$1,495,000
3-unit apartment complex with a great SOMA location featuring three 1bd/1bth units with strong current cash flow. The current cap rate is 4.65% and the current GRM is 14.26. The property was originally built in 1911, offers approximately 3,093 square feet of rental space, and offers a nice backyard with plenty of room for tenants to enjoy. Currently, there is one vacant unit making this a perfect opportunity for an owner-occupant. All the units have been fully remodeled and offer high-end kitchens and bathrooms with granite countertops, custom lighting and molding, newer cabinets, wood floors, double pane windows, new paint and more. The property is easy to manage and is separately metered for electric and gas providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an excellent location near countless restaurants, coffee shops, bars, and shopping options and only a short distance to BART, Oracle Park, and the Chase Center. This is a prime central location that’s always in high-demand and rents fast.
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Listed by David Howarth with The Pinza Group, Inc (510) 725-4775
Property Type
Triplex
Status
Active
MLS Number
41123787
Year Built
1911
Lot Size
1,999 sq ft