655 Hyde St - Apartments FOR SALE


San Francisco, CA 94109- Civic Center
$3,095,000 USD
415-670-9888
655 Hyde St, San Francisco, CA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/8
null | 5.59% Cap Rate

655 Hyde St
San Francisco, CA 94109
Civic Center


HIGHLIGHTS

  • NEW PRICE: $3,095,000 - $221K/unit | $390/SF | 5.59% Cap Rate
  • 14 units: 8 studios and 6 one-bedroom apartments
  • 100% occupied offering immediate in-place income
  • Approximately 35% rent-roll upside
  • 12 of 14 units recently updated
  • UMB retrofit completed in 2004; Compliant with SFFD Sleeping Area Fire Alarm Requirements

OVERVIEW

NEW PRICE — $3,095,000. 655 Hyde Street is a 14-unit, 100%-occupied apartment building in Lower Nob Hill. Offered at approximately $221K/unit and $390/SF, the property delivers a 5.59% in-place cap rate based on current NOI of $173,020 and a 9.80 GRM based on current total scheduled income of $315,776. The efficient unit mix comprises eight studios and six one-bedroom apartments. Rent Roll upside of approximately 35%, and proforma cap rate of 9%. 12 of 14 units have been updated (~86%), positioning new ownership to capture long-term income growth through natural turnover while benefiting from stable in-place cash flow. Professionally managed and fully occupied, the property also benefits from an existing RUBS program and recently completed on-site laundry. The property is compliant with the SF sleep area fire ordinance, and received significant retrofitting under the UMB seismic program completed in 2004. Built in 1913, the building features an arched entry, ornate cornice detailing, and convenient access to Lower Nob Hill retail, dining, employment centers, and public transportation. Contact the listing team to review the offering memorandum, rent roll, operating statements, and additional due-diligence materials.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

14

PRICE/UNIT

$221,071

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,217 SF

ZONING

RC-4

APN/PARCEL ID

0302-002

ASK ABOUT THIS PROPERTY

Cris LamasUrban Capital of San FranciscoMore Info
415-670-9888

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Cris LamasUrban Capital of San FranciscoMore Info
415-670-9888

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