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311 11th Ave

15 Unit Apartment Building $3,800,000 ($253,333/Unit) 7.55% Cap Rate San Francisco, CA 94118

INVESTMENT HIGHLIGHTS

  • Unique Mixed Use investment Opportunity in the heat of the Richmond District
  • Priced to Sell with an in-place Cap Rate of 6.37%
  • Fully Renovated- Ownership put over $1,000,000 of capital into the property.
  • 22% Upside in the Rents

EXECUTIVE SUMMARY

New pricing!
Starboard Commercial, as an exclusive Advisor, is pleased to present a great investment opportunity with great income with future upside. The property features 15 SRO units along with ground floor commercial.
Legal Addresses: 311 11th Ave
Parcel/Block: 1443/001
Zoning: NCD – Inner Clement Commercial District
Height limit: 40X
Building Square Footage per Tax Records: +/- 9,950
Total Lot Square Footage: +/- 5,248
Street frontage: 50 Ft

PROPERTY FACTS

Price $3,800,000
Price Per Unit $253,333
Sale Type Investment
Cap Rate 7.55%
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.12 AC
Building Size 9,950 SF
Average Occupancy 100%
No. Stories 2
Year Built 1910

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 14 - -
1+1 1 - -
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
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
1443-001
Land Assessment
$2,755,986
Improvements Assessment
$1,837,323
Total Assessment
$4,593,309

ZONING

Zoning Code NCD (Inner Clement Neighborhood Commercial)
NCD (Inner Clement Neighborhood Commercial)
  • Listing ID: 31918352

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 311 11th Ave, San Francisco, CA 94118

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