1321 Columbus Ave - Apartments FOR SALE


San Francisco, CA 94133- Russian Hill
$2,800,000 USD
415-971-2535
1321 Columbus Ave, San Francisco, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/29
null | 4.79% Cap Rate

1321 Columbus Ave
San Francisco, CA 94133
Russian Hill


HIGHLIGHTS

  • 3 out of 8 units are newly renovated, top floor 2-bedroom / 1-bath unit delivered Vacant
  • 5-Car Parking
  • Seismic Soft Story completed, Fire Alarm Panel upgrade completed, New Roof, New Gas Meters

OVERVIEW

Attractive Mid-Century 8-Unit Apartment Building located in the heart of iconic North Beach! This well-maintained property sits on a 3,484 square foot L-shaped lot with approximately 5,350 +/- square feet of net rentable space. The average unit size is close to 700 square feet, and the building offers a mix of one large studio unit, four 1-bedroom / 1-bathroom units, and three 2-bedroom / 1-bathroom units. Three out of the eight units have been renovated head-to-toe with sparkling flooring, fully equipped kitchens, in-unit laundry, and double paned windows. The common areas feature three separate garages offering a total of 5-car parking, multiple storage rooms, common laundry room, and an elevator which services all levels. Recent capital improvements include a completed soft-story seismic retrofit, fire alarm upgrade (SFFC Section 1103.7.6.1), relocation of brand-new gas meters, roof & skylights replacement, and common area cosmetic upgrades. The building is professionally managed, beautifully maintained, and offers tremendous upside potential. Conveniently located - just a short stroll from Ghirardelli Square, Aquatic Park, Fisherman's Wharf, Washington Square Park, Grant Avenue boutique shops, local cafes, and popular restaurants & nightlife. Commuting into the financial district & downtown is easily accessible with quick access to public transit, and it's a Walker's Paradise'' with a 97 Walk Score!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

4.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C2

APN/PARCEL ID

0024-024

ASK ABOUT THIS PROPERTY

Marla Moresi-ValdesSotheby's International RealtyMore Info
415-971-2535

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Marla Moresi-ValdesSotheby's International RealtyMore Info
415-971-2535

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