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Listed by Marcus & Millichap
$ 2,998,000
Est. payment | /mo
5,950 SqFt
$ 2,998,000
Est. payment | /mo
5,950 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,950 sqft
Price per Sqft $503
MLS Listing ID ML82048118
HOA Y/N No
Year Built 1890
Lot Size 2,750 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Located in the vibrant Haight-Ashbury corridor, 678 Haight Street is a well-positioned mixed-use asset comprised of four residential units and one ground-floor commercial space. The property features spacious residential units averaging approximately $4,922 in current rents, with upside to market levels of approximately $5,620, along with stable income from the commercial component, providing a balanced and diversified revenue stream. Offered at $2,998,000 ($599,600 per unit), the asset operates at an attractive 6% current cap rate with a projected pro forma cap rate of approximately an 8% CAP. With its prime San Francisco location, favorable unit mix, and clear mark-to-market potential, this offering presents investors with a rare opportunity to acquire a high-yield, value-add asset in one of the city's most desirable rental corridors.
Location
State CA
County San Francisco
Interior
Heating Electric
Cooling None
Fireplace No
Building
Water Public
"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"