Hotel-Motel
851 California St
851 California St, San Francisco, CA 94108
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present a unique hotel/multifamily investment
opportunity located on Nob Hill in San Francisco, California. This 82-room asset is well
positioned to benefit from San Francisco's gradual recovery in tourism and business
travel. The property is leased at an attractive income, allowing a new investor a runway to finalize their long-term plans for the asset whilst enjoying consistent cashflow. Just steps away from the city's primary business districts, 851 California offers a compelling option for both business and leisure guests. Its central location provides easy access to public transit and top attractions, including Union Square, the Golden Gate Bridge and Fisherman's Wharf, as well as a wide range of dining, shopping and cultural experiences nearby.?
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 851 California offers a prime value-add opportunity ripe for repositioning through modern renovations to capture premium Nob Hill rents.?
- Conversion potential to premium brand 82 unit hotel in high REVPAR area.?
- Nob Hill rents are up 5-7% year over year.?
Investment Overview
Marcus and Millichap is pleased to present a unique hotel/multifamily investment opportunity located on Nob Hill in San Francisco, California. This 82-room asset is well positioned to benefit from San Francisco's gradual recovery in tourism and business travel. The property is leased at an attractive income, allowing a new investor a runway to finalize their long-term plans for the asset whilst enjoying consistent cashflow. Just steps away from the city's primary business districts, 851 California offers a compelling option for both business and leisure guests. Its central location provides easy access to public transit and top attractions, including Union Square, the Golden Gate Bridge and Fisherman's Wharf, as well as a wide range of dining, shopping and cultural experiences nearby.?
Exclusively Listed By
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