48 Sycamore St - Apartments FOR SALE


San Francisco, CA 94110- Mission
$1,590,000 USD
415-516-9843
48 Sycamore St, San Francisco, CA for Sale
$1,590,000 USD
Apartments - FOR SALE
1/1
null | 5.49% Cap Rate

48 Sycamore St
San Francisco, CA 94110
Mission


OVERVIEW

48 Sycamore Street is a four-unit investment opportunity in the heart of the Mission District. This turn-key investment consists of four 1bd/1ba apartments. Two of the units have an additional room that makes for a great home office. Each apartment has been nicely updated with in-unit laundry, marble countertops, tile backsplashes, stainless appliances, tastefully updated baths, and newer windows throughout. They also maintain much of their vintage charm with brick fireplaces, wood floors, and beamed ceilings. The building systems were also recently updated with a new 200-amp electrical service in 2013, tankless water heaters, and furnaces in each apartment. In 2009 an expansion of the existing garage was completed, which included installing structural steel reinforcement. There is a garage that can accommodate two cars independently. The property has a second frontage on Clarion Alley which provides access to an additional garage and unwarranted cottage, both of which are vacant. This structure may offer upside through development potential or make a great workspace (buyers should investigate possibilities to their own satisfaction). Conveniently located between Mission and Valencia Streets this is your chance to own a great building in a vibrant and desirable Mission location. Priced to sell at an 11.5 GRM and 5.5% cap rate.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$539 USD /SF

# OF UNITS

4

PRICE/UNIT

$397,500

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,495 SF

ZONING

RH3

APN/PARCEL ID

3576-069

ASK ABOUT THIS PROPERTY

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415-516-9843

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415-516-9843

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