Multifamily

3471 Mission St

3471 Mission St, San Francisco, CA 94110

Listing Price: $2,100,000

Cap Rate
4.11%
Number of Units
3
GRM
15.18
Occupancy
100.0%
Price/Unit
$700,000
Price/Gross SF
$509.09
Gross SF
4,125

Investment Overview

Marcus & Millichap is pleased to present 3471-3475 Mission Street for sale. The property is an attractive Edwardian mixed-use building with two apartments over a restaurant space in Bernal Heights. It features a large three-bedroom, two-bathroom flat on the top floor, and a three-bedroom, one-bathroom flat on the middle floor. The both units were recently renovated with large eat-in kitchens and dining areas that can be used at fourth bedroom. The tenant on the top floor, 3745, is leased through SFHAs Section 8 program. The restaurant space is recently vacant and is a perfect opportunity for an owner user or repositioning. There is a spacious backyard to the property, in which, an unwarranted one-bedroom apartment cottage sits. All the residential units are occupied, but the cottage has recently stopped paying rent due to Covid-19 financial hardship.

Mission Street in Bernal Heights is a nice neighborhood retail corridor with several coffee shops & lunch places up and down the street. The building is separately metered for gas & electric although the cottage is on the house meter. The roof was replaced in 2019.

3471-3475 Mission Street offers an owner-user an opportunity to plant a restaurant in a solid San Francisco location or an investor the opportunity to reposition it immediately by leasing the ground floor to a restaurant and legalizing the cottage unit.

Investment Highlights

  • 15.18 GRM, 4.11 Cap without unwarranted units rent
  • One Large Three Bedroom, Two Bathroom Flat and One Three Bedroom, One Bathroom Flat
  • Large Restaurant space vacant

Exclusively Listed By

Listing Price: $2,100,000

Cap Rate
4.11%
Number of Units
3
GRM
15.18
Occupancy
100.0%
Price/Unit
$700,000
Price/Gross SF
$509.09
Gross SF
4,125

Investment Highlights

  • 15.18 GRM, 4.11 Cap without unwarranted units rent
  • One Large Three Bedroom, Two Bathroom Flat and One Three Bedroom, One Bathroom Flat
  • Large Restaurant space vacant

Investment Overview

Marcus & Millichap is pleased to present 3471-3475 Mission Street for sale. The property is an attractive Edwardian mixed-use building with two apartments over a restaurant space in Bernal Heights. It features a large three-bedroom, two-bathroom flat on the top floor, and a three-bedroom, one-bathroom flat on the middle floor. The both units were recently renovated with large eat-in kitchens and dining areas that can be used at fourth bedroom. The tenant on the top floor, 3745, is leased through SFHAs Section 8 program. The restaurant space is recently vacant and is a perfect opportunity for an owner user or repositioning. There is a spacious backyard to the property, in which, an unwarranted one-bedroom apartment cottage sits. All the residential units are occupied, but the cottage has recently stopped paying rent due to Covid-19 financial hardship.

Mission Street in Bernal Heights is a nice neighborhood retail corridor with several coffee shops & lunch places up and down the street. The building is separately metered for gas & electric although the cottage is on the house meter. The roof was replaced in 2019.

3471-3475 Mission Street offers an owner-user an opportunity to plant a restaurant in a solid San Francisco location or an investor the opportunity to reposition it immediately by leasing the ground floor to a restaurant and legalizing the cottage unit.

Exclusively Listed By

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