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Listed by Clinton C Textor Marcus & Millichap
$ 3,750,000
Est. payment /mo
Price Dropped by $245K
555 2nd ST San Francisco, CA 94107
6 Beds
3 Baths
4,600 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $815
MLS Listing ID 426155197
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1914
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Mixed Use
Property Description
Price Reduced by $145,000. Is there a better location when it comes to everything AI...? 555 2nd Street presents a compelling opportunity to acquire a high-yielding, 6.7 cap rate mixed-use asset in South Park. This is a 5.2% cash-on cash investment opportunity with considerable upside in the rents. Beautifully maintained building with excellent cashflow. The ground floor is anchored by Movida Restaurant and Tequila Lounge that has been operating at the site for over 3 years. Upstairs are two three bedroom apartments that have been recently upgraded and feature hardwood floors, in unit laundry and stainless steel appliances. Supported by long-term commercial lease below and high demand renovated residential units above, it offers durable income today with clear upside tomorrow.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Building
Lot Description Sidewalk
Level or Stories Three Or More
New Construction No
Others
Tax ID 3774045
