655 Ellis St, San Francisco, CA 94109-8027
- Motels
- 50,099 SF
- 0.52 lot acres
Current Use by Public Records
- Hotel Le Steinzel / Hostel
- Zipcar / Car Rental Facility
- Express Parking / Parking Lot & Garage
- Cova Hotel / Hotel & Motel
- Getaround / Car Rental Facility
Property Details for 655 Ellis St
- Year built
- 1969
- Construction
- STEEL FRAME
- Lot size
- 0.52 lot acres
- Zone code
- RC4
- Property type
- Motels
- APN
- 0335 -027
- APU
- 335027
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 18, 2022 | — | Shin International INC | — | Deed · related | $2M · United States Small Business Admin |
| Oct 18, 2017 | — | Shin International INC | — | Deed · related | $1M · First Nat'l Bk/nthrn Ca |
| — | — | Shin International INC | — | Deed Of Trust · related | $5.3M · East West Bank |
| — | — | Shin International INC | — | Deed Of Trust · related | $3.2M · Bank Of The Orient |
| — | — | Shin International INC | — | Deed Of Trust · related | $5.5M · First Nat'l Bk/nthrn Ca |
| — | — | Shin International INC | — | Deed Of Trust · related | $1M · First Nat'l Bk/nthrn Ca |
| — | — | Hua Yu INC | — | Deed Of Trust · related | $1.2M · Nanyang Commercial Bank Ltd |
| — | — | Shin International INC | — | Deed Of Trust · related | $592k · Oceanic Bank |
| — | — | Shin International INC | — | Loan Modification · related | $1M · First Nat'l Bk/nthrn Ca |
| — | — | Hua Yu | — | Deed Of Trust · related | $1.9M · Nanyang Commercial Bank Ltd |
| — | — | Shin Internation | — | Deed Of Trust · related | — |
| — | — | Shin International INC | — | Deed Of Trust · related | $2.3M · Bank Of The Orient |
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,245,000
- 6.5%
- $5,765,000
- 7%
- $5,355,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.417
- Latitude
- 37.784
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
