Property Detail

Description

12 studio apartments in a four-story building in the Tenderloin, built in 1922, in about 5,998 SF on a 1,980 SF lot. About 80% of units have been renovated, with wood floors and updated finishes throughout, and every studio has its own kitchen and bath. Gas and electric are separately metered. Market rents run about 40% above in-place rents. A block from Polk Street's restaurants and shops and a short walk to Union Square, Civic Center and Van Ness, with BART and Muni close by. 5.20% current cap; 6.59% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.