For Sale
$7,950,000

220 Linden AveSouth San Francisco, CA 94080

Mixed-use hotel, 69 units, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents the chance to acquire the Metropolitan Hotel, a three-story, 19,800 square foot mixed-use building situated in the heart of South San Francisco, California. Priced at $7,950,000, this property boasts a compelling pro-forma cap rate of 8.30% and a pro-forma NOI of $660,000. The building, constructed in 1912, sits on a 7,280 square foot lot and comprises 69 units: 68 single-room occupancy (SRO) units and one three-bedroom unit. Adding to its versatility, the property includes ground-level retail space currently occupied by two commercial tenants. The sale includes fee simple ownership, allowing the buyer complete control over operations and management. This presents a unique opportunity to capitalize on below-market rents in a rapidly evolving and highly desirable area of South San Francisco, a key location within one of the world's most competitive commercial real estate markets. The property's address is 220 Linden Ave, South San Francisco, CA 94080. The price per square foot is $401.52.

Highlights

  • $7,950,000 asking price for this mixed-use property.
  • 69-unit building, comprised of 68 SRO units and one three-bedroom unit.
  • 19,800 square feet on a 7,280 square foot lot, with a price per square foot of $401.52.
  • 8.30% pro-forma cap rate and $660,000 pro-forma NOI.
  • Located at 220 Linden Ave, South San Francisco, CA 94080.
  • Three-story building constructed in 1912, including ground-level retail space with two commercial tenants.

Property Details for 220 Linden Ave

Property type
Mixed-use properties, Hospitality properties
Square Feet
19,800 SF
Year Built
1912
Buildings
1
Stories
3
Units
69

Location Insight

City
South San Francisco
County
San Mateo
State
California
Latitude
37.6549008
Longitude
-122.4100481
220 Linden Ave, South San Francisco, California

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220 Linden Ave
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