1532 Howard St - Apartments FOR SALE


San Francisco, CA 94103- Mission
$4,895,000 USD
628-800-0285
1532 Howard St, San Francisco, CA for Sale
$4,895,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1532 Howard St
San Francisco, CA 94103
Mission


HIGHLIGHTS

  • Capitalize on this 15-unit multifamily property in the Mission District of San Francisco, perfect for investors seeking their next acquisition.
  • Buyers can reap the rewards of this newly renovated, cash-flowing property and lease out remaining vacancies at market rates.
  • The Mission District is a vibrant community constantly attracting renters with its arts scene, restaurants, and access to Dolores Park.
  • Located with residents in mind near several MUNI and BART stops, as well as major highways connecting throughout the city.
  • Area demographics bode well for multifamily owners with a majority of renter-occupied households within 2 miles of the property.

OVERVIEW

Take advantage of the rare opportunity to acquire this 15-unit multifamily property in San Francisco’s Mission District. This multifamily property built ground up new in 2020, represents a blend of historic significance and modern design in San Francisco. Spanning 8,225 square feet across six stories, the building features a contemporary façade with ample windows, providing abundant natural light to each apartment. All units are designed as one-bedroom residences, offering consistency throughout the property. The modern exterior appeals to tenants interested in modern living within a well-known San Francisco neighborhood. Buyers have the opportunity to lease the remaining units and continue generating income from this established investment. Situated in the Mission District, 1532 Howard Street benefits from an iconic location. The building is within walking distance of several MUNI and BART stops connecting throughout the city. Highway 101 and Dwight D Eisenhower Highway are close by, creating speedy commutes. The Mission is a vibrant and colorful neighborhood attracting tenants. There are many eateries within walking distance of this property, such as Doppio Coffee & Brunch, Ted’s Market, and Peet’s Coffee. The Mission is home to the 16-acre Mission Dolores Park, attracting residents and allowing for shared outdoor space in this urban environment. This area presents attractive opportunities for buyers due to its notable demographics. Within 1 mile of the property, there is substantial renter demand, with 78% of residents living in rental accommodations. The average household income in this locality is $121,518, significantly exceeding the national average. Consumer spending is robust, totaling approximately $1.6 billion. Additionally, the area maintains a low vacancy rate, with San Francisco currently leading the nation in annual rent growth.

FOR SALE DETAILS

PRICE

$4,895,000 USD

PRICE/SF

$595 USD /SF

# OF UNITS

15

PRICE/UNIT

$326,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

SLR

APN/PARCEL ID

3511-015

ASK ABOUT THIS PROPERTY

Antoine CrumeyrolleVanguard PropertiesMore Info
628-800-0285

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Antoine CrumeyrolleVanguard PropertiesMore Info
628-800-0285

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