1040-1042 Howard St - Apartments FOR SALE


San Francisco, CA 94103- SoMa
$2,450,000 USD
415-516-9843
1040-1042 Howard St, San Francisco, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/20
null | 5.98% Cap Rate

1040-1042 Howard St
San Francisco, CA 94103
SoMa


OVERVIEW

1040 Howard Street is a nine-unit mixed-use property located on a strong block in SOMA. This turn-key asset has been professionally managed and well-maintained, offering an excellent investment opportunity. The property consists of four one-bedroom units, four studios, and a large ground-floor commercial space. The commercial space will be delivered vacant and occupies the entire ground floor of the building. It features a large open area upon entry, a full kitchen, in-unit laundry, and three additional rooms that could serve as private offices. Alternatively, a new owner may explore the potential to convert the space to a residential unit, for which the layout is well-suited. Most of the residential units have been tastefully updated in recent years. Improvements include tile kitchen floors, stone countertops, LVT flooring, and select newer windows. Common areas are well-maintained. The main electrical indicates 400 amps of service, and all units are separately metered for gas and electricity. It is flanked on both sides by a nonprofit that provides a positive and stabilizing presence on the block. Overall, this is a compelling opportunity to acquire a turn-key mixed-use building with upside potential at an attractive entry-level price point.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

9

PRICE/UNIT

$272,222

CAP RATE

5.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,796 SF

ZONING

SLR, San Francisco

APN/PARCEL ID

3726-018

ASK ABOUT THIS PROPERTY

Adam FillyCompass CommercialMore Info
415-516-9843

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

Adam FillyCompass CommercialMore Info
415-516-9843

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