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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$2,575,000
Est. payment /mo
1 Bath
7,047 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,047 sqft
Price per Sqft $365
MLS Listing ID ML82049753
Full Baths 1
Year Built 1908
Lot Size 2,284 Sqft
Property Sub-Type Five or More Units
Property Description
677 Ellis Street presents a rare opportunity to acquire a fully renovated, turnkey 14-unit apartment building in the heart of San Francisco. Comprised of fourteen studio residences, the property offers investors an attractive 6.50% current CAP rate with stable in-place income and minimal deferred maintenance. Recent capital improvements include brand-new electrical throughout the building, while the units have been extensively renovated with high-end designer finishes, creating a modern living experience that appeals to today's urban renter. This is an ideal opportunity to own a quality, low-maintenance asset in one of San Francisco's most supply-constrained rental markets.
Location
State CA
County San Francisco
Area 8 - Tenderloin
Zoning RC4
Interior
Heating Gas
Cooling None
Exterior
Parking Features No Parking
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 0335-018
Security Features None
Special Listing Condition Not Applicable
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