110 Gardenside Dr - Apartments FOR SALE


San Francisco, CA 94131- Twin Peaks
$5,995,000 USD
415-794-9510
110 Gardenside Dr, San Francisco, CA for Sale
$5,995,000 USD
Apartments - FOR SALE
1/5
null | 5.65% Cap Rate

110 Gardenside Dr
San Francisco, CA 94131
Twin Peaks


HIGHLIGHTS

  • 17-unit apartment building located in San Francisco’s Twin Peaks neighborhood.
  • Strong current financials with an in-place cap rate of 5.6% and 11.3 GRM.
  • Completed soft-story seismic retrofit in 2016 for enhanced structural stability.
  • Located near major employment centers, public transit, and lifestyle amenities.

OVERVIEW

110 Gardenside Drive is a 17-unit apartment building with 16-car garage parking located in Twin Peaks. All 17 units have private decks, many of which offer sweeping, east-facing views of the SF skyline, Noe Valley, and the Mission District. The unit mix consists of three (3) studios, 12 1-bedrooms, and two (2) 2-bedroom units. Eight (8) units have updated kitchens and bathrooms. Two units will be delivered vacant. The property is powered with 600 amps. The units are separately metered for electricity with electric baseboard heaters. The soft-story retrofit was completed in 2016. The property is grossing $528,000/year (assuming a projected rent for the vacant units and implementation of rent increases). This equates to an attractive 11.3 GRM and 5.6% cap rate, with 27% rental upside. 110 Gardenside is a well-maintained, stable asset with achievable upside.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

17

PRICE/UNIT

$352,647

CAP RATE

5.65%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1975

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,768 SF

ZONING

RH-2, San Francisco

APN/PARCEL ID

2854-007

ASK ABOUT THIS PROPERTY

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