765 Ofarrell ST, San Francisco, CA 94109

$7,295,000
16,768
SqFt

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Listed by Alina Siert, 408-712-7692 from KW Advisors
(If provided) CoList: from

List Price
$7,295,000
MLS#
ML82063777
Status
ACTIVE
Sqft. of Residence
16,768
Lot Size
6,621
Listing Area
8 - Tenderloin
Year Built
1924

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.

Additional Information

Cooling System
Other
Foundation
Other
Garage Parking
Other
Heating System
Other
Living Area
16,768
Lot Size
6,621
Neighborhood
8 - Tenderloin
Other Utilities
Other
Roof
Other
Sewer
Other
Unincorporated Yn
Yes
Zoning
RC4

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