2976-2980 Mission St - Apartments FOR SALE


San Francisco, CA 94110
$1,875,000 USD
415-728-6199
2976-2980 Mission St, San Francisco, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/12
null | 12% Cap Rate

2976-2980 Mission St
San Francisco, CA 94110


HIGHLIGHTS

  • Fully entitled plans available. Approved Gross Square Feet: 11,956 Sq Ft.
  • Plans for a Newly Constructed Elevator Building of 9 units: 7 - 2 Bedroom units, 1 - 1 Bedroom Unit, Bike Storage, and 1 ground floor Commercial space
  • Vibrant and Diverse Mission Location, High Walk & Transit Scores.
  • A+ Location: Within proximity to the 24th Street BART location, walkable to SF General Hospital, as as well as amazing restaurants & shops.
  • Multiple Corporate Bus Stops along Mission Street.
  • What took the sellers 7 years to get Fully Entitled can be yours to ‘Build and Sell’ or ‘Build and Lease’ today. 

OVERVIEW

The Oasis at Mission: An Opportunity to Build a 9 unit Condo and Commercial Building in a great location of San Francisco.  With +80.5k residents in the Mission Neighborhood, there is a need for New Housing and people looking for new buildings and open modern-concept living.  Fully entitled plans include a Newly Constructed Elevator Building for a total of 9 units: 7 - 2 Bedroom units, 1 - 1 Bedroom Unit, Bike Storage, and 1 ground floor Commercial space.  The median salary of those in the Mission District continues to rise above the current $166k annual salary, with an anticipated 20% growth rate, so this build matches the demographic looking for modern and efficient living within an excellent commutable neighborhood.  Approved Gross Square Feet: 11,956 Sq Ft. Located within proximity to the 24th Street BART location, walkable to SF General Hospital, as well as the amazing Restaurants of Lolinda, Foreign Cinema, La Taqueria, and so much more.  This is an A+ location: via the 24th Street BART Station, head to Civic Center in ~15 minutes and the Financial District in ~20 minutes.  Corporate bus stops along Mission Street include those of Google, Apple, Genentech, Facebook, EA, and so many more, which allow for commuters to get to the Peninsula/South Bay.  For those needing to get to San Francisco International Airport, by BART or via Hwy 101, it's ~20 minutes.  What took the sellers 7 years to get Fully Entitled can be yours to ‘Build and Sell’ or ‘Build and Lease’ today.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

8

PRICE/UNIT

$234,375

CAP RATE

12%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

NC3

APN/PARCEL ID

6529-007A

ASK ABOUT THIS PROPERTY

Carol ReenCompass Real EstateMore Info
415-728-6199

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Carol ReenCompass Real EstateMore Info
415-728-6199

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