$2,795,000

In the heart of Cole Valley, 124-126 Parnassus Ave is a handsome three-unit Edwardian offering historic San Francisco character, extensive permitted improvements and exceptional flexibility for an owner occupant or investor. Built in 1909 and encompassing approximately 4,142 sq ft per graphic artist measurements, the property includes two remodeled vacant residences and one tenant-occupied unit. Set just off Cole Street, the location is quintessential Cole Valley, with cafs, restaurants, shops, the N-Judah and nearby parks all moments away. Major improvements include a brand-new permitted roof, permitted seismic and structural retrofit, completely new permitted electrical system with 400-amp service, new gas lines, new heating systems, recessed lighting, fresh interior and exterior paint, and a newly landscaped rear yard with new deck. The vacant lower residence offers three bedrooms, a separate living room, full bathroom and additional water closet. The middle and upper residences each offer three bedrooms, a parlor and formal dining room, with generously proportioned rooms and flexible layouts. Original details include moldings, fireplace mantels and period tilework. Both vacant residences feature all-new kitchens, extensively updated bathrooms, hardwood flooring throughout, new kitchen windows, stainless steel appliances, new lighting, brand-new furnaces and Nest thermostats. Kitchens feature thin-frame Shaker cabinetry, quartz countertops and new sinks and faucets. Each residence has dedicated laundry, with new full-size washers and dryers in the vacant units. The upper residence enjoys outlooks toward Sutro Tower, Ashbury Heights and Lone Mountain. The 3,436 sq ft lot includes a landscaped yard with ample space for gardening and entertaining. A large garage provides parking for three cars, all available to the new owner, plus additional rear storage. With two renovated vacant residences, one existing tenancy, three-car parking, outdoor space and substantial permitted improvements already completed, this is a rare Cole Valley offering.