Skip to main content

Multifamily

1150 Fell St

1150 Fell St, San Francisco, CA 94117

Listing Price: $4,375,000

Cap Rate
4.51%
Number of Units
3
Occupancy
82.9%
Price/Unit
$1,458,333
Price/Gross SF
$1,107.59
Gross SF
3,950

Investment Overview

Marcus & Millichap is pleased to announce for sale 1150 Fell Street, a completely renovated duplex with Accessory Dwelling Unit and large backyard currently operating as a fully occupied co-living community. It's NOPA location - just steps to Divisadero Street - is one of the most highly desirable residential neighborhoods in San Francisco. The property generates very good cash flow and can be continued to be used as a co-living community with current management in place or upon tenant turnover revert the property back to traditional residential. The top two units are used as 11 co-living units. Co-living units are furnished rental rooms with custom beds, nightstands, closets, & lighting fixtures. The top floor features six bedrooms, two and a half bathrooms. The middle floor has five bedrooms, two and a half bathrooms with a media room and fully renovated kitchen with top of the line stainless steel appliances. The Accessory Dwelling Unit is a brand-new furnished two-bedroom, one-bathroom apartment on the ground floor. The property's extensive renovations include seismic retrofitting, hardwood floor restoration, new roof, new double paned vinyl windows, upgraded electrical, and upgraded plumbing. 1150 Fell Street is a perfect opportunity for a cash flow investor looking wanting a high first year return and no capital expenditures, or someone wanting to convert it back to personal use as move outs occur.

Investment Highlights

  • Duplex with Accessory Dwelling Unit in Stellar NOPA Location
  • Fully Renovated to the Studs in 2019
  • Luxury and Custom Fixtures & Furnishings Throughout the Property
  • Current Use as Co-Living Furnished Rentals Provides Good Cash Flow
  • Short Term Leases Provide Flexibility to Buyer
  • Current Operator to manage for 3% of Gross Income

Exclusively Listed By

Listing Price: $4,375,000

Cap Rate
4.51%
Number of Units
3
Occupancy
82.9%
Price/Unit
$1,458,333
Price/Gross SF
$1,107.59
Gross SF
3,950

Investment Highlights

  • Duplex with Accessory Dwelling Unit in Stellar NOPA Location
  • Fully Renovated to the Studs in 2019
  • Luxury and Custom Fixtures & Furnishings Throughout the Property
  • Current Use as Co-Living Furnished Rentals Provides Good Cash Flow
  • Short Term Leases Provide Flexibility to Buyer
  • Current Operator to manage for 3% of Gross Income

Investment Overview

Marcus & Millichap is pleased to announce for sale 1150 Fell Street, a completely renovated duplex with Accessory Dwelling Unit and large backyard currently operating as a fully occupied co-living community. It's NOPA location - just steps to Divisadero Street - is one of the most highly desirable residential neighborhoods in San Francisco. The property generates very good cash flow and can be continued to be used as a co-living community with current management in place or upon tenant turnover revert the property back to traditional residential. The top two units are used as 11 co-living units. Co-living units are furnished rental rooms with custom beds, nightstands, closets, & lighting fixtures. The top floor features six bedrooms, two and a half bathrooms. The middle floor has five bedrooms, two and a half bathrooms with a media room and fully renovated kitchen with top of the line stainless steel appliances. The Accessory Dwelling Unit is a brand-new furnished two-bedroom, one-bathroom apartment on the ground floor. The property's extensive renovations include seismic retrofitting, hardwood floor restoration, new roof, new double paned vinyl windows, upgraded electrical, and upgraded plumbing. 1150 Fell Street is a perfect opportunity for a cash flow investor looking wanting a high first year return and no capital expenditures, or someone wanting to convert it back to personal use as move outs occur.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower