54-60 Salmon St - Apartments FOR SALE


San Francisco, CA 94133- Nob Hill
$3,150,000 USD
925-482-5143
54-60 Salmon St, San Francisco, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/14
null | 5.7% Cap Rate

54-60 Salmon St
San Francisco, CA 94133
Nob Hill


HIGHLIGHTS

  • Desirable All Two-Bedroom Mix
  • Value Add Opportunity
  • Premier Russian Hill Location

OVERVIEW

54-60 Salmon Street (the Property) is a multifamily asset built in 1907, situated on a 0.23-acre lot and comprised of six (6) units. The Property features a unit mix of entirely two-bedroom floorplans, a configuration that is increasingly scarce among San Francisco’s boutique multifamily stock and consistently commands strong tenant demand. The Property’s premier location on Russian Hill generates premium rents and strong demand from renters drawn to one of San Francisco’s most walkable and desirable neighborhoods, carrying a Walk Score of 97. This Property offers investors the rare opportunity to acquire an investment property just steps from Coit Tower and the Filbert and Greenwich Street stairways, the restaurant and cafe corridor of North Beach and Washington Square Park, and the Embarcadero waterfront and Ferry Building marketplace. In addition, the Property is within walking distance to the Financial District and benefits from strong cable car and Muni access, offsetting the neighborhood’s limited street parking.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$861 USD /SF

# OF UNITS

6

PRICE/UNIT

$525,000

CAP RATE

5.7%

% LEASED

17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,396 SF

ZONING

RM2, San Francisco

APN/PARCEL ID

0158-041

ASK ABOUT THIS PROPERTY

Jack MarkeyCBREMore Info
925-482-5143

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Jack MarkeyCBREMore Info
925-482-5143

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