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Multifamily

401-411 & 413-427 Haight Street

401-411 & 413-427 Haight Street, San Francisco, CA 94117

Listing Price: $6,300,000

Cap Rate
3.37%
Number of Units
23
Price/Unit
$273,913
Price/Gross SF
$374.33
Gross SF
16,830

Investment Overview

Marcus & Millichap is pleased to present 401-411 & 413-427 Haight Street, adjoined eleven and twelve unit mixed-use properties, located in the heart of San Francisco’s Lower Haight neighborhood. 401-411 Haight Street is an eleven unit property, comprised of one commercial, six 1-bedroom and four 2-bedroom units. The commercial unit is occupied by Two Jack’s Nik’s Place, a casual southern comfort food restaurant. 411-427 Haight Street is twelve units, comprised of ten one-bedroom and two commercial units. The commercial units are currently occupied by Rooky Ricardo’s Records and Sam’s Laundry (no on-site dry cleaning). The record store is subleasing their space from Upper Playground, the master tenant. All apartment units have high ceilings with original Victorian details. Many of the kitchens have been remodeled with granite counter-tops and new appliances. The softwood floors accent the wonderful period details in each unit. Some apartments have washers and dryer hookups and each unit has a separate hot water heater, which the tenants pay to operate. Units are heated by gas wall heaters. The buildings sit atop a very large, adjoined basement space that offers the future owner potential to add ADUs. Re-roofing was completed by S’Top Home Service Roofing in August of 2015. The properties are on tier 4 of the San Francisco soft story retrofit list and the work HAS NOT been completed. The Lower Haight location sits directly between Duboce Triangle and the Hayes Valley business district. Attractions within a short walking distance include numerous dining experiences (Maven, Iza Ramen, House of Thai, Seniore’s Pizza, Palmyra), bars (Toronado, Danny Coyle’s, Molotov’s,) and outdoor attractions including Duboce Park.

Investment Highlights

  • 23 Unit Mixed-Use Property
  • 103.47% Rental Upside
  • $273,913/Unit

Exclusively Listed By

Listing Price: $6,300,000

Cap Rate
3.37%
Number of Units
23
Price/Unit
$273,913
Price/Gross SF
$374.33
Gross SF
16,830

Investment Highlights

  • 23 Unit Mixed-Use Property
  • 103.47% Rental Upside
  • $273,913/Unit

Investment Overview

Marcus & Millichap is pleased to present 401-411 & 413-427 Haight Street, adjoined eleven and twelve unit mixed-use properties, located in the heart of San Francisco’s Lower Haight neighborhood. 401-411 Haight Street is an eleven unit property, comprised of one commercial, six 1-bedroom and four 2-bedroom units. The commercial unit is occupied by Two Jack’s Nik’s Place, a casual southern comfort food restaurant. 411-427 Haight Street is twelve units, comprised of ten one-bedroom and two commercial units. The commercial units are currently occupied by Rooky Ricardo’s Records and Sam’s Laundry (no on-site dry cleaning). The record store is subleasing their space from Upper Playground, the master tenant. All apartment units have high ceilings with original Victorian details. Many of the kitchens have been remodeled with granite counter-tops and new appliances. The softwood floors accent the wonderful period details in each unit. Some apartments have washers and dryer hookups and each unit has a separate hot water heater, which the tenants pay to operate. Units are heated by gas wall heaters. The buildings sit atop a very large, adjoined basement space that offers the future owner potential to add ADUs. Re-roofing was completed by S’Top Home Service Roofing in August of 2015. The properties are on tier 4 of the San Francisco soft story retrofit list and the work HAS NOT been completed. The Lower Haight location sits directly between Duboce Triangle and the Hayes Valley business district. Attractions within a short walking distance include numerous dining experiences (Maven, Iza Ramen, House of Thai, Seniore’s Pizza, Palmyra), bars (Toronado, Danny Coyle’s, Molotov’s,) and outdoor attractions including Duboce Park.

Exclusively Listed By

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