Beautiful seven unit apartment building with two car garage in an excellent Nob Hill location, one of the consistently most popular San Francisco neighborhoods. The building was constructed in 1909, and recently extensively rehabbed. All large two bedroom units. Great floor plans with large kitchens, bedrooms, living rooms and closet space. Beautiful architectural details and high ceilings throughout. Four of the units have been tastefully renovated with all new kitchens (including new high-quality appliances, counter tops, cabinets and floors), new baths (including new fixtures, tile and floors) and new hardwood floors. Some units have western views and all units have good natural light. The building has an attractive lobby with new paint and floor. Common halls have new paint and carpet. The front exterior of the building was also recently painted and approximately sixty new double pane windows were installed throughout. The units are separately metered for gas and electric and have separate gas furnaces and stoves. Tenants pay for their own heat, therefore, expenses for the building are low. Much of the plumbing (both supply and drain lines) has been recently replaced. Recently installed 400 AMP electric service. Soft story seismic work is completed. This is a rare pride of ownership property.
|Zoning:||Rm3 Med Desn Res|
|Cap Rate Percentage:||2.4|
|Style:||Multi-Family (5-20 Units)|
|Available Date:||Mar 11th, 2019|
Area Description: The building is fantastically located on Nob Hill, one of the most desirable neighborhoods in San Francisco. It is in close proximity to many fine restaurants, bars and upscale hotels. The property is within walking distance to the Financial District, Union Square, Chinatown, North Beach, Van Ness Avenue and Union Street. Public transportation via MUNI is also within short walking distance of the property, giving access to all other parts of the City. Short driving distance to the San Francisco Bay Bridge, the Golden Gate Bridge and freeways to the Peninsula give easy access to the entire Bay Area. This is a rare opportunity for an investor to acquire a pride of ownership property, extensively rehabbed including soft story seismic work in a fantastic location!
Region: Nob Hill
|Age:||Over 50 Years Old|
|Gross Income: $210,262|