674-678 Haight St - Apartments FOR SALE


San Francisco, CA 94117- Lower Haight
$2,998,000 USD
650-546-1030
674-678 Haight St, San Francisco, CA for Sale
$2,998,000 USD
Apartments - FOR SALE
1/20
null | 6.19% Cap Rate

674-678 Haight St
San Francisco, CA 94117
Lower Haight


HIGHLIGHTS

  • Built in 1890, the building encompasses approximately 5,950 gross square feet and sits on a 0.06-acre lot
  • ?Rare opportunity to acquire a scaled, income-producing asset with embedded growth potential in one of the most competitive and resilient multifamily
  • Located in a core San Francisco neighborhood with enduring tenant demand, the property is well-positioned to maintain strong occupancy

OVERVIEW

Located in the vibrant Haight-Ashbury corridor, 678 Haight Street is a well-positioned mixed-use asset comprised of four residential units and one ground-floor commercial space within a 5,655 square foot building originally constructed in 1890. The property features spacious residential units averaging approximately $4,922 in current rents, with upside to market levels of approximately $5,620, along with stable income from the commercial component, providing a balanced and diversified revenue stream. Offered at $2,998,000 ($599,600 per unit / $530 per square foot), the asset operates at an attractive 6% current cap rate with a projected pro forma cap rate of approximately an 8% CAP. With its prime San Francisco location, favorable unit mix, and clear mark-to-market potential, this offering presents investors with a rare opportunity to acquire a high-yield, value-add asset in one of the city's most desirable rental corridors.

FOR SALE DETAILS

PRICE

$2,998,000 USD

PRICE/SF

$539 USD /SF

# OF UNITS

4

PRICE/UNIT

$749,500

CAP RATE

6.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

NC-1, San Francisco

APN/PARCEL ID

0847-018

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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