765 Ofarrell ST, San Francisco, CA 94109
Listed by Alina Siert • KW Advisors, DRE#01893238
$7,295,000
Est. payment /mo
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16,768 SqFt
Open Fri 2PM-4PM

765 Ofarrell ST San Francisco, CA 94109

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

Open House

Fri Oct 09, 2:00pm - 4:00pm

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 16,768 sqft

Price per Sqft $435

MLS Listing ID ML82063777

Year Built 1924

Lot Size 6,621 Sqft

Property Sub-Type Five or More Units

Property Description

33 apartments in a four-story elevator building in the Tenderloin, built in 1924: 24 junior one-bedrooms, 7 studios and 2 two-bedrooms in about 16,768 SF on a 6,614 SF lot. About 80% of units have been renovated, and the building sits on a new concrete perimeter foundation. Units offer hardwood floors, tiled kitchens and baths, walk-in closets and, in most, bay windows. Lobby with stone floors, courtyard, laundry room, storage and a double garage that brings in parking income. Gas and electric are separately metered, keeping owner utility costs down. Market rents run about 33% above in-place rents. Walk to Union Square, Civic Center, Van Ness and Mid-Market employers, with Muni and BART close by. 6.62% current cap; 9.04% pro forma cap at market rents. 100% occupied per the rent roll.

Location

State CA

County San Francisco

Area 8 - Tenderloin

Zoning RC4

Interior

Heating Other

Cooling Other

Exterior

Parking Features Other

Garage Spaces 4.0

Utilities Available Other

Roof Type Other

Building

Foundation Other

Sewer Other

Water Other

Others

Restrictions Other

Tax ID 0321-032

Security Features Other

Special Listing Condition Not Applicable


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The Ruiz Group Real Estate

The Ruiz Group Real Estate

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765 Ofarrell ST