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Multifamily

1737 Chestnut St

1737 Chestnut St, San Francisco, CA 94123

Listing Price: $4,400,000

Cap Rate
3.59%
Number of Units
9
Price/Unit
$488,889
Price/Gross SF
$539.02
Gross SF
8,163

Investment Overview

1737 Chestnut Street is a very attractive nine-unit apartment building located directly across the street from San Francisco’s Moscone Playground in the city’s highly desirable Marina District. The property consists of six two-bedroom and three one-bedroom units plus four car parking. The location is excellent as Chestnut Street is renowned for its trendy cafes and restaurants, nightspots, coffee houses and fashionable boutiques. Nearby famed attractions include the Presidio, Fort Mason, Crissy Field, Aquatic Park, Fisherman’s Wharf, Palace of Fine Arts and Ghirardelli Square This Marina Style building was built in 1932 by famed architect Angelo Fraschina. The Art Deco lobby has wonderful touches especially including the magnificent ceiling detail. The front units have views of Moscone Playground with distant views of the Golden Gate Bridge. This three-story wood frame building (APN 0494-018) measures 8,163 per city tax records and is situated on a 25’ x 118’ lot. The units have excellent light and very large closets that allow for many possibilities. There are hardwood floors and electric stoves throughout, here is a 600-amp service, separate electrical meters, and one gas meter. Steam heat is provided by boiler maintained by J.E. Brown. The roof is tar and gravel. The San Francisco mandatory soft story retrofit has been completed and there have been no capital improvement pass throughs. The property has been professionally managed by Amore Real Estate and there are currently four vacant units which allow the purchaser to achieve current Marina District rents. This property presents an outstanding opportunity to own a prestige property with upside rental potential in one of the nation’s best neighborhoods.

Investment Highlights

  • 9 Units – 4 Car Parking
  • Premier Marina District Location
  • Directly Across from Moscone Playground

Exclusively Listed By

Multifamily

1737 Chestnut St

Listing Price: $4,400,000

Cap Rate
3.59%
Number of Units
9
Price/Unit
$488,889
Price/Gross SF
$539.02
Gross SF
8,163

Investment Highlights

  • 9 Units – 4 Car Parking
  • Premier Marina District Location
  • Directly Across from Moscone Playground

Investment Overview

1737 Chestnut Street is a very attractive nine-unit apartment building located directly across the street from San Francisco’s Moscone Playground in the city’s highly desirable Marina District. The property consists of six two-bedroom and three one-bedroom units plus four car parking. The location is excellent as Chestnut Street is renowned for its trendy cafes and restaurants, nightspots, coffee houses and fashionable boutiques. Nearby famed attractions include the Presidio, Fort Mason, Crissy Field, Aquatic Park, Fisherman’s Wharf, Palace of Fine Arts and Ghirardelli Square This Marina Style building was built in 1932 by famed architect Angelo Fraschina. The Art Deco lobby has wonderful touches especially including the magnificent ceiling detail. The front units have views of Moscone Playground with distant views of the Golden Gate Bridge. This three-story wood frame building (APN 0494-018) measures 8,163 per city tax records and is situated on a 25’ x 118’ lot. The units have excellent light and very large closets that allow for many possibilities. There are hardwood floors and electric stoves throughout, here is a 600-amp service, separate electrical meters, and one gas meter. Steam heat is provided by boiler maintained by J.E. Brown. The roof is tar and gravel. The San Francisco mandatory soft story retrofit has been completed and there have been no capital improvement pass throughs. The property has been professionally managed by Amore Real Estate and there are currently four vacant units which allow the purchaser to achieve current Marina District rents. This property presents an outstanding opportunity to own a prestige property with upside rental potential in one of the nation’s best neighborhoods.

Exclusively Listed By

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