221 7th Street , San Francisco , CA 94103; Multifamily Properties For Sale; A-5 in San Francisco County
No. Rooms: 22
Building Size: 6,000 SF
Lot Size: 2,247 SF
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
No. Stories: 3
Year Built: 1907
The Gina Hotel is a 22 room residential hotel centrally located in the heart of San Francisco’ s South of Market District (SOMA), on the edge of the rapidly growing Mid-Market (MidMa) District. There are 22 Single Room Occupancy (SRO) licensed rooms, all with kitchenettes, plus a full community kitchen. The community kitchen, which was previously part of the manager’ s unit, has its own full bathroom. There are 2 shared bathrooms per floor, plus one full bathroom that is part of the community kitchen/manager’s unit (5 bathrooms in total). This 6,000 square foot, 22 room residential hotel, is a three story building, with two commercial retail spaces; a hair salon is currently being developed in the street facing unit, plus there are several available office spaces at the rear of the building. There is also ample amount of storage space in the full basement. All major systems have been upgraded within the last ten years, so building is in excellent condition, inside and out.
This is a rare opportunity for an owner/operator to purchase a property in one of the strongest commercial real estate markets in the world and specifically in a neighborhood that has been experiencing rapid growth in rents and real estate values. SOMA is one of the most sought after Sub-Markets within the City of San Francisco, and this class of asset rarely becomes available in this area. The Gina is ideally located within walking distance from major public transportation hubs and surrounded by shopping, restaurants, and a multitude of nightlife options, including art, culture, and an incredibly diverse and vibrant restaurant and bar scene. This area of San Francisco is quickly being transformed in an unprecedented fashion by an influx on new businesses, residents, real estate development, and technology companies. All of this local development has spurred residential and retail improvements as well, an influx of new restaurants/cafes/bars, and noticeable and rapid improvement in the local economy. The Gina offers a reliable cash flow investment in a high barrier to entry market, a market that is currently experiencing unprecedented growth and economic prosperity.