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Listed by Adam D Filly Compass Commercial
$ 6,750,000
Est. payment | /mo
3 Beds
19,650 SqFt
$ 6,750,000
Est. payment | /mo
3 Beds
19,650 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 19,650 sqft
Price per Sqft $343
MLS Listing ID 426114490
Bedrooms 3
HOA Y/N No
Year Built 1914
Lot Size 4,251 Sqft
Acres 0.0976
Property Sub-Type Mixed Use
New Construction No
Property Description
815 O'Farrell Street is a 44 unit mixed-use building. This prominent asset sits at the corner of O'Farrell and Larkin at the edge of San Francisco's Tenderloin neighborhood near Van Ness Avenue and Nob Hill. The property consists of 42 apartments (40 studios, a 1bd and a 2bd), and two large retail spaces with bonus basement space. Through the front doors you enter into a spacious lobby with hardwood floors, high ceilings, and period details. Many of the apartments have been remodeled in the recent past. The residential units are almost fully occupied. The building is fully detached on three sides, providing ample natural light to all levels. The main electrical has been upgraded and indicates 600 amps of service. Heat is supplied through individual wall heaters, helping to keep operating expenses low. This is a unique opportunity for an investor to reposition the corner retail and contribute to the ongoing revitalization in San Francisco. As the City and rental market continue to improve, the new owner will capitalize upon this purchase at a low basis with immediate cash flow. Priced to sell at 6.9 GRM and 8.1% Cap Rate!
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 0717001
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