677 Ellis St - Apartments FOR SALE


San Francisco, CA 94109- Civic Center
$2,475,000 USD
650-546-1030
677 Ellis St, San Francisco, CA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/43
null | 6.82% Cap Rate

677 Ellis St
San Francisco, CA 94109
Civic Center


HIGHLIGHTS

  • 14-unit studio property located in a dense, transit-oriented San Francisco neighborhood with long-term rental demand.
  • Offered at ~$176K per unit with a 6.82% current cap rate and a projected 10.14% pro forma cap.
  • In-place rents average ~26% below market, creating a clear path to increased income through lease-up and rent repositioning.

OVERVIEW

677 Ellis Street presents a rare opportunity to acquire a fully renovated, turnkey 14-unit apartment building in the heart of San Francisco. Comprised of fourteen studio residences, the property offers investors an attractive 6.82% current CAP rate with stable in-place income and minimal deferred maintenance. Recent capital improvements include brand-new electrical throughout the building, while the units have been extensively renovated with high-end designer finishes, creating a modern living experience that appeals to today's urban renter. This is an ideal opportunity to own a quality, low-maintenance asset in one of San Francisco's most supply-constrained rental markets at only $176,000 per unit!

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

14

PRICE/UNIT

$176,786

CAP RATE

6.82%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

RC4, San Francisco

APN/PARCEL ID

0335-018

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.