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198 Carl Street - Carl Hotel, San Francisco, CA

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198 Carl Street - Carl Hotel

San Francisco, CA 94117 - West of Van Ness Submarket

Property Type:Hospitality Number of Rooms:28 Status:Existing Year Built:1896
Stories:3 Building Size:6,750 SF Land Area:.07 AC (3,136 SF)
For Sale Price:$5,395,000 Price/Room:$192,679 Cap Rate:4.78 %


Sale Notes:
Colliers International is pleased to present 198 Carl Street, San Francisco, CA for purchase. This asset is located at the intersection of Stanyan and Carl Streets only one block away from Golden Gate park, in the fabled Haight-Ashbury District. The building consists of 28 SRO units, one of which is currently being used as the building office. Once the center of the 1960' s hippie counterculture movement, The Haight is now a popular tourist destination, though it is equally favored by locals who appreciate its eclectic dining, lively nightlife, and diverse charm. Bus lines on nearby Haight Street, Parnassus Avenue and Stanyan Street provide easy access to various parts of the City. This is a unique opportunity for investors to acquire an asset with tremendous potential in a great location.

Colliers International
James Devincenti
(415) 788-3100

Bradley Lagomarsino
(415) 786-5246

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