
Buyer Representation


Buyer Representation
Dual-Exempt Richmond Duplex Transformation
San Francisco, CA
8
Beds
6
Baths
4,553
sq.ft
Overview
I bought this building myself. A rare dual-exempt 2-unit condo in San Francisco's Richmond District—my neighborhood. The structure meant low rent-control risk, and the condition meant upside. I served as owner-builder for the full renovation: exterior envelope, waterproofing, windows, full interior upgrades on both units. No general contractor. I pulled the permits, managed the subs, and lived on-site for two years. The result: rental income from the second unit covers 120% of ownership costs, and the building's value increased roughly 60% post-renovation. This wasn't a client project—it was my own capital, my own risk, and my own execution. It's the reason I can advise clients on renovation scope, budgets, and timelines with firsthand credibility. If you're weighing a renovation, a hold-vs-sell decision, or trying to understand what a property could become—I've done the work. Literally.
Value Delivered
Sourced a dual-exempt asset with low rent-control risk in a competitive market
Served as owner-builder—no GC—managing all construction, permits, and subs directly
Executed full interior and exterior renovation across both units
Achieved rental income covering 120% of total ownership costs
Realized ~60% value uplift, positioning for long-term hold or phased exit
Deal Highlights
Location
Purchase Price
$
2,405,000
Want to understand how this approach applies to your property? Let's talk.

Angus MacDonald
Contact
Your Property. Your Strategy. Let’s Get It Right.
Whether you're buying, selling, or navigating something more complex, I'll define the smartest path forward with you.
