1350 Stockton St San Francisco, CA 94133

Property Details for 1350 Stockton St

Year built

1907

Property size

26,261 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional 26,261 square foot mixed-use property, located at 1350 Stockton Street in San Francisco's vibrant North Beach district (APN 9453), presents a compelling investment opportunity. The building, constructed in 1907 and zoned NCD, boasts 105 units: ninety-nine single-room occupancy (SRO) units and six ground-floor retail spaces. The asking price is $13,500,000, representing a price per square foot of $514.07 and a price per unit of $128,571.43. The property enjoys a current NOI of $971,095, translating to a 7.19% cap rate. Pro-forma projections indicate a NOI of $1,224,169 and a 9.07% cap rate. The residential units and common areas are well-maintained, with select SRO units featuring recent upgrades including new flooring, paint, vanities, and fixtures. Shared bathroom and kitchen facilities are superior to comparable properties. The retail spaces benefit from high foot traffic and excellent visibility at a busy, signalized intersection. The property's prime location offers residents convenient access to diverse dining, shopping (including a nearby Walgreens), and other amenities. This strong in-place income, particularly from the retail tenants, combined with the exceptional location, makes this a highly attractive investment.