Source:
San Francisco Association of REALTORS MLS
MLS#426173412
À propos de la propriété
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3425 19th Street offers an opportunity to acquire a fully occupied 22-unit multifamily property in San Francisco’s vibrant Mission District. Built in 1908, the property consists of approximately 8,196 square feet on a 3,184- square-foot lot and features a mix of 16 studios, five one-bedroom units, and one ground-floor commercial space. Zoned NC-3, the property offers a combination of residential a
3425 19th Street offers an opportunity to acquire a fully occupied 22-unit multifamily property in San Francisco’s vibrant Mission District. Built in 1908, the property consists of approximately 8,196 square feet on a 3,184- square-foot lot and features a mix of 16 studios, five one-bedroom units, and one ground-floor commercial space. Zoned NC-3, the property offers a combination of residential and commercial income in one of San Francisco’s most established neighborhoods. Offered at $4,995,000, the property is priced at approximately $227,045 per unit and $609 per square foot. The building generates approximately $291,252 in annual Net Operating Income, representing a 5.83% in-place capitalization rate. With 100% occupancy, the property provides investors with a stable income stream from day one. Beyond its existing cash flow, the property offers additional rental upside, with current rents approximately 17% below market. In-place rents total $39,649 per month, compared to estimated market rents of $47,900 per month, presenting an opportunity to increase income as units turn over. At market rents, the property is projected to generate $382,493 in annual Net Operating Income, reflecting a 7.66% pro forma cap rate. Situated in the heart of the Mission District, 3425 19th Street benefits from its proximity to popular restaurants, shops, neighborhood amenities, and public transportation. The area’s lively atmosphere and convenient access to employment centers continue to make it a desirable location for renters. With strong in-place income, a diverse unit mix, and meaningful rental upside, the property presents an attractive investment opportunity in one of San Francisco’s most active rental markets.