North Beach 3 Unit Vacant 2 Buildings | 2125 Mason St
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North Beach 3 Unit Vacant 2 Buildings 2125 Mason St
3 Unit Apartment Building $2,188,000 ($729,333/Unit) 7.15% Cap Rate San Francisco, CA 94133
Investment Highlights
- Potential for conversions.
Executive Summary
New Price !Welcome to 2125 Mason St and 6-8 Newell st. Vacant 3 Unit consist of TWO Buildings on one single lot. With a Projected yearly income of $190,000. Located in the Heart of San Francisco historic North Beach. What sets this apart is its unique composition: It includes a Single Family Home and a Two unit building, separated by a courtyard. Savvy investors could get split the property into two separate buildings with a separate Tax ID.One two unit building that can now be converted to Condos and a separate SFR. ( Please check with City) All units Vacant.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$189,600
|
$58.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,600
|
$58.85
|
| Taxes |
$28,106
|
$8.72
|
| Operating Expenses |
$5,000
|
$1.55
|
| Total Expenses |
$33,106
|
$10.27
|
| Net Operating Income |
$156,494
|
$48.57
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $189,600 |
| Annual Per SF | $58.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $189,600 |
| Annual Per SF | $58.85 |
| Taxes | |
|---|---|
| Annual | $28,106 |
| Annual Per SF | $8.72 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.55 |
| Total Expenses | |
|---|---|
| Annual | $33,106 |
| Annual Per SF | $10.27 |
| Net Operating Income | |
|---|---|
| Annual | $156,494 |
| Annual Per SF | $48.57 |
Property Facts
| Price | $2,188,000 | Building Class | C |
| Price Per Unit | $729,333 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,222 SF |
| Cap Rate | 7.15% | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1906/2023 |
| Property Type | Multifamily | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,188,000 |
| Price Per Unit | $729,333 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,222 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1906/2023 |
| Parking Ratio | 0.31/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,800 | - |
| 3+1 | 1 | $5,000 | - |
| 3+1.5 | 1 | $6,000 | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Very Bikeable (74)
zoning
| Zoning Code | RM2 (Residential, Mixed) |
| RM2 (Residential, Mixed) |
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Presented by
Wilson Chiang, Broker
North Beach 3 Unit Vacant 2 Buildings | 2125 Mason St
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