For Sale
$4,450,000

269-285 Sanchez StSan Francisco, CA 94114

10-Unit San Francisco Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 10-unit apartment building in San Francisco's coveted Castro District. The property, situated on two adjacent lots totaling 7,875 square feet, comprises two elegant Italianate-style buildings constructed in 1890. Boasting 8,120 square feet of space, the building features a mix of six two-bedroom, two one-bedroom, and two studio units, with three garage spaces. Six units are currently vacant, presenting a significant value-add opportunity for renovation and rent optimization. The property benefits from a low expense structure, with tenants responsible for utilities such as hot water, heat, and garbage. Occupied units exhibit banked rents, offering immediate income potential. The ground floor includes garage parking and storage, with additional undeveloped space and a large landscaped rear yard featuring a fire pit. The property's prime location, blocks from the heart of the Castro and Mission districts, ensures high occupancy rates and strong rental demand. With a 5.80% cap rate and a Net Operating Income (NOI) of $257,941, this property offers a compelling return on investment. The asking price is $4,450,000, or $445,000 per unit. The permitted zoning is RTO. The property's APN is 3558-024 & 3558-025. This is a rare chance to acquire a historic San Francisco multifamily property with significant upside potential.

Highlights

  • Historic Castro District multifamily property.
  • Prime location, blocks from the Castro & Mission Districts.
  • Two-building property on two lots, totaling 8,120 square feet.
  • Ten-unit building with six vacant units and three garages.
  • Unit mix: six two-bedroom, two one-bedroom, and two studio apartments.
  • Elegant Italianate architecture with period details.

Property Details for 269-285 Sanchez St

Property type
Apartment buildings
Square Feet
8,120 SF
Year Built
1890
Buildings
2
Units
10

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7648392
Longitude
-122.4307643
269-285 Sanchez St, San Francisco, California

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269-285 Sanchez St
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