24th Street — Noe Valley
Repositioning and co-living conversion in San Francisco's vibrant Noe Valley neighborhood
The Opportunity
This Noe Valley property represented a classic Blok Capital opportunity: an under-managed building with outdated units and below-market rents in a high-demand neighborhood. The property required comprehensive renovation to bring units to market standards and optimize floor plans for maximum bedroom count.
Our Approach
Blok Capital acquired the property and executed a full repositioning strategy. Our in-house team renovated all units with modern finishes, updated kitchens and bathrooms, and reconfigured layouts to create 18 bedrooms across 6 co-living units. All construction was managed internally, achieving significant cost savings versus market contractor rates.
Scope of Work
- Full unit renovations
- Kitchen and bathroom upgrades
- Co-living conversion (18 bedrooms)
- Floor plan optimization
- Electrical system updates
- Common area improvements
The Results
The renovated property now offers 18 high-quality bedrooms at market rents, significantly outperforming pre-renovation income. The Noe Valley location ensures strong tenant demand and low vacancy. This project exemplifies Blok Capital's repeatable value-add playbook.
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