The subject property located at 620 Eddy Street is a 35-unit concrete building built on a concrete foundation. Constructed in 1910 the structure is approximately 16,363 square feet and occupies a mid-block lot between Polk Street & Larkin Street in the Tenderloin neighborhood of San Francisco. A lot of history remains preserved in this area with many old hotels and apartment buildings. Restaurant gems, ethnic offerings unlike any other place in the city, are sprinkled throughout. Civic Center, Market Street and the busy Commercial corridor on Van Ness Ave are within a couple of blocks and walking distance. Abundant transit lines pass through the neighborhood, allowing residents to get anywhere in the city due to it’s core location. The building shows well and many of the apartments have been remodeled. The unit mix in the building consists of four (4) efficiencies, twenty six (26) studios, and five (5) one bedroom apartments. For the investor, this property provides the opportunity to acquire a well maintained apartment building in the Van Ness Civic Center/Tenderloin neighborhood of San Francisco with upside appreciation potential in rents.
