2301-2309 Webster St San Francisco, CA 94115
- Mixed-use properties
- 4,880 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 2301-2309 Webster St
- Property size
- 4,880 SF
- Property type
- Mixed-use properties
- Property subtype
- High-rise multifamily apartments
Description
This exceptional mixed-use property, located at 2301-2309 Webster Street and 2400 Washington Street in San Francisco's desirable Pacific Heights neighborhood, presents a compelling investment opportunity. The 4,880 square foot building sits on a 2,539 square foot lot (APN 0605-008) and boasts six units: two ground-floor commercial spaces and four residential units. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $181,640, representing a 4.54% capitalization rate. A pro-forma analysis projects a NOI of $201,400 and a 5.04% capitalization rate, indicating significant upside potential. The residential units are primarily month-to-month tenancies, with half currently below market rate, offering further rental growth opportunities. Both commercial tenants have remaining lease terms with options. Recent improvements include a new roof and ADA-compliant entryways, ensuring compliance with current city regulations. This property is an excellent investment opportunity, particularly suitable for a 1031 exchange. The asking price is $4,000,000, translating to a price per square foot of $819.67. This downtown corner building offers a strong cash flow and significant potential for appreciation in a highly sought-after San Francisco location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.433
- Latitude
- 37.792
