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Listed by Adam D Filly Compass Commercial
$3,500,000
Est. payment /mo
30 Beds
9,810 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,810 sqft
Price per Sqft $356
MLS Listing ID 425058792
Bedrooms 30
HOA Y/N No
Year Built 1909
Lot Size 4,464 Sqft
Acres 0.1025
Property Sub-Type Multi Family
Property Description
388 5th Street is a 12-unit apartment building in San Francisco's South of Market neighborhood. This building has been exempted from San Francisco's rent control via substantial rehabilitation in 1989, allowing the landlord to increase rents without typical SF limitations. The property consists of 6 three-bedrooms and 6 two-bedrooms. The units are well maintained and have functional layouts that work well for roommates or families. The structure and systems appear to be very well maintained. The property underwent a soft-story seismic retrofit in 2018. The units are separately metered for gas and electricity, and each has its own water heater, keeping operating expenses very low. The property's location provides easy access to the freeway, downtown, and many neighborhood amenities. This is truly a rare opportunity to purchase a building without SF rent control restrictions.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Building
Lot Description None
New Construction No
Others
Tax ID 3753009
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