For Sale
For Sale
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Year Built
1923
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Overview
· Classic 42-unit non-rent controlled apartment building in the Tenderloin neighborhood of San Francisco.
· Over $1,200,000 of capital expenditures have been spent over 5 years to upgrade (17) units and significant structural and system improvements to modernize the building.
· Close to the rapidly growing mid-market tech and retail corridor.
· Abundant transit lines allowing residents to get anywhere in the City and other parts of the Bay Area due to it’s core location.
· For the investor, this greatly improved property provides the opportunity to acquire an extensively upgraded & well maintained non-rent controlled asset with tremendous upside potential in rents.
Property Details
For Sale
· Classic 42-unit non-rent controlled apartment building in the Tenderloin neighborhood of San Francisco.
· Over $1,200,000 of capital expenditures have been spent over 5 years to upgrade (17) units and significant structural and system improvements to modernize the building.
· Close to the rapidly growing mid-market tech and retail corridor.
· Abundant transit lines allowing residents to get anywhere in the City and other parts of the Bay Area due to it’s core location.
· For the investor, this greatly improved property provides the opportunity to acquire an extensively upgraded & well maintained non-rent controlled asset with tremendous upside potential in rents.
- Property TypeOffice
- Submarket
- Year Built1923
- Sale Price$14,750,000
- Cap Rate4.0%
- Number of Floors6
- ZoningRC4
- Property ID2024882