Located on a quiet, tree-lined block just off Arguello Boulevard, 2 Hugo Street is a classic 1904 four-unit multifamily property in the heart of Inner Sunset / Cole Valley, just one short block from the UCSF Parnassus Campus. The property sits on a 2,374-square-foot lot and offers approximately 3,000 square feet of living space across two levels plus a basement. The building includes three 1-bedroom/1-bath units and one studio, along with three side-by-side garage parking spaces, basement storage rooms, and on-site shared laundry. Additional features include separately metered gas and electric, a concrete foundation, and a wood-and-brick exterior, providing a solid operational profile for long-term ownership. From an investment perspective, the property presents meaningful income upside. Two units are currently vacant and projected at $3,200 per month at market rent, while in-place rents remain well below market. Further upside exists through parking income, with two spaces capable of generating approximately $350 per month per space, as well as laundry and utility reimbursements. Moments from Cole Valley, Golden Gate Park, UCSF, transit lines, and neighborhood retail, 2 Hugo Street benefits from strong tenant demand, excellent walkability, and long-term appreciation fundamentals. This is an ideal value-add opportunity for investors or an attractive option for an owner-user seeking to combine lifestyle, income, and future upside in a premier San Francisco location.