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Multifamily

1531 Francisco St

1531 Francisco St, San Francisco, CA 94123

Listing Price: $5,300,000

Cap Rate
3.66%
Number of Units
9
Occupancy
100.0%
Price/Unit
$588,889
Price/Gross SF
$985.13
Gross SF
5,380

Investment Overview

1531 Francisco Street is an impeccable investment property located in the highly desirable Marina District of San Francisco. The property consists of 9 residential apartments over a ground-floor garage and a large backyard area. The building, which sits above bedrock, was constructed in 1924 on a concrete foundation and has been seismically upgraded to meet city code requirements. Eight of the units are tenant occupied and one unit and garage will be delivered vacant at close of escrow. The property was recently re-roofed, painted, sprinklered on the ground floor and several units have been upgraded. In addition to these improvements, three of the large studio units have been converted into beautiful one-bedroom units with new kitchens and bathrooms. The remaining 5 studio units are future candidates for this upgrade as they turn over. Current ownership has begun the process of creating an ADU in the garage and storage areas and will convey all plans, drawings and progress to a new owner. The property is in an extraordinary location nearby ample attractions, shopping, dining, and nightlife. Steps to Fort Mason, Crissy Field and Moscone Park, this is a walker’s neighborhood where most tenants don’t have the need for a car. This is an exceedingly popular neighborhood for students, young professionals and successful residents that prefer an active outdoor lifestyle. 1531 Francisco Street offers the purchaser the opportunity to own a highly upgraded property with excellent future upside in the City’s best location.

Investment Highlights

  • Exceptional location on bedrock steps to Moscone Park
  • Significant upgrades to all of the apartments and common areas
  • ADU potential on the ground floor
  • Gorgeous new kitchens and baths in all of the apartments
  • Significant rental growth opportunity

Exclusively Listed By

Multifamily

1531 Francisco St

Listing Price: $5,300,000

Cap Rate
3.66%
Number of Units
9
Occupancy
100.0%
Price/Unit
$588,889
Price/Gross SF
$985.13
Gross SF
5,380

Investment Highlights

  • Exceptional location on bedrock steps to Moscone Park
  • Significant upgrades to all of the apartments and common areas
  • ADU potential on the ground floor
  • Gorgeous new kitchens and baths in all of the apartments
  • Significant rental growth opportunity

Investment Overview

1531 Francisco Street is an impeccable investment property located in the highly desirable Marina District of San Francisco. The property consists of 9 residential apartments over a ground-floor garage and a large backyard area. The building, which sits above bedrock, was constructed in 1924 on a concrete foundation and has been seismically upgraded to meet city code requirements. Eight of the units are tenant occupied and one unit and garage will be delivered vacant at close of escrow. The property was recently re-roofed, painted, sprinklered on the ground floor and several units have been upgraded. In addition to these improvements, three of the large studio units have been converted into beautiful one-bedroom units with new kitchens and bathrooms. The remaining 5 studio units are future candidates for this upgrade as they turn over. Current ownership has begun the process of creating an ADU in the garage and storage areas and will convey all plans, drawings and progress to a new owner. The property is in an extraordinary location nearby ample attractions, shopping, dining, and nightlife. Steps to Fort Mason, Crissy Field and Moscone Park, this is a walker’s neighborhood where most tenants don’t have the need for a car. This is an exceedingly popular neighborhood for students, young professionals and successful residents that prefer an active outdoor lifestyle. 1531 Francisco Street offers the purchaser the opportunity to own a highly upgraded property with excellent future upside in the City’s best location.

Exclusively Listed By

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