815 O'Farrell St - Apartments FOR SALE


San Francisco, CA 94109- Civic Center
$6,750,000 USD
415-516-9843
815 O'Farrell St, San Francisco, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/19
null | 8.14% Cap Rate

815 O'Farrell St
San Francisco, CA 94109
Civic Center


OVERVIEW

815 O'Farrell Street is a 44-unit mixed-use building. This prominent asset sits at the corner of O'Farrell and Larkin at the edge of San Francisco's Tenderloin neighborhood near Van Ness Avenue and Nob Hill. The property consists of 42 apartments (40 studios, a 1bd and a 2bd), and two large retail spaces with a large basement. Through the front doors, you enter into a spacious lobby with hardwood floors, high ceilings, and period details. Many of the apartments have been remodeled in the recent past. The building is fully detached on three sides, providing ample natural light to all levels of the building. The main electrical has been upgraded and indicates 600 amps of service. Heat is supplied through individual wall heaters, helping to keep operating expenses lower. This is a unique opportunity for an investor to reposition this corner retail and contribute to the ongoing revitalization in San Francisco. As the City and rental market continue to improve, the new owner will capitalize upon this purchase at a low basis with immediate cash flow.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

42

PRICE/UNIT

$160,714

CAP RATE

8.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

815 O'Farrell

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,101 SF

ZONING

RC4, San Francisco

APN/PARCEL ID

0717-001

ASK ABOUT THIS PROPERTY

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415-516-9843

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415-516-9843

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