bedrooms Pending
bedrooms
bedrooms
25
bathrooms
bathrooms
0
square feet
square feet
14,291
acreage
Acreage
0.0881
open houses
Open Houses
-
year built
year built
1908
full baths
Full Baths
0
half baths
Half Baths
0
1653 Grant Avenue is 16 unit corner building in San Francisco's storied Telegraph Hill neighborhood. This prime location is situated on a quiet corner of Telegraph Hill, but is mere blocks away from all the best North Beach has to offer. The property is a mix of 10 two-bedroom and 5 one-bedroom apts. Eight of the two-bedrooms on Greenwich Street are Romeo-style units with rear porches. The sixteenth unit is the corner commercial space, . Several of the units have Golden Gate Bridge and Bay Views. The building is detached on all sides, so most units receive great natural light. Rarely will you find a more efficient property with regard to operating expenses as there are separate meters for water, gas, and electricity, each unit has a separate water heater, and tenants pay a pro-rata share of the garbage bill. This asset has experienced a healthy amount of turnover, which should allow for a new owner to keep pace with market rents. The soft story retrofit was completed in 2021. The building is compliant with the Sleep Alarm' ordinance. This is a turn-key asset in one of San Francisco's most desirable locations. Priced to sell at an 11.3 GRM and 6.2% Cap Rate
Location
Subdivision -
County San Francisco
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 424014027
Listing agent: Adam D Filly #DRE #01354775
Listing broker: Compass Commercial (415) 345-3000
Last update: Monday, September 2 2024 at 10:46 a.m. EDT
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