Mission Mixed Use Investment

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 4,600,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 14,744
Date Available 01/23/2019
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3043-3077 24th Street is located on the southeast corner of 24th and Treat streets, in the heart of the Inner Mission.
The Mission is located in east-central San Francisco. To the East, the border is defined by the US-101, which separates it from Potrero Hill. To the West, the landscape gets greener as you hit one of the most popular parks in San Francisco, Dolores Park, which sets a divider between The Mission and Eureka Valley. In many ways, the stretch of Mission Street from 16th and to 26th Street can be considered the heart and soul of the Inner Mission with its diverse collection of restaurants, bars, shops.
The area has seen an explosion of restaurants, bars, and hip retail stores, the evolution has brought about many positive changes.

Corner Mixed Use building on 24th Street consisting of 10 apartments with private entrances and 5 street level commercial Storefronts.

Bank apartment rents dated back to 1998 and MM commercial leases significantly below market provides the potential to increase the current income by 45% of current GSI.

The apartments have 2 bedrooms with 1 bath (shower over tubs), wall furnaces, gas stoves and individual hot water heaters. The commercial stores are currently divided into 4 businesses with the corner occupying 2 addresses.