2301-2309 Webster StSan Francisco, CA 94115

Property Details for 2301-2309 Webster St

Property size (Sq ft)

4,880 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.792

Longitude

-122.433

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