2445-2449 Harrison St
6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.12% Cap Rate San Francisco, CA 94110
INVESTMENT HIGHLIGHTS
- Probate Sale without Court Confirmation
- Current 9.31 GRM | 5.69 Market GRM
- Current 6.12% Cap Rate | 12.65% Market Cap
- Significant Value Add Investment w/ADU Potential
EXECUTIVE SUMMARY
PROBATE SALE with No Court Confirmation Required
Fantastic 6-Unit Investment Opportunity in the heart of San Francisco's Inner Mission. This property consists of 3 bedroom/1 bath full-floor units with a gross total of 6,465 Square Feet, built-in 1907. All units are occupied with significant upside rents. The top floor units have decks with partial eastern views. Each unit is individually metered for PG&E with separate water heaters, with heat supplied by gas wall furnace units. There is a full basement that may have ADU potential.
Fantastic 6-Unit Investment Opportunity in the heart of San Francisco's Inner Mission. This property consists of 3 bedroom/1 bath full-floor units with a gross total of 6,465 Square Feet, built-in 1907. All units are occupied with significant upside rents. The top floor units have decks with partial eastern views. Each unit is individually metered for PG&E with separate water heaters, with heat supplied by gas wall furnace units. There is a full basement that may have ADU potential.
PROPERTY FACTS Under Contract
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Gross Rent Multiplier | 9.31 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,465 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
UNIT AMENITIES
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
- Deck
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | $2,160 | - |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,027,204 | |
| Land Assessment | $492,589 | Total Assessment | $1,519,793 |
ZONING
| Zoning Code | Urban Mixed Use (UMU) |
