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Multifamily

2275 - 2281 Chestnut Street

2275-2281 Chestnut St, San Francisco, CA 94115

Listing Price: $2,500,000

Cap Rate
3.58%
Number of Units
4
Occupancy
95.0%
Price/Unit
$625,000
Price/Gross SF
$838.08
Gross SF
2,983

Investment Overview

Marcus & Millichap is pleased to announce the sale of an exceptional pride of ownership property located at 2275 - 2281 Chestnut Street in the heart of the Marina District neighborhood of San Francisco. The property is located in an A+ location and consists of three commercial tenants and one top floor two bedroom/one bathroom apartment. The dentist and the nail salon have been tenants in the property for over 25+ years each and Jacks is a successful clothing store that has been in the neighborhood for five years. The two-bedroom apartment does not fall under the San Francisco rent control ordinance as it is the only residential unit at the property. This property has been in the same family for generations and it's the first time it has hit the market in over 70+ years.

Investment Highlights

  • Irreplaceable A+ location in the heart of the Marina district on Chestnut Street.
  • Fully occupied property with a lot of rental upside potential
  • The property boasts a 3.58% cap rate and 16.67 GRM

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
3.58%
Number of Units
4
Occupancy
95.0%
Price/Unit
$625,000
Price/Gross SF
$838.08
Gross SF
2,983

Investment Highlights

  • Irreplaceable A+ location in the heart of the Marina district on Chestnut Street.
  • Fully occupied property with a lot of rental upside potential
  • The property boasts a 3.58% cap rate and 16.67 GRM

Investment Overview

Marcus & Millichap is pleased to announce the sale of an exceptional pride of ownership property located at 2275 - 2281 Chestnut Street in the heart of the Marina District neighborhood of San Francisco. The property is located in an A+ location and consists of three commercial tenants and one top floor two bedroom/one bathroom apartment. The dentist and the nail salon have been tenants in the property for over 25+ years each and Jacks is a successful clothing store that has been in the neighborhood for five years. The two-bedroom apartment does not fall under the San Francisco rent control ordinance as it is the only residential unit at the property. This property has been in the same family for generations and it's the first time it has hit the market in over 70+ years.

Exclusively Listed By

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