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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 7,295,000
Est. payment | /mo
16,768 SqFt
$ 7,295,000
Est. payment | /mo
16,768 SqFt
Open House
Fri Oct 09, 2:00pm - 4:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,768 sqft
Price per Sqft $435
MLS Listing ID ML82063777
Year Built 1924
Lot Size 6,621 Sqft
Property Sub-Type Five or More Units
Property Description
33 apartments in a four-story elevator building in the Tenderloin, built in 1924: 24 junior one-bedrooms, 7 studios and 2 two-bedrooms in about 16,768 SF on a 6,614 SF lot. About 80% of units have been renovated, and the building sits on a new concrete perimeter foundation. Units offer hardwood floors, tiled kitchens and baths, walk-in closets and, in most, bay windows. Lobby with stone floors, courtyard, laundry room, storage and a double garage that brings in parking income. Gas and electric are separately metered, keeping owner utility costs down. Market rents run about 33% above in-place rents. Walk to Union Square, Civic Center, Van Ness and Mid-Market employers, with Muni and BART close by. 6.62% current cap; 9.04% pro forma cap at market rents. 100% occupied per the rent roll.
Location
State CA
County San Francisco
Area 8 - Tenderloin
Zoning RC4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Garage Spaces 4.0
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 0321-032
Security Features Other
Special Listing Condition Not Applicable
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Pete Ruiz
Team Lead License ID: 01974535