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Multifamily

1059-1065 Grand Avenue

1059 Grand Ave, South San Francisco, CA 94080

Listing Price: $8,550,000

Cap Rate
3.66%
Number of Units
18
Occupancy
97.0%
Price/Unit
$475,000
Price/Gross SF
$633.33
Gross SF
13,500

Investment Overview

Marcus & Millichap is pleased to present a well-maintained, centrally located 18-unit apartment building in the heart of South San Fran­cisco. Situated on a 17,859 square foot parcel of land, the subject property was originally constructed in 1960 and has been stunningly renovated over the past few years. The subject property offers its tenants beautifully designed one bedroom/one bath units and has recently undergone capital improvements consisting of 13 fully renovated units with new flooring, new cabinets, updated kitchens, up­dated bathrooms, and stainless-steel appliances. 1059 & 1065 Grand Ave offers an investor the unique opportunity to own a well-located turnkey investment property in one of the healthiest and most desirable sub-markets in the San Francisco Bay Area. The subject property has an abundance of on-site covered parking spaces as each unit comes with its own covered parking space, as well as ten extra uncovered spaces behind the buildings. The property has two on-site laundry facilities with coined laundry machines and the building is separately metered for gas and electric. Along with interior renovations, the property has recently undergone exterior improvements including new paint and dual pane windows, new railings on both buildings, and a brand new 50-year roof. This property is well-located near downtown South San Francisco. The charming, vibrant downtown area has several excellent restau­rants, boutiques, and shops on Grand Avenue. The property is strategically located near many of the Bay Area's largest employers and most popular local attractions. It sits in a prime location just ten minutes to downtown San Francisco, five minutes to San Francisco International Airport and twenty minutes to Silicon Valley.

Investment Highlights

  • Turnkey property in an outstanding location
  • 13 of the 18 units have been completely renovated to contemporary standards
  • New roof, paint, railings, and dual pane windows
  • Great opportunity to purchase a like new property in South San Francisco with fantastic current financials

Exclusively Listed By

Multifamily

1059-1065 Grand Avenue

Listing Price: $8,550,000

Cap Rate
3.66%
Number of Units
18
Occupancy
97.0%
Price/Unit
$475,000
Price/Gross SF
$633.33
Gross SF
13,500

Investment Highlights

  • Turnkey property in an outstanding location
  • 13 of the 18 units have been completely renovated to contemporary standards
  • New roof, paint, railings, and dual pane windows
  • Great opportunity to purchase a like new property in South San Francisco with fantastic current financials

Investment Overview

Marcus & Millichap is pleased to present a well-maintained, centrally located 18-unit apartment building in the heart of South San Fran­cisco. Situated on a 17,859 square foot parcel of land, the subject property was originally constructed in 1960 and has been stunningly renovated over the past few years. The subject property offers its tenants beautifully designed one bedroom/one bath units and has recently undergone capital improvements consisting of 13 fully renovated units with new flooring, new cabinets, updated kitchens, up­dated bathrooms, and stainless-steel appliances. 1059 & 1065 Grand Ave offers an investor the unique opportunity to own a well-located turnkey investment property in one of the healthiest and most desirable sub-markets in the San Francisco Bay Area. The subject property has an abundance of on-site covered parking spaces as each unit comes with its own covered parking space, as well as ten extra uncovered spaces behind the buildings. The property has two on-site laundry facilities with coined laundry machines and the building is separately metered for gas and electric. Along with interior renovations, the property has recently undergone exterior improvements including new paint and dual pane windows, new railings on both buildings, and a brand new 50-year roof. This property is well-located near downtown South San Francisco. The charming, vibrant downtown area has several excellent restau­rants, boutiques, and shops on Grand Avenue. The property is strategically located near many of the Bay Area's largest employers and most popular local attractions. It sits in a prime location just ten minutes to downtown San Francisco, five minutes to San Francisco International Airport and twenty minutes to Silicon Valley.

Exclusively Listed By

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