135-139 8th Street, San Francisco, CA 94103
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