781 Broadway, Unit 785 San Francisco, CA 94133-4314
- Hotels
- 5,066 SF
- 0.05 lot acres
Current Use by Public Records
- Taishan Cuisine / Cantonese Restaurant / Asian Restaurant
Property Details for 781 Broadway
- Year built
- 1907
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 5,066 SF
- Zone code
- CCB
- Property type
- Hotels
- APN
- 0160 -018
- APU
- 160018
Description
This exceptional 55-unit mixed-use property, located at 781 Broadway/1362 Powell Street in San Francisco's vibrant Chinatown/Telegraph Hill district, presents a compelling investment opportunity. The 16,391 square foot building, situated on a 5,961 square foot lot (APN: 0160-017, 0160-018), boasts a prime corner location at the busy intersection of Broadway and Powell Streets, benefiting from significant vehicular and pedestrian traffic. The property comprises four ground-floor retail units and fifty-one single-room occupancy (SRO) units. Recently renovated bathrooms and showers enhance the appeal of the well-maintained residential units and shared amenities. Built in 1907, this asset offers a current NOI of $413,017 and a pro-forma NOI of $626,522, translating to a current cap rate of 7.94% and a pro-forma cap rate of 12.05%. The asking price is $5,200,000, representing a price per square foot of $317.25 and a price per unit of $94,545.45. Its strategic location at the edge of Telegraph Hill, North Beach, and Chinatown ensures a diverse clientele for its retail spaces and provides residents with easy access to San Francisco's renowned dining, shopping, and entertainment options. The property's strong location, updated units, and potential for rental increases make it an attractive investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $300,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $258,000
Market price range: $131k - $369k
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.41
- Latitude
- 37.7973
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA