Key Facts
- MLS® #: 424006975
- Property ID: SIRC1604223
- Original Price: USD 3,590,000
- Property Type: Residential, Other
- Lot Size: 0.06 ac
- Year Built: 1910
- Bedrooms: 33
- Bathrooms: 11
- Listed By:
- Malin P. Kansal
Property Description
Opportunity knocks! PRICE DROP! Distinctive 34-unit with full basement building with pride of ownership and great tenant profile. This mixed-use south of Market property combines opportunity and upside. Commercial units NOW FULLY LEASED! An attractive option for investors looking for a balanced steady income producing asset. 32 Residential dorm-style single room occupancy (SRO) units. Most rooms upgraded with tons of opportunity for additional upgrades. Three floors of units — each floor is complete with shared bathroom and showers. Two commercial units: commercial unit (#66) leased to Thrasher Skateboard Company, $200,000 in upgrades; commercial unit (#68) leased to corner grocery store business, $400,000 in upgrades including ADA compliant bathroom. Full basement (vacant) with usage to be determined. Excellent standard of building maintenance. Also well managed. Great addition to any property portfolio. A true must see. Don't miss this opportunity! CAP Rate NOW 4.72% and GRM NOW 14.20 ; Pro Forma CAP Rate 8.51 and GRM 9.27. Dynamic SoMa location on 6th! Corner building near downtown. Shopping, BART, MUNI, cafes, restaurants, night spots, social services all here. Immersed in many NEW buildings and neighborhood features. Opportunity to create a trophy building.
Listing Agents
- Malin P. Kansal
C. 6502194725
O. 6502194725
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Location
64-68 6th Street , San Francisco, California, 94103 United States
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San Francisco's Northwest District includes the neighborhoods of Central Richmond, Inner Richmond, Outer Richmond, Jordan Park, Laurel Heights, Lake, Lone Mountain, Sea Cliff and the Presidio. Jordan Park/Laurel Heights Laurel Heights is a popular and low-key neighborhood, interchangeably known as Jordan Park. This small upscale neighborhood consists primarily of well-kept Victorian, Edwardian, and mid-century homes on manicured, tree-lined streets. Residents of Laurel Heights/Jordan Park enjoy a variety of boutique shops, cafes, restaurants, and specialty grocery stores located in the Laurel Heights Shopping Village. Excellent healthcare is also nearby, with California Pacific Medical Center (CPMC) located on California Street near Arguello Boulevard. Lake Street The Lake Street area is an affluent, quiet, picturesque part of the city that offers a convenient location, low crime rate, good schools, and a neighborhood feel. Residents here are minutes away from both Baker Beach and the Presidio Golf Course, and nearby Mountain Lake Park offers public tennis and basketball courts, a playground, and dog park. Also known as the Lake District, this neighborhood is almost entirely residential but offers its residents easy access to the restaurants and shops of both the Central and Inner Richmond neighborhoods. Lone Mountain As a historical hill, Lone Mountain now hosts the main campus of the University of San Francisco (USF). This neighborhood is populated with USF students, tenured professors, and other professionals. This upper-middle class area consists primarily of Edwardian homes with a fair number of multi-unit residential buildings and apartments catering to the local student population. Lone Mountain is also home to the Rossi Playground and Pool, offering residents convenient access to public tennis and basketball courts, picnic areas, an indoor swimming pool, a children’s playground, and field for soccer, baseball, or softball. Presidio First established as a military fort in 1776, the Presidio has seen soldiers through the Mexican War, the Civil War, the Spanish-American War, both world wars and the Korean War. It was also filled with tents and shacks to provide relief to survivors of the 1906 earthquake and fires. It's a veritable treasure trove of San Francisco history, but it's also a park and an area of outstanding natural beauty. Richmond Central Richmond offers a quiet, almost suburban, atmosphere for its residents. With the neighborhood’s proximity to the Golden Gate Bridge commuting to the North Bay is a breeze, while the 1 California Muni line takes residents straight to Downtown and the Financial District. Housing in this neighborhood ranges from larger multi-unit apartment buildings to 3 unit apartment flats and modest single family homes. While predominantly residential, the Central Richmond hosts several top rated restaurants on its commercial strips, Geary Boulevard and Clement Street. The Inner Richmond neighborhood is a bustling multicultural area with grand mansions, stucco houses, easy access to the Presidio and Golden Gate Park, and a variety of reasonable restaurants and shops. A historical hill that once served as a cemetery, Lone Mountain now hosts the main campus of the University of San Francisco (USF), a popular Jesuit-run school. This neighborhood is populated with USF students, tenured professors, and other professionals. This upper-middle class area consists primarily of Edwardian homes with a fair number of multi-unit residential buildings and apartments catering to the local student population. Residents of Outer Richmond will be lulled to sleep by the sound of foghorns, a romantic oceanside element that is evocative of San Francisco. This neighborhood is home to several parks and attractions including the Sutro Baths, Cliff House, Lincoln Park, and the Lincoln P
Marketed By
Golden Gate Sotheby's International Realty
360 Primrose Rd.
Burlingame, California, 94010
United States
6503480222