805-807 Linden Ave & Hickory Pl South San Francisco, CA 94080
- Apartment buildings
- 3,812 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 805-807 Linden Ave & Hickory Pl
- Year built
- 1979
- Lot size
- 0.12 lot acres
- Property size
- 3,812 SF
- Property type
- Apartment buildings
Description
This exceptional 5-unit mixed-use apartment complex presents a compelling investment opportunity in the heart of downtown South San Francisco. Boasting 3,812 square feet on a 0.12-acre lot, this property offers a diverse unit mix including two 2-bedroom/1-bathroom units (one a freestanding building), one 1-bedroom/1-bathroom unit, one studio, and one retail unit. All units are separately metered, providing efficient utility management. Built in 1979, the property is centrally located, offering convenient access to downtown South San Francisco and downtown San Francisco (within 15 minutes). Its prime location provides easy access to major transportation arteries, including Caltrain, BART, US 101, El Camino Real (SR-82), I-380, I-280, and San Francisco International Airport (SFO). The property benefits from its proximity to numerous prominent companies, including Genentech, YouTube, Salesforce, Visa, and Oracle, further enhancing its investment potential. Below-market rents present a significant opportunity for long-term rental upside and value appreciation. The asking price is $2,250,000, representing a price per unit of $450,000 and a price per square foot of $590. The property's cap rate is 4.22%. The APN is 012-141-150. This is a rare opportunity to acquire a well-situated multifamily property with significant upside potential in a thriving market. Cross street: Aspen Ave.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.409
- Latitude
- 37.6603
