2637-2645 Mission St - Apartments FOR SALE


San Francisco, CA 94110- Mission
$5,600,000 USD
415-727-1271
2637-2645 Mission St, San Francisco, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/9
null | 6.47% Cap Rate

2637-2645 Mission St
San Francisco, CA 94110
Mission


HIGHLIGHTS

  • Large Mission District mixed-use building
  • Priced to move—$6.4M in 2024 to $5.6M now 
  • Extensively renovated building with city permits
  • Ideal property for long-term investor
  • Fully stabilized asset with 100% occupancy
  • 3 newly constructed residential units (exempt from rent limitations)

OVERVIEW

Priced to move. 11 Apartments, 3 Commercial Storefronts. This large, Mission District mixed-use building has been extensively renovated with building systems upgraded throughout--with 9 of the 14 units newly constructed or fully renovated down to the studs with city permits. The stabilized building is 100% leased and has three new units (exempt from ADU regulations) and are not subject to SF rent limitations. Four other apartments have been fully gutted and remodeled, featuring brand-new electrical and plumbing systems, kitchens, bathrooms, flooring, central heating, windows, and stainless-steel appliances. Each new and renovated unit includes an in-unit washer and dryer (except for one). Ideal property for a long-term investor, the property has undergone a seismic upgrade and has a new fire alarm system and a new sprinkler system on the first floor.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

11

PRICE/UNIT

$509,091

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,958 SF

ZONING

NCT

APN/PARCEL ID

3637-027

ASK ABOUT THIS PROPERTY

Matthew C. SheridanMaven Commercial, Inc.More Info
415-727-1271

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Matthew C. SheridanMaven Commercial, Inc.More Info
415-727-1271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.