Distinctive 34-unit building South of Market! (Off Market)

For Sale, 3,590,000 USD


64-68 6th Street,

Property Type : Other Residential

Property Style : Traditional

Build Size : 8,712 ft² / 809 m²

Land Size : 2,613 ft² / 243 m² Convert Land Size

Bedroom : 33

Bathroom : 11

Half Bathroom : 0

MLS#: SF424006975


Property Description

Opportunity knocks! PRICE DROP! Distinctive 34-unit with full basement building with pride of ownership and great tenant profile. This mixed-use south of Market property combines opportunity and upside. Commercial units NOW FULLY LEASED! An attractive option for investors looking for a balanced steady income producing asset. 32 Residential dorm-style single room occupancy (SRO) Units. Most rooms upgraded with tons of opportunity for additional upgrades. Three floors of units— each floor is complete with shared bathroom and showers. Two commercial units: commercial unit (#66) leased to Thrasher Skateboard Company, $200k in upgrades; commercial unit (#68) leased to corner grocery store business, $400k in upgrades including ADA compliant bathroom. Full basement (vacant) with usage TBD. Excellent standard of building maintenance. Also well managed. Great addition to any property portfolio. A true must see. Don't miss this opportunity! CAP Rate NOW 4.72% and GRM NOW 14.20 ; Pro Forma CAP Rate 8.51 and GRM 9.27. Dynamic SoMa location on 6th! Corner building near downtown. Shopping, BART, MUNI, cafes, restaurants, night spots, social services all here. Immersed in many NEW buildings and neighborhood features. Opportunity to create a trophy building.
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Distinctive 34-unit building South of Market!, United States,California,San Francisco is a 8,712ft² San Francisco luxury Other Residential listed for sale 3,590,000 USD. This high end San Francisco Other Residential is comprised of 33 bedrooms and 11 baths. Find more luxury properties in San Francisco or search for luxury properties for sale in San Francisco.