One of the Best Rental Locations in San Francisco

$6,350,000

2340 Filbert Street San Francisco, CA 94123

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About this listing

Cow Hollow is an upscale neighborhood of San Francisco that is one of the most popular rental areas for young professionals. With both Union & Chestnut Streets nearby, tenants of the property can easily access a vast array of high-end shopping, dining, bar, and coffee shop options. With Lombard Street, Fillmore Street and Van Ness Avenues all a short distance, both San Francisco and the entire Bay Area can be accessed with a variety of transportation options.

2340 Filbert Street, also known as the St. Patrick Apartments, is a rarely available opportunity for Apartment investors. It is a 1925 building with beautiful Tudor Revival Style Architecture. Featuring 12 One Bedroom units and 14 car & motorcycle parking spaces, this is an incredibly unique opportunity in one of the historically strongest rental neighborhoods in all of San Francisco. A new owner could considerably increase rental income with high end renovations, and the potential for unit conversions.

  • Cap Rate

    5.05%

  • NOI

    $318,367

  • Building Size

    13,407 sqft

  • Lot Area

    0.17 acres

  • Units

    12

  • Year Built

    1925

  • Zoning

    RM-1

  • MLS ID

    423760526

DESCRIPTION

  • • Average Occupancy Rate: 92.0
  • • Gross Income: $ 493830.0
  • • Age: Over 50 Years Old
  • • Lot Size: Under 1/2 Acre
  • • Sewer: City
  • • Water: City Water

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