620 Eddy StSan Francisco, CA 94109

This exceptional investment opportunity presents a 35-unit apartment building located at 620 Eddy Street in San Francisco, CA, 94109. The four-story, 16,363 square foot building sits on a 6,300 square foot lot and boasts a 97% occupancy rate, generating a strong NOI of $418,558 (with a pro-forma NOI of $452,606). Built in 1910, the property comprises 30 studio and 5 one-bedroom/one-bathroom units, many recently updated with new flooring, granite countertops, and paint. The building features a flat tar and gravel roof (less than 10 years old) and a boiler system with steam heating in each unit. Individual gas and electric meters are in place, with the owner responsible for water and garbage. The asking price is $5,250,000, representing a price per square foot of $320.85 and a price per unit of $150,000. The property benefits from a 7.97% cap rate (8.62% pro-forma). This centrally located building is not subject to the San Francisco Soft Story retrofit ordinance and enjoys a walk and ride score of 100, providing convenient access to public transportation, including the Civic Center BART station and numerous MUNI bus stops. Nearby amenities include the Opera Plaza, Bill Graham Civic Auditorium, Jefferson Square Park, and Hayes Valley's vibrant dining scene. This property is being sold concurrently with another multifamily property (237 Leavenworth St) totaling 58 units. The sale is a fee simple ownership.