas for ones personal interior decor. A tasteful blend of Carrera Massa marble and tiles appoint the gourmet kitchens and serene baths. The master baths are appropriately ensuite. There is beautiful hardwood flooring and well planned lighting throughout the residences.

Careful thought was also given to indoor-outdoor living, with exclusive use outdoor space for each residence offering a truly special and private element. Gas hookups have been provided for outdoor grills. The lower flat includes a landscaped garden with large lawn and stone patio directly accessed from the family room and fourth bedroom. The upper flat includes a deck accessed via the den, plus roof deck rights.

Inside, the gas kitchens feature high-end appliances (Viking stoves, hoods & refrigerators; Bosch dishwashers), farmhouse sinks and intelligent working spaces - all carefully planned by the James Beard-nominated Rising Star chef/owner and well known local restaurateur who previously lived, cooked and entertained in #124 with his family.

While attention has been given to aesthetics, infrastructure improvements were just as important. The residences have been outfitted with new windows in most locations (and skylights in #124) to ensure maximum light; added insulation serves to further increase energy efficiency. Warm floors enhance enjoyment of most baths. The electrical service has been completely replaced and upgraded with wiring for CATV provided in multiple locations per residence. New water heaters and furnaces were added, and the plumbing has also been completely replaced. Significant structural upgrades were completed; plans are available for review.

The Lake District neighborhood offers convenient shopping and the much loved Mountain Lake Park, with opportunities to enjoy the sun, tennis, basketball, tai chi plus a wide range of other recreational opportunities.

TIC Ownership
Two-unit, owner occupied buildings are presently eligible for fast-track condominium conversion after 12 months thanks to bypassing the condo lottery. There have been no known Ellis Act or OMI evictions at 122-124 8th Avenue.
2011 Paul Law TIC Agreement customized for 122-124 8th Avenue is provided.
Group or fractional financing is available.

Additional Remarks

• *Square footage is per architect's permit plans submitted to City and has not been verified by the Broker. Buyer is advised to investigate.
• Offers on individual units (versus the entire building) are to include a TIC Purchase Addendum and TIC Disclosure form.
• Two pets are allowed per residence, per the TIC Agreement.

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