$2,025,000
$2,450,000
17.3%For more information regarding the value of a property, please contact us for a free consultation.
9,420 SqFt
SOLD DATE : 02/12/2025
Key Details
Sold Price $2,025,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,420 sqft
Price per Sqft $214
MLS Listing ID 424050627
Sold Date 02/12/25
HOA Y/N No
Year Built 1925
Lot Size 4,120 Sqft
Acres 0.0946
Property Sub-Type Mixed Use
Property Description
225 Jones St is a 20-Unit mixed-use Multifamily building located in the Tenderloin. It is an excellent renovation opportunity with substantial upside for investors who are motivated. It consists of 16 large studio apartments, ranging in size from +/- 350-400 square feet each. 14 of the studios are currently vacant. On the ground level, there are 4 commercial spaces, two of which are occupied by a city favorite, Yemen Kitchen and the other, by the popular Hung Phat Bakery, both are on month-to-month basis. The building is located just around the corner from the Tenderloin Police Station. There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Our firm has recently placed 5 commercial Tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.
Location
State CA
County San Francisco
Area Sf District 8
Zoning RC4
Interior
Fireplace No
Building
Lot Description Other
Story 3
Foundation Concrete
Level or Stories Three Or More
New Construction Yes
Others
Tax ID 0338002
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