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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 9,995,000
Est. payment | /mo
22,670 SqFt
$ 9,995,000
Est. payment | /mo
22,670 SqFt
Open House
Fri Oct 09, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 22,670 sqft
Price per Sqft $440
MLS Listing ID ML82063776
Year Built 1912
Lot Size 5,027 Sqft
Property Sub-Type Five or More Units
Property Description
54 apartments plus 2 ground-floor commercial storefronts in a six-story building, built in 1912: 44 studios and 10 one-bedroom/one-bath units in about 22,670 SF on a 5,025 SF lot. Mixed-use investment between Market and Mission in the heart of SoMa / Mid-Market, with all units and storefronts leased per the rent roll. Renovated in 2012 and 2024, with many units updated with hardwood floors, quartz counters and tile backsplashes. On-site laundry, a full basement with potential for storage income, a central boiler and building-wide video surveillance. Market residential rents run about 26% above in-place rents, a clear path to more income as units turn over. One block to Market Street and about 0.2 miles to Civic Center BART/Muni, close to City Hall, Union Square, Mid-Market employers and freeway access. 5.59% current cap; 6.45% pro forma cap at market rents.
Location
State CA
County San Francisco
Area 9 - South Of Market
Zoning C3G
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 3701-023
Security Features Other
Special Listing Condition Not Applicable
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Pete Ruiz
Team Lead License ID: 01974535