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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Cris Lamas Urban Capital SF

$ 2,600,000

Est. payment | -/mo

8 Beds

5,500 SqFt

Save

$ 2,600,000

Est. payment | -/mo

Save

8 Beds

5,500 SqFt

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

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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1884-1886 Market ST San Francisco, CA 94102