For Sale
$4,500,000

311 11Th AveSan Francisco, CA 94118

16-unit building, 9,950 sq ft, 6.37% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment property, located at 311 11th Avenue in San Francisco's vibrant Richmond District (zip code 94118), presents a rare opportunity. The fully renovated building boasts a total of 9,950 square feet situated on a 5,248 square foot lot (APN 1443). The property is zoned NCD – Inner Clement Commercial District and comprises a ground floor commercial storefront and a 2-story apartment building with 16 units, currently operating at 100% occupancy. The building features 15 single-room occupancy (SRO) units, in addition to the commercial space. The asking price is $4,500,000, representing a compelling 6.37% capitalization rate. The property benefits from over $1,000,000 in recent capital improvements. With a triple-net (NNN) lease structure and a current vacancy rate of 0%, this investment offers significant potential for future rental income growth, with an estimated 22% upside in rents. This is a turnkey operation in a highly desirable location, making it an ideal addition to any investment portfolio. The property's strong performance and upside potential make it a truly unique opportunity in the competitive San Francisco market.

Highlights

  • Mixed-use investment property with 15 SRO units and ground-floor commercial space.
  • Exceptional investment opportunity in San Francisco's Richmond District (94118).
  • Fully renovated with over $1,000,000 in recent capital improvements.
  • Asking price: $4,500,000, offering a 6.37% capitalization rate.
  • Significant rental upside potential of approximately 22%.

Property Details for 311 11Th Ave

Property type
Retail properties, Mixed-use properties
Square Feet
9,950 SF
Stories
2
Units
16

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7823063
Longitude
-122.4699261
311 11Th Ave, San Francisco, California

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311 11Th Ave
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