480 6Th StSan Francisco, CA 94103
- Residential income properties
- 7,140 SF
Property Details for 480 6Th St
- Year built
- 1916
- Construction
- WOOD
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 7,140 SF
- Zone code
- SLI
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 3759 -010
- APU
- 3759010
Description
This exceptional 14-unit mixed-use investment property, located at 480-484 6th Street in San Francisco, California, presents a compelling opportunity for discerning investors. Built in 1916, the property boasts 7,140 square feet on a 0.1-acre lot in the desirable 94103 zip code. The building comprises twelve spacious residential units, several offering stunning downtown skyline views, and two vibrant retail spaces. Six of the residential units are currently vacant, providing a significant value-add opportunity to increase rental income by bringing them up to market rates. Furthermore, there's potential for converting some units into two-bedroom layouts, subject to necessary planning approvals. This presents a substantial avenue for enhancing the property's overall revenue generation. The asking price for this strategically located San Francisco investment property is $3,989,000. The property's strong location and the potential for significant upside through lease-up and potential unit conversions make this a compelling investment opportunity with excellent long-term prospects. This is a rare chance to acquire a well-positioned multifamily asset in a thriving San Francisco market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,373,640
- 6.5%
- $2,191,052
- 7%
- $2,034,548
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,106,569
- Geo Method
- $3,086,697
-
Alternative Use
- Use
- Valuation
- Residential
- $2,191,052
- Hospitality
- $2,006,992
- Educational
- $1,669,794
- Medical
- $1,727,220
- Retail
- $2,597,457
Location Insight
- City
- San Francisco
- County
- San Francisco
- State
- California
- Latitude
- 37.7761
- Longitude
- -122.403
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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