Marcus & Millichap is pleased to present for sale an 11-unit apartment building located at 65 Guerrero Street, or 196 Duboce Ave. per tax record. The San Francisco property is centrally located at the intersection of the city’s most vibrant neighborhoods - Mission Dolores, Hayes Valley, Inner Mission, Duboce Triangle and SoMa.
Mission Dolores Park, Duboce Park and Patricia’s Green are within walking distance. In addition to Whole Foods just blocks away, retail shopping, restaurants, nightlife and services are easily accessible in popular nearby Hayes Valley, Lower Haight and Valencia corridors. This is an ideal location for commuters with excellent transportation access and a Walk Score of 98.
This corner property consists of three studios, one junior one-bedroom, six one-bedrooms and one two-bedroom apartment. Two units will be delivered vacant at the close of escrow and four of the units have been renovated recently.
Recent capital improvements totaling over $600,000 include soft story retrofit, foundation work and unit renovations. The soft story Certificate of Final Completion (CFC) has been issued.
The wood frame property (APN 3502-107) measures 7,050 square feet, has a concrete foundation and sits on a large 4,120 square feet corner lot. There are separate meters for gas and electric and electric wall heaters and double paned windows throughout. The roof is modified bitumen.
65 Guerrero is an excellent property in a vibrant location with significant capital improvements and tremendous rental offered at $316,000 per unit.
