1627-1631 Clay Street is a 16-unit apartment building centrally located between Polk and Larkin Streets in Nob Hill. Built in 1908, the property consists of one (1) expansive 3,800 square foot, 6 bedroom 5 bath renovated apartment unit, one (1) private 3 room guest-room with a private bath, along with fourteen (14) SRO rooms split between the third and fourth floors with two shared water closets, showers, and renovated kitchens on each level. The property has been seismically retrofitted, and is in compliance with the sleep area fire alarm ordinance. Several of the SRO units have been recently updated and are equipped with in-room kitchenettes. Spanning 10,160 square feet, the property offers significant growth potential with over 40% rental upside, while benefiting from stable in-place returns.