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311 11th Ave 15 Unit Apartment Building $3,500,000 ($233,333/Unit) 8.33% Cap Rate San Francisco, CA 94118
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
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 | Apartment Style | Mid-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.33% | Building Size | 9,950 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | NCD - Inner Clement Neighborhood Commercial | ||
| 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 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 1443-001 | Improvements Assessment | $1,911,550 |
| Land Assessment | $2,867,327 | Total Assessment | $4,778,877 |
Property Taxes
Parcel Number
1443-001
Land Assessment
$2,867,327
Improvements Assessment
$1,911,550
Total Assessment
$4,778,877
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311 11th Ave
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