655 Hyde St - Apartments FOR SALE


San Francisco, CA 94109- Civic Center
$3,350,000 USD
415-670-9888
655 Hyde St, San Francisco, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/8
null | 5.1% Cap Rate

655 Hyde St
San Francisco, CA 94109
Civic Center


HIGHLIGHTS

  • 14-unit multifamily property located in the sought-after Nob Hill corridor.
  • Unit Mix: (8) Eight Studios, (6) Six 1-bedroom apartments
  • Over 39%+ upside in rents, Several updated units, providing clear path to income growth upon turnover
  • Additional income from existing RUBS program, and newly constructed on-site laundry facility
  • Exceptional Walk Score of 98, steps from Whole Foods, Trader Joe’s, and major employers.
  • $239K/unit | 10.69 GRM | 8.14% Proforma Cap Rate

OVERVIEW

Urban Capital is pleased to present 655 Hyde Street, a 14-unit multifamily asset located in Nob Hill. This well-maintained building features an elegant arched entry, ornate cornice work, and other period detailing. The property is 100% occupied and delivers a 5.1% cap and 10.69 GRM on in-place income, with an efficient (8) studio and (6) 1-bedroom unit mix, supplemented by additional income streams from existing RUBS program, and newly constructed on-site laundry. Primely located to benefit from the downtown employers driving San Francisco's hiring recovery, the building's 98 Walk Score puts residents steps from Whole Foods, Trader Joe's, and the neighborhood's best dining and retail. Priced at $239K/unit and $422/SF with over 35% rent roll upside, 655 Hyde offers a low-basis entry into a recovering market with significant turnover-driven rent growth and low repositioning risk.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

14

PRICE/UNIT

$239,286

CAP RATE

5.1%

% 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.