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Multifamily

370 8th Ave

370 8th Ave, San Francisco, CA 94118

Listing Price: $2,150,000

Cap Rate
2.92%
Number of Units
6
Occupancy
98.0%
Price/Unit
$358,333
Price/Gross SF
$489.53
Gross SF
4,392

Investment Overview

370 8th Avenue is a well-located six-unit apartment building in the Inner Richmond District of San Francisco. The six-unit building consists of two one-bedroom one-bath units and four two-bedroom one-bath units measuring approximately 4,392 of rentable square feet situated on a 3,050 square foot lot. 370 8th Avenue offers an investor plenty of value-add opportunities. The three-story building consists of (1) one-bedroom/one-bath and (2) two- bedroom/one-bath units on the second and third floors. The ground floor features a spacious garage with stalls to accommodate seven cars and a utility room with laundry hookups. The Richmond District is a highly sought after neighborhood in San Francisco, California. The Richmond District is in close proximity to the Golden Gate Park, Lincoln Park and the Presidio. Residents of Richmond enjoy a safe, peaceful, and family neighborhood in the City’s largest population and housing stock. Tenants of 370 8th Avenue have access to endless diverse dining, fresh produce markets, gifts shops, salons, and other retail shops located on Geary, Clement and Balboa corridors. The area is easily walkable and accessible by public transportation.

Investment Highlights

  • Prime Inner Richmond Location
  • New Exterior Paint (2021)
  • Large Garage with Seven Parking Stalls and Additional Income Stream
  • Tremendous Upside in Rents
  • $489 per Square Foot

Exclusively Listed By

Multifamily

370 8th Ave

Listing Price: $2,150,000

Cap Rate
2.92%
Number of Units
6
Occupancy
98.0%
Price/Unit
$358,333
Price/Gross SF
$489.53
Gross SF
4,392

Investment Highlights

  • Prime Inner Richmond Location
  • New Exterior Paint (2021)
  • Large Garage with Seven Parking Stalls and Additional Income Stream
  • Tremendous Upside in Rents
  • $489 per Square Foot

Investment Overview

370 8th Avenue is a well-located six-unit apartment building in the Inner Richmond District of San Francisco. The six-unit building consists of two one-bedroom one-bath units and four two-bedroom one-bath units measuring approximately 4,392 of rentable square feet situated on a 3,050 square foot lot. 370 8th Avenue offers an investor plenty of value-add opportunities. The three-story building consists of (1) one-bedroom/one-bath and (2) two- bedroom/one-bath units on the second and third floors. The ground floor features a spacious garage with stalls to accommodate seven cars and a utility room with laundry hookups. The Richmond District is a highly sought after neighborhood in San Francisco, California. The Richmond District is in close proximity to the Golden Gate Park, Lincoln Park and the Presidio. Residents of Richmond enjoy a safe, peaceful, and family neighborhood in the City’s largest population and housing stock. Tenants of 370 8th Avenue have access to endless diverse dining, fresh produce markets, gifts shops, salons, and other retail shops located on Geary, Clement and Balboa corridors. The area is easily walkable and accessible by public transportation.

Exclusively Listed By

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