Multifamiliare A San Francisco

25 apartments plus 3 ground-floor commercial spaces in a five-story elevator building in the Tenderloin, built in 1907: 15 one-bedrooms, 8 studios and 2 two-bedrooms in about 19,780 SF on a 4,624 SF lot. About 80% of units have been renovated, with wood floors. The concrete masonry building was seismically upgraded in 2014 and the main roof was redone in 2020. Secured entry and lobby, and an elevator from the basement to the top floor. Gas and electric are separately metered. The commercial space brings in $4,500/mo, and architectural plans have been drawn for 3 potential ADUs. Market rents run about 52% above in-place apartment rents. Near Turk and Hyde, a block from UC Law San Francisco and a short walk to Civic Center, City Hall, Van Ness and Union Square, with BART and Muni close by. 6.57% current cap; 9.44% pro forma cap at market rents. All apartments occupied per the rent roll.