$1,199,000 Sold ($1,000,000) -16.60% Closed

569 Natoma Street

San Francisco, CA 94103

Contact me for details:
Luba Muzichenko

Description

$1,199,000
569 Natoma Street
San Francisco, CA 94103

569 Natoma Street is an add-value opportunity with 338% of rent growth potential. It is a fully occupied 6-unit multifamily asset in the South of Market (SoMa) West neighborhood of San Francisco. The surrounding area is an attractive hot spot for young professionals; popular activities in the area include yoga studios, concert venues, private clubs, bars and restaurants. The property also benefits from a high concentration of jobs in nearby Mid-Market, Financial District, and SoMa East. The Civic Center BART station is just three blocks away from 569 Natoma Street. The property features six (6) 1-bedroom/1-bathroom Romeo-style units, where each floor has two units that are arranged side-by-side and the stairwell runs down the middle with windows facing the street in between floors. There are also 5 vacant storage units. The investment appeal of 569 Natoma Street is its high upside potential through rent growth if an investor can re-rent units at market rate.

9/13/2021
(Sold) 11/22/2021
5 or More Units
569 Natoma Street San Francisco, CA 94103
N/A
Bed
N/A
Bath
0
Parking
sqft
4100
MLS#
421595206
Year built
0
loft sqft
1873
DOM
49
price/sqft
$243.9
unit
N/A
Contact me for details:
Luba Muzichenko

Location

Listing Provided by:
Brian Leung (DRE#01203473)
Colliers International
Jeremy Lee (DRE#01951309)
Compass Commercial