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
1/15
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

Tour Tuesday March 10th 10AM to 11AM. Take advantage of the rare opportunity to acquire this 15-unit, recently constructed multifamily property in San Francisco. Specifically the units are all condominiums with separate APNs. Buyers have the opportunity to continue operating the building as an apartment building or sell the units individually now or in the future as San Francisco condominium market climbs. 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 studio residences, offering consistency throughout the property. These modern units have kitchen with dishwasher and microwave, washer / dryer, full bath, and walk-in closet. The modern exterior appeals to tenants interested in modern living within a well-known San Francisco neighborhood. San Francisco rents have climbed drastically. Buyers have the opportunity to increase rents with current and upcoming vacancies. Situated at the intersection of 4 iconic neighborhoods: Hayes Valley, the Mission District, Civic Center, and SOMA (South of Market), 1532 Howard Street is within walking distance of several MUNI and BART stops, Hayes Valley trendy shops and restaurants, Civic Center (SF Jazz, War Memorial Opera House, Herbst Theater, Bill Graham Auditorium, San Francisco Symphony, and Asian Art Museum) and the eclectic charm of of the Mission and SOMA. Highway 101 and Dwight D Eisenhower Highway are close by, creating speedy commutes. Accessibility to transportation, dining, parking garage nearby, and easy access to down town are all highly desirable for tenants demand. 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

ADD'L SUBTYPES

Dormitory

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.