Owner/Principal

Owner/Principal

Owner/Principal

Owner/Principal

Dual-Exempt Richmond Duplex Transformation

San Francisco, CA

8

Beds

6

Baths

4,553

sq.ft

Overview

We acquired and oversaw the full renovation of a rare dual‑exempt 2‑unit condo building in San Francisco’s Richmond District, delivering both strong cash flow and 60%+ upside post‑renovation. Acting for ourselves as owner‑builder allowed us to tightly control costs and quality, turning a raw asset into a high‑performing investment while shifting risk away from the client.

Value Delivered

Sourced a dual‑exempt asset (low rent‑control risk) in a tight market.

Sourced a dual‑exempt asset (low rent‑control risk) in a tight market.

Sourced a dual‑exempt asset (low rent‑control risk) in a tight market.

Oversaw construction directly to maintain budget discipline and quality.

Oversaw construction directly to maintain budget discipline and quality.

Oversaw construction directly to maintain budget discipline and quality.

Executed full interior & exterior upgrades to modernize finishes and maximize appeal.

Executed full interior & exterior upgrades to modernize finishes and maximize appeal.

Executed full interior & exterior upgrades to modernize finishes and maximize appeal.

Achieved rental income from the second unit sufficient to cover 120% of ownership cost.

Achieved rental income from the second unit sufficient to cover 120% of ownership cost.

Achieved rental income from the second unit sufficient to cover 120% of ownership cost.

Realized a ~60% uplift in property value post‑renovation, positioning for long‑term upside.

Realized a ~60% uplift in property value post‑renovation, positioning for long‑term upside.

Realized a ~60% uplift in property value post‑renovation, positioning for long‑term upside.

Deal Highlights

Off-Market Deal

Off-Market Deal

1031 Buyer/Seller

1031 Buyer/Seller

Rental / Income Property

Rental / Income Property

TIC or Condo Structure

TIC or Condo Structure

Value-Add or Renovation Play

Value-Add or Renovation Play

Repeat Client

Repeat Client

Dual Agency

Dual Agency

Financing Was a Key Factor

Financing Was a Key Factor

Location

Purchase Price

$

2,405,000

Want to understand how this approach applies to your property or situation? Let’s talk strategy.

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Angus MacDonald
Broker

Angus MacDonald
Broker

Angus MacDonald
Broker

Get in Touch

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