Buyer Representation
Buyer Representation
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.
Oversaw construction directly to maintain budget discipline and quality.
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.
Realized a ~60% uplift in property value post‑renovation, positioning for long‑term upside.
Deal Highlights
Location
Purchase Price
$
2,405,000
Want to understand how this approach applies to your property or situation? Let’s talk strategy.
Angus MacDonald
Broker
Get in Touch
Your Property. Your Strategy. Let’s Get It Right.
Whether you’re buying, selling, or navigating something more complex, we’ll define the smartest path forward together.
