269-285 Sanchez St San Francisco, CA 94114
- Apartment buildings
- 8,120 SF
Current Use by Public Records
- Apartment buildings
Property Details for 269-285 Sanchez St
- Year built
- 1890
- Property size
- 8,120 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 10-unit apartment building in San Francisco's coveted Castro District. The property, situated on two adjacent lots totaling 7,875 square feet, comprises two elegant Italianate-style buildings constructed in 1890. Boasting 8,120 square feet of space, the building features a mix of six two-bedroom, two one-bedroom, and two studio units, with three garage spaces. Six units are currently vacant, presenting a significant value-add opportunity for renovation and rent optimization. The property benefits from a low expense structure, with tenants responsible for utilities such as hot water, heat, and garbage. Occupied units exhibit banked rents, offering immediate income potential. The ground floor includes garage parking and storage, with additional undeveloped space and a large landscaped rear yard featuring a fire pit. The property's prime location, blocks from the heart of the Castro and Mission districts, ensures high occupancy rates and strong rental demand. With a 5.80% cap rate and a Net Operating Income (NOI) of $257,941, this property offers a compelling return on investment. The asking price is $4,450,000, or $445,000 per unit. The permitted zoning is RTO. The property's APN is 3558-024 & 3558-025. This is a rare chance to acquire a historic San Francisco multifamily property with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.431
- Latitude
- 37.7648
