29
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Listed by Cris Lamas Urban Capital SF
$2,600,000
Est. payment /mo
8 Beds
5,500 SqFt
Active
1884-1886 Market ST San Francisco, CA 94102
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $472
MLS Listing ID 426156439
Bedrooms 8
HOA Y/N No
Year Built 1932
Lot Size 2,587 Sqft
Acres 0.0594
Property Sub-Type Mixed Use
Property Description
1884-1886 Market Street is a six unit mixed-use building at Market and Hermann Streets, four residential apartments over two commercial suites. Priced at approximately $433,000 per unit and a 6.06% Cap Rate on current scheduled income. Three of the four apartments carry banked San Francisco Rent Board increases that lift the Cap Rate to 6.30% with no turnover required. The apartments are identical two bedroom, one bath plans of approximately 876 square feet, remodeled and held month to month, with in place rents averaging approximately $3,150 against market rents of $4,500. At market rents the Cap Rate reaches 8.73%. Both commercial suites, approximately 3,151 square feet, are vacant and outside San Francisco residential rent control. The building is not in the Mandatory Soft Story Retrofit Program. Two blocks from the Church Street Muni Metro station.
Location
State CA
County San Francisco
Area Sf District 6
Interior
Fireplace No
Building
Lot Description Shape Regular
New Construction No
Others
Tax ID 0871006
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