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Multifamily

290 16th Ave

290 16th Ave, San Francisco, CA 94118

Listing Price: $4,350,000

Cap Rate
5.47%
Number of Units
8
Occupancy
98.0%
Price/Unit
$543,750
Price/Gross SF
$481.46
Gross SF
9,035

Investment Overview

Marcus & Millichap is pleased to present for sale the apartment building at 290 16th Ave in the Central Mission district of San Francisco. Many Retail shops, restaurants, and coffee shops are within walking distance on Clement Street, California Street, and Geary Blvd. Public transit is very convenient. 290 16th Ave is an extremely well-maintained apartment building. It has 3 original, large 2-bedroom units, 3 fully upgraded units that each has 4 suites, and 2 additional dwelling units (ADU). One ADU has 4 suites, and the other ADU is a studio with a private garage space. Every suite has a nice, private bathroom inside the room. Most units have great natural light. The subject property has gone through extensive capital improvements and upgrades over the last several years. Soft-story retrofit has been completed Subject property is a 9,035 square feet (Est.) building sitting on a 2,604 square foot lot. APN is 1418-026. Zoning is RM-1 290 16th Ave presents an excellent turnkey investment opportunity to investors with incredible, high cashflow.

Investment Highlights

  • Extremely Well-Maintained Building
  • 8 Unit Corner Building with Great Natural Light
  • Studio Delivered Vacant, All Other Units Are Rented
  • 3 Large 2 Bedroom Units, 16 Suites in 4 Units, 1 Studio
  • 9,035 Building Sq.Ft and 2,604 Lot Sq. Ft. (Est.)
  • Current Cap Rate: 5.37% Current GRM: 12.72
  • Soft Story Retrofit Completed

Exclusively Listed By

Listing Price: $4,350,000

Cap Rate
5.47%
Number of Units
8
Occupancy
98.0%
Price/Unit
$543,750
Price/Gross SF
$481.46
Gross SF
9,035

Investment Highlights

  • Extremely Well-Maintained Building
  • 8 Unit Corner Building with Great Natural Light
  • Studio Delivered Vacant, All Other Units Are Rented
  • 3 Large 2 Bedroom Units, 16 Suites in 4 Units, 1 Studio
  • 9,035 Building Sq.Ft and 2,604 Lot Sq. Ft. (Est.)
  • Current Cap Rate: 5.37% Current GRM: 12.72
  • Soft Story Retrofit Completed

Investment Overview

Marcus & Millichap is pleased to present for sale the apartment building at 290 16th Ave in the Central Mission district of San Francisco. Many Retail shops, restaurants, and coffee shops are within walking distance on Clement Street, California Street, and Geary Blvd. Public transit is very convenient. 290 16th Ave is an extremely well-maintained apartment building. It has 3 original, large 2-bedroom units, 3 fully upgraded units that each has 4 suites, and 2 additional dwelling units (ADU). One ADU has 4 suites, and the other ADU is a studio with a private garage space. Every suite has a nice, private bathroom inside the room. Most units have great natural light. The subject property has gone through extensive capital improvements and upgrades over the last several years. Soft-story retrofit has been completed Subject property is a 9,035 square feet (Est.) building sitting on a 2,604 square foot lot. APN is 1418-026. Zoning is RM-1 290 16th Ave presents an excellent turnkey investment opportunity to investors with incredible, high cashflow.

Exclusively Listed By

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