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Listed by Terrence Jones Compass Commercial
$ 1,775,000
Est. payment | /mo
8 Beds
4,242 SqFt
$ 1,775,000
Est. payment | /mo
8 Beds
4,242 SqFt
Open House
Tue Oct 27, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,242 sqft
Price per Sqft $418
MLS Listing ID 426160176
Bedrooms 8
HOA Y/N No
Year Built 1905
Lot Size 3,066 Sqft
Acres 0.0704
Property Sub-Type Triplex
Property Description
971-5 Clayton is a well-located (3) three unit 100% tenant occupied multifamily investment opportunity in San Francisco's Cole Valley neighborhood. There has been no (OMI) owner move in Eviction at the property tenants have returned estopels indicating not protected. Additional income can be achieved by a new owner who imposes several years of available banked rent increases. Constructed in 1910, the building is approximately 3,853 square feet per appraiser and features a mix of large units with two (2) three-bedroom / two-bath units (2x3) and one (1) two-bedroom / two-bath unit (2x2). Upper units have the best views to the West and North. The property has very low expenses at approximately 31% of in place annual income. The property is separately metered for gas and electricity. Heat is provided by electric in unit heaters and each unit has its own gas water heater. The leases in place have tenants paying for electric, gas, and garbage service directly with provisions for water reimbursement. The property is ideally situated in close proximity to UC SF Medical Center (Parnassus), Cole Street Retail Corridor, Golden Gate Park, Haight Ashbury District and much more. The location is well served by the MUNI N line a quick 5 minute walk from the property. 971-5 Clayton offers a compelling opportunity for investors seeking long-term value creation in a popular Cole Valley/Parnassus Heights address.
Location
State CA
County San Francisco
Area Sf District 5
Interior
Fireplace No
Exterior
Utilities Available Separate Meters (See Remarks)
Building
Lot Description None
New Construction No
Others
Tax ID 1279011
