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270 - 272 Turk Street - The Barcelona Apartments, San Francisco, CA

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270 - 272 Turk Street - The Barcelona Apartments

San Francisco, CA 94102-3830 - Civic Center MF Submarket

Property Type:Multi-Family Number of Units:86 Status:Existing Year Built:1927
Stories:10 Building Size:47,054 SF Land Area:.16 AC (6,882 SF)
For Sale Price:$17,000,000 Price/Unit:$197,674.42 Cap Rate:3.80 % GRM:12.70


Property Description: 86-UNIT APARTMENT BUILDING (REHAB)

Sale Notes:
The Barcelona Apartments, is a rare 86 unit, 10 story high rise constructed in 1927 and designed by renowned San Francisco architect Charles Clausen. Of the 86 residential units there are 19 Efficiencies, 53 Studios and 14 Jr. 1brs. The Barcelona has enjoyed many substantial upgrades to the building systems, remodeled units and common areas. Located in the increasingly popular epicenter of growth and revitalization the Barcelona is attracting a new and younger tenant base employed by the many exciting tech companies in the surrounding area. Rent revenue growth and market value appreciation can be expected for many years into the future.

Paragon Commercial Brokerage
Daniel McGue
(415) 738-7000

Stephen Pugh
(415) 874-5001

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