For Sale
$2,250,000

805-807 Linden Ave & Hickory PlSouth San Francisco, CA 94080

5-Unit Apartment Complex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5-unit mixed-use apartment complex presents a compelling investment opportunity in the heart of downtown South San Francisco. Boasting 3,812 square feet on a 0.12-acre lot, this property offers a diverse unit mix including two 2-bedroom/1-bathroom units (one a freestanding building), one 1-bedroom/1-bathroom unit, one studio, and one retail unit. All units are separately metered, providing efficient utility management. Built in 1979, the property is centrally located, offering convenient access to downtown South San Francisco and downtown San Francisco (within 15 minutes). Its prime location provides easy access to major transportation arteries, including Caltrain, BART, US 101, El Camino Real (SR-82), I-380, I-280, and San Francisco International Airport (SFO). The property benefits from its proximity to numerous prominent companies, including Genentech, YouTube, Salesforce, Visa, and Oracle, further enhancing its investment potential. Below-market rents present a significant opportunity for long-term rental upside and value appreciation. The asking price is $2,250,000, representing a price per unit of $450,000 and a price per square foot of $590. The property's cap rate is 4.22%. The APN is 012-141-150. This is a rare opportunity to acquire a well-situated multifamily property with significant upside potential in a thriving market. Cross street: Aspen Ave.

Highlights

  • Prime downtown South San Francisco location, 5-unit mixed-use building.
  • Excellent unit mix: two 2BR/1BA, one 1BR/1BA, one studio, and one retail space; one 2BR/1BA is a detached building.
  • Below-market rents provide significant upside potential for rental income and property value.
  • Walkable to downtown South San Francisco; 15-minute commute to San Francisco.
  • Easy access to Caltrain, BART, and major freeways (US 101, SR-82, I-380, I-280), and SFO.
  • Near biotech firms (Genentech), and major tech companies (YouTube, Salesforce, Visa, Oracle) on the Peninsula.

Property Details for 805-807 Linden Ave & Hickory Pl

Property type
Apartment buildings
Square Feet
3,812 SF
Year Built
1979
Lot Size (sq. ft)
5,227 SF
Units
5

Location Insight

City
South San Francisco
County
San Mateo
State
California
Latitude
37.66029
Longitude
-122.408679
805-807 Linden Ave & Hickory Pl, South San Francisco, California

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805-807 Linden Ave & Hickory Pl
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