San Francisco North Beach Aoartments

$1,495,000

1614-1618 Powell Street San Francisco, CA 94133

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About this listing

North Beach is a neighborhood in the northeast of San Francisco adjacent to Chinatown, the Financial District, and Russian Hill. The neighborhood is San Francisco's "Little Italy" and has historically been home to a large Italian American population, largely from Northern Italy. It still has many Italian restaurants, though many other ethnic groups currently live in the neighborhood. It was also the historic center of the beatnik subculture and has become one of San Francisco's main nightlife districts as well as a residential neighborhood populated by a mix of young urban professionals, families, and Chinese immigrants.
North Beach is bounded by Jackson Square, the Financial District south of Broadway, Chinatown to the southwest of Columbus below Green Street, Russian Hill to the west, Telegraph Hill to the east and Fisherman's Wharf at Bay Street to the north.
Main intersections are Union and Columbus, the southwest corner of Washington Square, Grant Avenue, and Vallejo Street.

The neighborhood consists of modern, mid-century apartments, duplexes, and Victorian homes and multiplexes.

Well maintained 6 unit apartment building. Consisting of one bedroom with one bath units. The units are a mix of original and remodeled conditions. Heat is supplied by gas wall furnaces. There is a 2 level basement area for the potential of additional income. The property has individual PG&E .

  • Cap Rate

    5.05%

  • NOI

    $75,428

  • Building Size

    4,590 sqft

  • Lot Area

    2,100 sqft

  • Units

    6

  • Year Built

    1912

  • Zoning

    NBeach

  • Baths

    6

DESCRIPTION

  • • Average Occupancy Rate: 100.0
  • • Gross Income: $ 125736.0
  • • Age: Over 50 Years Old
  • • Lot Size: Under 1/2 Acre
  • • Sewer: City
  • • Water: City Water

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