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Listed by Brad Lagomarsino Colliers International
$ 11,600,000
Est. payment | /mo
18 Beds
47,054 SqFt
$ 11,600,000
Est. payment | /mo
18 Beds
47,054 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 47,054 sqft
Price per Sqft $246
MLS Listing ID 426124382
Bedrooms 18
HOA Y/N No
Year Built 1927
Lot Size 6,875 Sqft
Acres 0.1578
Property Sub-Type Condominium
New Construction No
Property Description
270 Turk Street presents a rare opportunity to acquire a large-scale multifamily asset in the heart of San Francisco's Tenderloin neighborhood, offering investors significant scale, in-place income, and operational upside in a centrally located, transit-oriented location. The property consists of eighty-six (86) units, including sixty-eight (68) studios and eighteen (18) one-bedroom units, within a well-maintained, elevator-served building spanning approximately 47,054 square feet on a 6,875 square foot lot. Constructed in 1927, the building features classic San Francisco architectural character complemented by functional unit layouts designed to maximize livability. Many units benefit from natural light and efficient floorplans, while the property is supported by key amenities including an elevator, secured entry, and on-site laundry, creating a stable and service-oriented residential environment. The asset has historically operated with supportive housing components, providing additional income streams through subsidies and service-related revenue, further enhancing income stability. The property is ideally located near Union Square, Civic Center, and major transportation corridors including Van Ness Avenue and Market Street, providing tenants with immediate access to employment hubs, retail, dining, and public transit throughout the city. The surrounding neighborhood continues to benefit from public and private investment, reinforcing long-term demand for centrally located housing with convenient access to transit and services. 270 Turk Street offers investors a compelling opportunity to acquire a high-unit-count asset with strong in-place income and substantial operational upside. With current rents below market and expenses that can be optimized relative to historical operations, the property presents a clear path to increased cash flow and long-term value creation in one of San Francisco's most centrally located rental markets.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description Sidewalk
New Construction No
Others
Tax ID 0338010
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