655 Ellis StSan Francisco, CA 94109

Property Details for 655 Ellis St

Year built

1969

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

50,099 SF

Zone code

RC4

Property type

Hospitality properties

Property subtype

Motels

APN

0335 -027

APU

335027

Description

This exceptional 96-key hotel in San Francisco, CA, presents a compelling investment opportunity. Located at 655 Ellis St, in the heart of the city (zip code 94109), this eight-story, 50,099 square foot property boasts a strong 80% occupancy rate and a substantial net operating income (NOI) of $2,177,184, yielding an attractive 8.12% cap rate. Built in 1969, the hotel sits on a 0.52-acre lot and is currently offered at $24,000,000 ($479.05/sq ft). The property features a range of amenities including a fitness center, on-site restaurant, conference rooms, rooftop deck, and lounge. The hotel offers stunning city views and 85 parking spaces for guests and staff. Currently vacant, this property presents significant upside potential for a new owner. Its central location provides excellent access to public transportation and city services, making it ideally suited for repositioning as a thriving hospitality business, or conversion to student or government-assisted housing. The existing restaurant and parking lot also offer potential for further development. This is a rare chance to acquire a well-situated asset in a consistently high-performing hospitality market.

• CAP approach

  CAP return

  Valuation

  6%

  $15,255,925

  6.5%

  $14,082,392

  7%

  $13,076,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,410,042

  Geo Method

  $32,836,814

• Alternative Use

  Use

  Valuation

  Residential

  $15,373,881

  Hospitality

  $14,082,392

  Educational

  $11,716,385

  Medical

  $12,119,329

  Retail

  $18,225,488

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.784

Longitude

-122.417

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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