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Multifamily

253 5th Ave

253 5th Ave, San Francisco, CA 94118

Listing Price: $1,700,000

Cap Rate
3.66%
Number of Units
3
Price/Unit
$566,667
Price/Gross SF
$513.29
Gross SF
3,312

Investment Overview

Marcus & Millichap is pleased to present a Lake District 3-Unit multifamily building located at 253-255 5th Ave. Originally constructed in 1904, this 3 story, wood-framed apartment building encompasses 3,312 sq ft on a 3,000 sq ft lot. Located between Clement St. and California St, 253-255 5th Ave is a quick walk to many local shops, eateries, bars, and cafes. The neighborhood’s location is ideal for students, young professionals, and families with its proximity to scenic places such as Sea Cliff, Ocean Beach, Presidio Park, Lincoln Park, and Golden Gate Park. The area provides residents with everything they need from city living to outdoor activities. With a Walk Score of 99, it’s a true walkers paradise. Many residents forgo the use of a personal car as they can easily use the many nearby forms of public transportation. Detached from 3 sides with a large backyard, this railroad style building has a 3rd floor unit offering a 3 bedroom / 1 bath that is currently tenant occupied. The 2nd Floor unit is a 2 bedroom / 1 bath + office nook and is partially demolished and ready for the new owner to create their ideal layout. The 1st Floor unit is a 2 bedroom / 1 bath + office nook. The units possess period details such as crown molding, built-in shelves, and hardwood floors. Each unit is separately metered for PG&E. 253-255 5th Ave offers an opportunity for an owner/user to enjoy one of the best neighborhood’s San Francisco has to offer.

Investment Highlights

  • 3312 Sqft
  • 3.66 CAP Rate
  • $566,667 Per Unit

Exclusively Listed By

Multifamily

253 5th Ave

Listing Price: $1,700,000

Cap Rate
3.66%
Number of Units
3
Price/Unit
$566,667
Price/Gross SF
$513.29
Gross SF
3,312

Investment Highlights

  • 3312 Sqft
  • 3.66 CAP Rate
  • $566,667 Per Unit

Investment Overview

Marcus & Millichap is pleased to present a Lake District 3-Unit multifamily building located at 253-255 5th Ave. Originally constructed in 1904, this 3 story, wood-framed apartment building encompasses 3,312 sq ft on a 3,000 sq ft lot. Located between Clement St. and California St, 253-255 5th Ave is a quick walk to many local shops, eateries, bars, and cafes. The neighborhood’s location is ideal for students, young professionals, and families with its proximity to scenic places such as Sea Cliff, Ocean Beach, Presidio Park, Lincoln Park, and Golden Gate Park. The area provides residents with everything they need from city living to outdoor activities. With a Walk Score of 99, it’s a true walkers paradise. Many residents forgo the use of a personal car as they can easily use the many nearby forms of public transportation. Detached from 3 sides with a large backyard, this railroad style building has a 3rd floor unit offering a 3 bedroom / 1 bath that is currently tenant occupied. The 2nd Floor unit is a 2 bedroom / 1 bath + office nook and is partially demolished and ready for the new owner to create their ideal layout. The 1st Floor unit is a 2 bedroom / 1 bath + office nook. The units possess period details such as crown molding, built-in shelves, and hardwood floors. Each unit is separately metered for PG&E. 253-255 5th Ave offers an opportunity for an owner/user to enjoy one of the best neighborhood’s San Francisco has to offer.

Exclusively Listed By

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