See all 39 photos
39 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Adam D Filly Compass Commercial
$3,750,000
Est. payment /mo
19 Beds
11,436 SqFt
OPEN HOUSE
Tue Aug 05, 9:00am - 11:00am
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,436 sqft
Price per Sqft $327
MLS Listing ID 425060359
Bedrooms 19
HOA Y/N No
Year Built 1907
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Multi Family
Property Description
11-unit building located between Washington and Jackson Streets. It has been owned by the same family for many years and now offers a new owner the chance to take advantage of six vacant two-bedroom units in a strong rental market. Five units were recently occupied by family members. Three of the vacant units have been tastefully updated and are ready to rent with little or no additional improvements. All two-bedroom units include in-unit laundry or the space to add it, enhancing rental potential. The units feature wood floors, built-in cabinetry, and decorative fireplaces. The building's main electrical service is 200 amps, and all panels have been recently upgraded. Each apartment is separately metered for PG&E, and tenants pay for heat, keeping operating expenses low. At the ground level, there are several storage areas for owner use or potential rental income. The property has been well maintained, resulting in minimal ongoing upkeep. The location offers tenants convenient access to Nob Hill, Russian Hill, Pacific Heights, and the Van Ness corridor, with Downtown and the Financial District also easily reachable. Priced at a 10.3 GRM and a 6.5% Cap Rate, this is a strong opportunity to benefit from a healthy rental market and San Francisco's on going resurgence.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description None
New Construction No
Others
Tax ID 0188014
Read Less Info
GET MORE INFORMATION
