Sale Details

Sale Status:    Sold
Sale Date:    01/29/2016
Sale Price:    $3,495,000 ($499,285.71/Unit)
Cap Rate:    5.45% (At Time Of Listing)
Listing Price:    $3,495,000

Property Information

Property Type:    Multifamily
Property Subtype:    Mid/High-Rise
No. Units    7
Building Size:    5,720 SF
Lot Size:    1,428.00 Acres

Property Description

NOW FULLY LEASED!! The building is made up of six residential units and one ground floor commercial space. The residential units consists of five large 1 bedroom, 1 bath apartments currently leased for $2,070 to $2,675 and one 2 bedroom, 1 bath apartment leased for $2,084. The commercial space is leased for $8,000 per month a term of 5 years with one 5 year option and a 3% annual increase. The commercial space has a total of 2,507 sq.ft. (1,258 sq.ft on main level and 1,249 in the lower level, with an additional 767 sq.ft. of storage space.

Parties to Transaction

Seller:     BLATT MICHAEL M
Broker:     Frank Nolan
2501 Mission Street, San Francisco, CA 94110
View Phone Number
Buyer:     LOUIE, DAVID
135 8Th St, San Francisco, CA 94103