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Multifamily

3464 19th Street

3464 19th St, San Francisco, CA 94110

Listing Price: $3,050,000

Cap Rate
3.06%
Number of Units
6
Occupancy
95.0%
Price/Unit
$508,333
Price/Gross SF
$406.13
Gross SF
7,510

Investment Overview

We are pleased to bring to market a fantastic opportunity to own a six-unit corner mixed use property located at 3464 19th Street. The property is in an unbeatable location just steps from Valencia Street and only a few blocks from Dolores Park. The property consists of Five three-bedroom one-bathroom apartments as well as a beautiful downstairs bar currently managed by the PlumpJack group. The bar is a piece of San Francisco history as it was formerly the Lexington club which was San Francisco’s first Lesbian bar. Two apartments are entered on 19th Street and three on Lexington Street. On the 19th street side, 3468 Is the top floor apartment and 3466 is the middle floor. Both of these apartments have large living rooms with large turret style bowed bay windows allowing for an abundance of natural light, large eat-in kitchen, and three separate bedrooms. The Lexington entrances are Romeo style with each of these units boasting three formal bedrooms, a large eat in kitchen with a pantry, and a formal living room with bay windows. The property has two large basements, one underneath the bar that provides an incredible amount of storage and one below the apartments on Lexington, which is currently vacant. The property has been owned by the same family for generations. Over the course of the ownership, the family has completed numerous capital improvements to the property. The seismic retrofit to the property was completed in 2015 and the back stairs of the property were repaired in 2017. 3464 19th Street is a spectacular opportunity for an investor to purchase an investment with a stellar ground floor bar tenant, and apartments with 60% upside in rents to make a long-term hold very attractive.

Investment Highlights

  • The property is in an unbeatable location just steps from Valencia Street and only a few blocks from Dolores Park.
  • The property consists of Five three-bedroom one-bathroom apartments and a beautiful downstairs bar currently managed by the PlumpJack Group.
  • The seismic retrofit to the property was completed in 2015 and the back stairs of the property were repaired in 2017.

Exclusively Listed By

Multifamily

3464 19th Street

Listing Price: $3,050,000

Cap Rate
3.06%
Number of Units
6
Occupancy
95.0%
Price/Unit
$508,333
Price/Gross SF
$406.13
Gross SF
7,510

Investment Highlights

  • The property is in an unbeatable location just steps from Valencia Street and only a few blocks from Dolores Park.
  • The property consists of Five three-bedroom one-bathroom apartments and a beautiful downstairs bar currently managed by the PlumpJack Group.
  • The seismic retrofit to the property was completed in 2015 and the back stairs of the property were repaired in 2017.

Investment Overview

We are pleased to bring to market a fantastic opportunity to own a six-unit corner mixed use property located at 3464 19th Street. The property is in an unbeatable location just steps from Valencia Street and only a few blocks from Dolores Park. The property consists of Five three-bedroom one-bathroom apartments as well as a beautiful downstairs bar currently managed by the PlumpJack group. The bar is a piece of San Francisco history as it was formerly the Lexington club which was San Francisco’s first Lesbian bar. Two apartments are entered on 19th Street and three on Lexington Street. On the 19th street side, 3468 Is the top floor apartment and 3466 is the middle floor. Both of these apartments have large living rooms with large turret style bowed bay windows allowing for an abundance of natural light, large eat-in kitchen, and three separate bedrooms. The Lexington entrances are Romeo style with each of these units boasting three formal bedrooms, a large eat in kitchen with a pantry, and a formal living room with bay windows. The property has two large basements, one underneath the bar that provides an incredible amount of storage and one below the apartments on Lexington, which is currently vacant. The property has been owned by the same family for generations. Over the course of the ownership, the family has completed numerous capital improvements to the property. The seismic retrofit to the property was completed in 2015 and the back stairs of the property were repaired in 2017. 3464 19th Street is a spectacular opportunity for an investor to purchase an investment with a stellar ground floor bar tenant, and apartments with 60% upside in rents to make a long-term hold very attractive.

Exclusively Listed By

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