Skip to main content

Multifamily

1856 McAllister St

1856 McAllister St, San Francisco, CA 94115

Listing Price: $3,225,000

Cap Rate
4.51%
Number of Units
10
Occupancy
83.7%
Price/Unit
$322,500
Price/Gross SF
$1,133.17
Gross SF
2,846

Investment Overview

Marcus & Millichap is pleased 1856 McAllister St, a completely renovated & updated 10 bedroom co-living community located in NOPA, one of the most desirable locations in San Francisco. Co-living is considered by many in the Real Estate industry as an affordable option to traditional apartments and the increasingly high cost of living in gateway cities including San Francisco. This co-living community is fully turnkey and ready for an investor to operate at an almost 10% first year return. The first floor features a bright, open communal dining area and kitchen is the focal point of this floor. The kitchen includes custom tiling, a stellar range and hood, and island with a farm sink. The media room, laundry area, 4 bedrooms and 2 baths are also on this floor. The media area opens up to a spacious backyard with a barbeque, firepit and bocce ball court. The top floor features six bedrooms and three and a half bathrooms. All bedrooms have brand new luxury vinyl plank flooring and new windows. All bathrooms are either completely renovated or brand new. There are abundant amenities for tenants at 1856 McAllister St including once a week cleanings, full common area furnishings, and free internet in each room. The current owners are willing to stay on as property managers and teach the new ownership how to operate this business model successfully if requested. 1856 McAllister is perfect for an investor looking to purchase a turn-key, fully renovated, and high return yielding investment in a fabulous location in San Francisco.

Investment Highlights

  • 10 Unit Turn-Key Fully Renovated Furnished Co-Living Rental Property
  • Property is Fully Leased with Management willing to stay on
  • No Capital Improvements Necessary for 7% Total Return on Investment with over 10% Potential Return
  • Renovated Down to the Studs - Seismically Upgraded, New Double Paned Windows, Luxury Vinyl Plank Floors, Fully Renovated Kitchens & Bathrooms, New Laundry Room, New Media Room, Expertly Manicured Backyard with Fire Pit & Bocce Ball Court, New Electrical & Plumbing

Exclusively Listed By

Listing Price: $3,225,000

Cap Rate
4.51%
Number of Units
10
Occupancy
83.7%
Price/Unit
$322,500
Price/Gross SF
$1,133.17
Gross SF
2,846

Investment Highlights

  • 10 Unit Turn-Key Fully Renovated Furnished Co-Living Rental Property
  • Property is Fully Leased with Management willing to stay on
  • No Capital Improvements Necessary for 7% Total Return on Investment with over 10% Potential Return
  • Renovated Down to the Studs - Seismically Upgraded, New Double Paned Windows, Luxury Vinyl Plank Floors, Fully Renovated Kitchens & Bathrooms, New Laundry Room, New Media Room, Expertly Manicured Backyard with Fire Pit & Bocce Ball Court, New Electrical & Plumbing

Investment Overview

Marcus & Millichap is pleased 1856 McAllister St, a completely renovated & updated 10 bedroom co-living community located in NOPA, one of the most desirable locations in San Francisco. Co-living is considered by many in the Real Estate industry as an affordable option to traditional apartments and the increasingly high cost of living in gateway cities including San Francisco. This co-living community is fully turnkey and ready for an investor to operate at an almost 10% first year return. The first floor features a bright, open communal dining area and kitchen is the focal point of this floor. The kitchen includes custom tiling, a stellar range and hood, and island with a farm sink. The media room, laundry area, 4 bedrooms and 2 baths are also on this floor. The media area opens up to a spacious backyard with a barbeque, firepit and bocce ball court. The top floor features six bedrooms and three and a half bathrooms. All bedrooms have brand new luxury vinyl plank flooring and new windows. All bathrooms are either completely renovated or brand new. There are abundant amenities for tenants at 1856 McAllister St including once a week cleanings, full common area furnishings, and free internet in each room. The current owners are willing to stay on as property managers and teach the new ownership how to operate this business model successfully if requested. 1856 McAllister is perfect for an investor looking to purchase a turn-key, fully renovated, and high return yielding investment in a fabulous location in San Francisco.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower