|
$3,095,000
|
|
| List Date | 9/26/2008 | | Type | Multifamily | | Units | 10 | | Age | 1960 | | Parking | 10 | | | | | | | | | | | | | |
|
The subject property is a well kept 10 unit apartment complex located in the Upper Market/Twin Peaks area of San Francisco. Muni bus transportation is conveniently located near the front door, making commutes to the Financial District easy. Shops and restaurants in the Castro District and Noe Valley are close by, as well as shopping at Molly Stones at Mt Davidson.
The building was constructed in 1960 and the units are large. There are three 1 bedroom, 1 bath units, approximately 787 or 863 square feet each. The two 1 bedroom, 1 bath penthouses are each approximately 828 square feet and feature high wood beamed ceilings, private decks, fireplaces, and panoramic downtown views. There are also five 2 bedroom, 2 bath units, approximately 1,097 or 1,273 square feet each, with views, decks, and fireplaces.
The size, views, and location of the units make them ideal candidates for a TIC Conversion. Current rents are averaging $1.36 per square foot per month, with new vacant units getting $2.00 - $2.50 per |
|
|
