$1,748,000 Sold ($1,850,000) +$102K Closed
1127 Hyde Street
San Francisco, CA 94109
Description
San Francisco, CA 94109
This rare Nob Hill 7-Unit Edwardian apartment building, steps from California and Polk Street shopping and dining, public transit and more, could be the perfect owner-occupied investment hybrid, family compound or a solid investment with upside for discerning buyers. 1127 Hyde, which consists of 6 spacious 1BD/1BA units and one studio unit, will be delivered with 4 of the 7 units vacant at close. Per the public tax records, the property, which is conveniently located near the corner of Hyde and California Streets, measures 6,880 Sq Ft on the interior, and is located on a 2,809 Sq Ft lot with an attractive rear patio. Meticulously cared for by the long-term family owners, the building has a projected gross annual income in the $151,000 range, and a conservative possible Cap Rate of 5.5% on a projected 35% expense ratio WITH possible capital improvements taken into account. And the City required retrofit is complete! Located in a wonderful Nob Hill location, just around the corner from top-rated area amenities including Trader Joes, CVS, Whole Foods, restaurants, coffee, public transit and more, 1127 Hyde should ensure an attractive tenant offering for its next owners for years to come. Don’t miss the opportunity to add this trophy building to your investment portfolio!
Andrew de Vries (DRE#01368031)
Berkshire Hathaway-Franciscan
(Sold) 11/17/2023