Multifamily

1464 Taylor St

Listing Price: $5,500,000

Cap Rate
3.43%
Number of Units
10
GRM
19.04
Occupancy
99.00%
Price/Unit
$550,000
Price/Gross SF
$643.27
Gross SF
8,550

Investment Overview

Jon Holmquist and Ning Ho of Marcus & Millichap are pleased to present a superbly located, mixed-use apartment building at 1464 Taylor Street in the Nob Hill neighborhood of San Francisco. The subject property is a corner building at the junction of Taylor Street and Pacific Avenue and offers fantastic walkability, with an easy walk to employment centers of the Downtown Financial District, a 5 minute walk to the bars, nightlife, cafs, restaurants and commerce of North Beach, and world class culinary experiences in the of restaurants of nearby Russian Hill (as well as high end boutique stores). The convenience of the property is highlighted by the extensive nearby urban amenities which include the retail corridors on Columbus Avenue, Hyde, Polk, Van Ness, Grant (Chinatown), and Union Streets; these corridors encompass and provide easily walkable access to hundreds of cafs, restau-rants, bars, supermarkets, laundromats, and more. The subject property and tenants at 1464 Taylor additionally benefit from excellent access to many public transport options, including: Muni Metro lines, bus stops, and Bart Stations.

1464 Taylor Street is an approximately 8,550 (estimated) square foot building sitting on a 2,696 square foot lot (per county records). The complex presents period detail, with a secured entry front doorway, to interior hallways, and features nine residential apartment units and one ground floor commercial. The building layout is configured with one ground floor commercial of approximately 1,500 square feet, three one-bedroom one-bath residential units, and six two-bedroom one-bath residential units. The building owner benefits from consistent low expenses with the property metered for separate gas and electric meters for all units. There is one PG&E house meter which serves the common coin operated laundry (owned by landlord and located on ground floor) and common area lights. Most of the units offer some views, with the top two floors offering impressive views of the Bay, Transameri-ca Building, Coit Tower, North Beach, and Bay Bridge.

The subject property is on the market for the first time in a long time and presents a great investment opportunity for an owner-user, investors seeking value add and upside potential to maximize its value, or a long-term owner looking for irreplaceable high quality San Francisco real estate within walking distance to employment, dining, and entertainment.

Investment Highlights

  • Fantastic Nob Hill Location
  • Charming Corner Building with Great Views
  • 9 Residential Apartment Units and 1 Ground Floor Commercial
  • 1 Vacant Top Floor Unit with Spectacular Water Views
  • Potential for Adding a Penthouse
  • Two Car Enclosed Garage Parking on Bottom Level and One Car Open Parking

Exclusively Listed By

Listing Price: $5,500,000

Cap Rate
3.43%
Number of Units
10
GRM
19.04
Occupancy
99.00%
Price/Unit
$550,000
Price/Gross SF
$643.27
Gross SF
8,550

Investment Highlights

  • Fantastic Nob Hill Location
  • Charming Corner Building with Great Views
  • 9 Residential Apartment Units and 1 Ground Floor Commercial
  • 1 Vacant Top Floor Unit with Spectacular Water Views
  • Potential for Adding a Penthouse
  • Two Car Enclosed Garage Parking on Bottom Level and One Car Open Parking

Investment Overview

Jon Holmquist and Ning Ho of Marcus & Millichap are pleased to present a superbly located, mixed-use apartment building at 1464 Taylor Street in the Nob Hill neighborhood of San Francisco. The subject property is a corner building at the junction of Taylor Street and Pacific Avenue and offers fantastic walkability, with an easy walk to employment centers of the Downtown Financial District, a 5 minute walk to the bars, nightlife, cafs, restaurants and commerce of North Beach, and world class culinary experiences in the of restaurants of nearby Russian Hill (as well as high end boutique stores). The convenience of the property is highlighted by the extensive nearby urban amenities which include the retail corridors on Columbus Avenue, Hyde, Polk, Van Ness, Grant (Chinatown), and Union Streets; these corridors encompass and provide easily walkable access to hundreds of cafs, restau-rants, bars, supermarkets, laundromats, and more. The subject property and tenants at 1464 Taylor additionally benefit from excellent access to many public transport options, including: Muni Metro lines, bus stops, and Bart Stations.

1464 Taylor Street is an approximately 8,550 (estimated) square foot building sitting on a 2,696 square foot lot (per county records). The complex presents period detail, with a secured entry front doorway, to interior hallways, and features nine residential apartment units and one ground floor commercial. The building layout is configured with one ground floor commercial of approximately 1,500 square feet, three one-bedroom one-bath residential units, and six two-bedroom one-bath residential units. The building owner benefits from consistent low expenses with the property metered for separate gas and electric meters for all units. There is one PG&E house meter which serves the common coin operated laundry (owned by landlord and located on ground floor) and common area lights. Most of the units offer some views, with the top two floors offering impressive views of the Bay, Transameri-ca Building, Coit Tower, North Beach, and Bay Bridge.

The subject property is on the market for the first time in a long time and presents a great investment opportunity for an owner-user, investors seeking value add and upside potential to maximize its value, or a long-term owner looking for irreplaceable high quality San Francisco real estate within walking distance to employment, dining, and entertainment.

Exclusively Listed By

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