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$11,750,000 Sold ($9,936,000) -$1M Closed
900 Van Ness Avenue
San Francisco, CA 94109
Description
San Francisco, CA 94109
This bright corner building, located in the center of San Francisco, was constructed by the seller in 2002. Given the era of the property, 900 Van Ness is exempt from local San Francisco rent control, a rarity for multifamily product in the City. This asset in the Van Ness/Civic Center district is comprised of 28 residential condominiums (currently being leased to tenants), a commercial condominium that has been split into two spaces, one of which is leased to T-Mobile since 2004 and 27 parking spaces. 900 Van Ness Avenue is adjacent to the new Van Ness Bus Rapid Transit corridor – a 1.96-mile line, running between Mission Street and Lombard Street, with dedicated center bus lanes and nine stations. Being in and around so many of San Francisco’s most vibrant neighborhoods makes this location walkable to work, fun and provides easy access to public transportation to anywhere in the Bay Area. This opportunity to purchase a centrally located mixed-use condo building in San Francisco built in 2002 provides the next owner with a number of management and exit strategies at an opportune time in the market. Schedule a tour to see how well it was built and has been managed.
(Sold) 9/21/2023
Location
Payam J. Nejad (DRE#01372042)
Colliers International