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Investment Highlights

  • Unique Mixed Use investment Opportunity in the heat of the Richmond District
  • Priced to Sell with an in-place Cap Rate of 6.37%
  • Fully Renovated- Ownership put over $1,000,000 of capital into the property.
  • 22% Upside in the Rents

Executive Summary

New pricing!
Starboard Commercial, as an exclusive Advisor, is pleased to present a great investment opportunity with great income with future upside. The property features 15 SRO units along with ground floor commercial.
Legal Addresses: 311 11th Ave
Parcel/Block: 1443/001
Zoning: NCD – Inner Clement Commercial District
Height limit: 40X
Building Square Footage per Tax Records: +/- 9,950
Total Lot Square Footage: +/- 5,248
Street frontage: 50 Ft

Property Facts

Price $3,500,000
Price Per Unit $233,333
Sale Type Investment
Cap Rate 8.33%
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.12 AC
Building Size 9,950 SF
Average Occupancy 100%
No. Stories 2
Year Built 1910
Zoning NCD - Inner Clement Neighborhood Commercial

Amenities

Site Amenities

  • Smoke Free
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 14 - -
1+1 1 - -
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
1443-001
Land Assessment
$2,867,327
Improvements Assessment
$1,911,550
Total Assessment
$4,778,877
  • Listing ID: 31918352

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 311 11th Ave, San Francisco, CA 94118

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