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Listed by Cris Lamas Urban Capital SF
$ 3,095,000
Est. payment | /mo
13 Beds
4,740 SqFt
$ 3,095,000
Est. payment | /mo
13 Beds
4,740 SqFt
Open House
Thu Sep 10, 12:00pm - 1:00pm
Tue Sep 15, 9:00am - 11:00am
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,740 sqft
Price per Sqft $652
MLS Listing ID 426160726
Bedrooms 13
HOA Y/N No
Year Built 1928
Lot Size 1,724 Sqft
Acres 0.0396
Property Sub-Type Multi Family
Property Description
10 Brooklyn Place is a fully occupied nine-unit apartment building situated on a quiet residential lane at the intersection of Nob Hill and Chinatown. The 4,740-square-foot, four-story property contains five 1BR/1BA apartments, two 2BR/1BA apartments, one studio and a renovated two-level 4BR/2BA residence leased for $9,000 per month. Offered at $3,095,000, the property provides immediate income and an attractive current return, with net operating income of $201,164, a 6.50% cap rate and a 9.75 GRM. The offering also represents a compelling entry basis of approximately $343,889 per unit and $653 per square foot. Built in 1928 of concrete construction on a concrete foundation, the professionally managed building features 400-amp electrical service, a new sewer lateral, a modified-bitumen roof replaced in 2025, shared coin-operated laundry and an established RUBS program. Current apartment rents total $24,723 per month, with approximately 22% upside at market and an 8.42% pro forma cap rate. Near Grant Avenue, Union Square, the Financial District and North Beach, 10 Brooklyn Place offers investors a rare combination of current yield, income growth and a compelling per-unit basis in one of San Francisco's most walkable and transit-connected locations.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description None
New Construction Yes
Others
Tax ID 0242023
