For Sale
$3,000,000

537 Hyde StSan Francisco, CA 94109

16-Unit Apartment Building, San Francisco

Overview

Added:
Feb 13
Days on market:
49
Exceptional investment opportunity in San Francisco's vibrant Tenderloin neighborhood. This well-maintained 1923 apartment building at 537 Hyde Street boasts 16 units: seven one-bedroom/one-bathroom apartments and nine studio units. The property encompasses approximately 11,748 square feet on a 5,153 square foot lot, zoned RC-4. The building offers a compelling 6.5% cap rate, generating a net operating income (NOI) of $193,626. The property features on-site laundry facilities and a sizable, well-maintained outdoor area for tenant use. Its prime location provides easy access to public transportation and numerous amenities, ensuring high tenant demand and strong rental income. The building's strong cash flow, coupled with potential for value enhancement through upgrades and rent increases, presents a significant return on investment. The property's financial performance is further highlighted by a Gross Scheduled Income of $341,630 and a Gross Rent Multiplier (GRM) of 8.8. This is a rare opportunity to acquire a well-positioned multifamily asset in a high-demand San Francisco location. APN: 0320-002. Asking price: $3,000,000.

Highlights

  • $3,000,000 Asking Price for a 16-unit apartment building.
  • 6.50% Cap Rate with a $193,626 NOI.
  • 11,748 square foot building on a 5,153 square foot lot.
  • 16 units: 7 one-bedroom/one-bathroom and 9 studio apartments.
  • Built in 1923, located at 537 Hyde St, San Francisco, CA 94109 (APN: 0320-002).

Property Details for 537 Hyde St

Property type
Apartment buildings
Square Feet
11,748 SF
Year Built
1923
Units
16

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.785916962975
Longitude
-122.41639322498
537 Hyde St, San Francisco, California

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537 Hyde St
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