1532 Howard St 15 Unit Apartment Building $4,895,000 ($326,333/Unit) San Francisco, CA 94103

Take advantage of the rare opportunity to acquire this 15-unit multifamily property in San Francisco’s Mission District.

This multifamily property, originally built in 1907 and extensively renovated in 2020, represents a blend of historic significance and modern design in San Francisco. Spanning 8,225 square feet across six stories, the building features a contemporary façade with ample windows, providing abundant natural light to each apartment. All units are designed as one-bedroom residences, offering consistency throughout the property. The updated exterior appeals to tenants interested in modern living within a well-known San Francisco neighborhood. Buyers have the opportunity to lease the remaining units and continue generating income from this established investment.
Situated in the Mission District, 1532 Howard Street benefits from an iconic location. The building is within walking distance of several MUNI and BART stops connecting throughout the city. Highway 101 and Dwight D Eisenhower Highway are close by, creating speedy commutes. The Mission is a vibrant and colorful neighborhood attracting tenants. There are many eateries within walking distance of this property, such as Doppio Coffee & Brunch, Ted’s Market, and Peet’s Coffee. The Mission is home to the 16-acre Mission Dolores Park, attracting residents and allowing for shared outdoor space in this urban environment.

This area presents attractive opportunities for buyers due to its notable demographics. Within 1 mile of the property, there is substantial renter demand, with 78% of residents living in rental accommodations. The average household income in this locality is $121,518, significantly exceeding the national average. Consumer spending is robust, totaling approximately $1.6 billion. Additionally, the area maintains a low vacancy rate, with San Francisco currently leading the nation in annual rent growth.