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12-Unit Edwardian Mission District 1200 Treat Ave 12 Unit Apartment Building $4,698,000 ($391,500/Unit) 6.28% Cap Rate San Francisco, CA 94110
Investment Highlights
- Prime location for renters - Close enough to Downtown without the notorious traffic congestion
- 41% upside in market rent increases
- Steps from the bustling Mission District, featuring some of the hottest restaurants and galleries in the city
- $1.1M+ spent on renovation in the last several years
- High-growth neighborhood - One of the fastest-rising areas in San Francisco
Executive Summary
Touchstone Commercial Partners is pleased to present a 12-unit building in Edwardian architecture in the Mission District, one of the fastest-rising areas in San Francisco. This is a prime location for renters. The property is centrally located with nearby access to I-280 and 101 Freeways, close enough to downtown San Francisco, and has a top-notch Walking Score of 99. The BART station is just a 6-minute walk from the property.
The building is meticulously renovated with over $1.1 Million spent on renovation over the last several years, including 3 added 2 BR / 1 BA units. The units and foyer have beautiful stained glass windows. Investors will also enjoy the potential 50%+ upside in market rent increases, yielding a pro-forma cap rate of 9.84%.
The property is near the Epicenter of Cultural Delights featuring some of the hottest restaurants and galleries in the city. This high-growth neighborhood has a population of 73,103 within 1 mile, 525,740+ within 3 miles. This is an enduring asset with extraordinary demand in a reasonably priced rental neighborhood.
The building is meticulously renovated with over $1.1 Million spent on renovation over the last several years, including 3 added 2 BR / 1 BA units. The units and foyer have beautiful stained glass windows. Investors will also enjoy the potential 50%+ upside in market rent increases, yielding a pro-forma cap rate of 9.84%.
The property is near the Epicenter of Cultural Delights featuring some of the hottest restaurants and galleries in the city. This high-growth neighborhood has a population of 73,103 within 1 mile, 525,740+ within 3 miles. This is an enduring asset with extraordinary demand in a reasonably priced rental neighborhood.
Property Facts
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Vintage Building
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 396 - 500 |
| 2+1 | 5 | - | 822 - 932 |
| 2+2 | 1 | - | 900 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 6524-001 | Improvements Assessment | $1,432,630 |
| Land Assessment | $3,342,805 | Total Assessment | $4,775,435 |
Property Taxes
Parcel Number
6524-001
Land Assessment
$3,342,805
Improvements Assessment
$1,432,630
Total Assessment
$4,775,435
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Contact the Sale Advisor
12-Unit Edwardian Mission District | 1200 Treat Ave