$850,000 Sold ($2,200,000) +$1M Closed
1150 Fell Street
San Francisco, CA 94117
Description
San Francisco, CA 94117
1150 Fell Street is a stellar three unit building in the heart of NOPA in San Francisco. Steps away from Divisadero Street with shopping, restaurants, and entertainment, this property is perfectly situated in a highly desirable neighborhood. The building is an absolutely gorgeous turn-key asset featuring over one million dollars in capital improvements from full seismic work, the units completely gutted and redone, all the way up to redoing the roof. The top floor flat, 1152, features a six bedroom, two renovated full bathrooms, and two brand new half bathrooms, a full chef’s kitchen with high end appliances, and washer/dryer in the unit. The middle floor, 1150, is a five bedroom, two full bathrooms, and two half bathrooms flat with similar high-end finishes, appliances, and amenities. The ground floor, 1150A, is a brand new two-bedroom, one bathroom garden apartment with brand new appliances and finishes. The building is currently being managed by a co-living company and is rented by the room – 13 in total – and can still be operated as such by continuing with the current management. The property can also be returned to a traditional three-unit multifamily use through natural lease turn over. It offers over a 6% cap rate to a new buyer.
Joseph V. Levy (DRE#01932439)
Compass Commercial
(Sold) 4/17/2024