220 Linden AveSouth San Francisco, CA 94080

Property Details for 220 Linden Ave

Year built

1912

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

19,800 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

012-316-010

APU

12316010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,910,571

  6.5%

  $6,378,988

  7%

  $5,923,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,165,924

  Geo Method

  $12,977,682

• Alternative Use

  Use

  Valuation

  Residential

  $6,964,002

  Hospitality

  $6,378,988

  Educational

  $5,307,244

  Medical

  $5,489,768

  Retail

  $8,255,712

Location Insight

City

South San Francisco

County

San Mateo

State

California

Latitude

37.6548

Longitude

-122.41

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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