For Sale
$4,000,000

2301-2309 Webster StSan Francisco, CA 94115

Six-unit building, prime location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 2301-2309 Webster Street and 2400 Washington Street in San Francisco's desirable Pacific Heights neighborhood, presents a compelling investment opportunity. The 4,880 square foot building sits on a 2,539 square foot lot (APN 0605-008) and boasts six units: two ground-floor commercial spaces and four residential units. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $181,640, representing a 4.54% capitalization rate. A pro-forma analysis projects a NOI of $201,400 and a 5.04% capitalization rate, indicating significant upside potential. The residential units are primarily month-to-month tenancies, with half currently below market rate, offering further rental growth opportunities. Both commercial tenants have remaining lease terms with options. Recent improvements include a new roof and ADA-compliant entryways, ensuring compliance with current city regulations. This property is an excellent investment opportunity, particularly suitable for a 1031 exchange. The asking price is $4,000,000, translating to a price per square foot of $819.67. This downtown corner building offers a strong cash flow and significant potential for appreciation in a highly sought-after San Francisco location.

Highlights

  • Exceptional mixed-use property in San Francisco's Pacific Heights.
  • 4,880 sq ft building on a 2,539 sq ft lot (APN 0605-008), six units (two commercial, four residential).
  • Currently 100% occupied, generating $181,640 NOI (4.54% cap rate); pro forma NOI of $201,400 (5.04% cap rate).
  • Recent improvements include a new roof and ADA-compliant entryways.
  • Asking price: $4,000,000 ($819.67/sq ft).

Property Details for 2301-2309 Webster St

Property type
Mixed-use properties, High-rise multifamily apartments
Square Feet
4,880 SF
Units
6

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.791994
Longitude
-122.432948
2301-2309 Webster St, San Francisco, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2301-2309 Webster St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message