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1035 Van Ness Ave - The Avenue

90,513 SF Health Care Building Offered For Sale in San Francisco, CA 94109

Investment Highlights

  • Impeccably maintained assisted living facility primed for transformation into affordable or student housing.
  • Offering 106 units boasting private bathrooms and kitchenettes, with plans in place to partition larger units for a potential total of 124 units.
  • Ample on-site parking secured for up to 32 vehicles along with a dedicated transportation shuttle service.
  • A rare chance to penetrate a market and industry with formidable entry barriers and expansive growth prospects.
  • Noteworthy Building Features: Fifth-floor balcony, an outdoor garden patio, a fully equipped commercial kitchen and spacious dining areas.
  • Strategically positioned in a transit-friendly locale with multiple MUNI stops facilitating public transportation access throughout San Francisco.

Executive Summary

Avison Young and Bridge Real Estate Advisors are pleased to offer qualified investors the opportunity to acquire an established senior assisted living facility located on San Francisco’s burgeoning and revitalized Van Ness corridor. The $350 million 8-year Van Ness Improvement Project brings a much-needed overhaul to one of the city’s most-trafficked thoroughfares. In addition to providing new utility infrastructure, civic improvements and safer pedestrian transit stops, the project also boasts the city’s first rapid-transit system, making this an ideal location for commuters.
Neighboring Sutter Health’s $2.5 billion state-of-the-art hospital in conjunction with the new 496,000 square foot medical office facility at 1100 Van Ness Avenue have furthered the area’s transformation into San Francisco’s preeminent healthcare hub. Both projects have attracted numerous healthcare providers and hundreds of employees to the neighborhood, helping the local business community grow and prosper.
San Francisco’s supply constrained geography and prohibitive construction costs coupled with an aging population demographic presents a rare opportunity to enter a market and industry with high barriers to entry and tremendous growth potential.

Data Room Click Here to Access

Property Facts

Sale Type Investment or Owner User
Sale Conditions High Vacancy Property
Property Type Health Care
Property Subtype Assisted Living
Building Class B
Lot Size 0.28 AC
Building Size 90,513 SF
No. Beds 145
No. Stories 9
Year Built 2004
Parking Ratio 0.35/1,000 SF

Room Mix Information

Description No. Beds
- 0
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0714-028
Land Assessment
$2,875,377
Improvements Assessment
$18,790,582
Total Assessment
$21,665,959

zoning

Zoning Code RC-4 (Residential District)
RC-4 (Residential District)
  • Listing ID: 32086473

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 1035 Van Ness Ave, San Francisco, CA 94109

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