New Construction in SOMA! This fantastic investment opportunity consists of 5 mixed use units, delivered vacant. Two residential units each with 2 bdrm, 2 bath, gas fireplaces, stainless steel appliances, custom cabinets, in-unit washer/dryer, and tank-less water heaters. Top unit also has view of downtown SF, and a balcony. Ground floor is a commercial unit with large open space, high ceiling, office, and a bathroom. 2nd floor has two commercial units each with a kitchen and handicap accessible full baths. One of these units has an outdoor patio. Roof deck with view of downtown. Building has elevator, security camera, sprinkler system & individual meters. Condo papers have been filed and approved by city and waiting state approval.
Appox. $239k/unit. Soft story seismic retrofit just completed waiting on final cert. Potential O&M and Cap Improv. passthru. Immed cash flow inc. 1st yr. Leased investment with rent upside potential in upcoming neighborhood! Proj. 15GRM and 4 CAP! Hot Mid-Market Area near Uber, Twitter,& Dolby Lab Hq. Surrounded by new Apt complex such as AVA 55 Ninth, SOMA Grand, Panoramic and NEMA. Walk to San Francisco Public Library, Asian Art Musuem, and Civic Cente. A Walker, Rider,and Biker's Paradise with a score of 97, 100,& 98(per Walk Score). Minutes walk to Nordstrom, Bloomingdales, Union Sq., Metreon, & Moscone Ctr. Low price/unit and low price/square feet. Good unit mix of studio and 1 bed with ground floor commercial with high ceiling base
Hot SOMA 5 unit building. Located in the vibrant SOMA/Mid Market the social media and technology neighborhood. Great investment opportunity with upside potential. Four one BR 1BA Romeo style apartments with access to back deck. One large full floor flat at ground level with 4 spacious rooms. Small yard in the rear.