1731 15th Street , San Francisco , CA 94103; Multifamily Properties For Sale; A-5 in San Francisco County
1731 15th Street , San Francisco , CA 94103; Multifamily Properties For Sale; A-5 in San Francisco County
| Price |
$12,000,000
|
| No. Units |
50
|
| Building Size |
19,500 SF
|
| Lot Size |
6,250 SF
|
| Price/Unit |
$240,000 /Unit
|
| Property Type |
Multifamily
|
| Property Sub-type |
Mid/High-Rise
|
| Property Use Type |
Investment
|
| Commission Split |
1%
|
| Cap Rate |
3.40%
|
| Gross Rent Multiplier |
18
|
| Occupancy |
100%
|
| Tax ID/APN |
3555-056
|
| Status |
Active
|
Property Description
This 3-story, state of the art, 19,500 sq. ft. renovation project (completed 2013), located at 1731 15th St, serves as a very rare 50 room student apartment complex located near the Mission Dolores section of San Francisco. The building has been completely renovated to reduce its energy usage and carbon footprint. By utilizing solar hot water, solar space heating, and solar electricity, the building exceeds California’ s energy efficiency building standards under Title 24. 100% leased to EC San Francisco Language School and American College of Traditional Chinese Medicine. Substantial rent increases in place every year. Huge upside when rents go to market after year 5.
Location Description
In the very heart of San Francisco’s vibrant Mission District one block from all major bus lines and a BART station.