$5,425,000 Sold ($4,999,000) -7.85% Closed

237 Leavenworth Street # 23

San Francisco, CA 94102

Contact me for details:
Alexander Clark

Description

$5,425,000
237 Leavenworth Street # 23
San Francisco, CA 94102

Priced to sell at 12.6 GRM and 5.5% Cap Rate! 237 Leavenworth is a concrete and steel building that was constructed in 1922. There are 23 studio units that are spacious and charming with hardwood floors and period charm. The units are separately metered for gas and electricity. Heat is supplied through wall-furnaces, and is paid for by the tenants. There are two very large storage areas at the ground-level that will be delivered vacant and may offer ADU potential. Under the same ownership for many years, this building has been extremely well-maintained and managed. The excellent tenant profile also helps provide a clean and quiet living environment. This is a truly turn-key asset with excellent cash-flow and upside. No retrofit required. Excellent financing available will provide 5% cash on cash return!

1/31/2019
(Sold) 7/9/2019
5+ Units
237 Leavenworth Street #23 San Francisco, CA 94102
N/A
Bed
N/A
Bath
0
Parking
sqft
11960
MLS#
480741
Year built
0
loft sqft
3781.00
DOM
97
price/sqft
$417.98
unit
23
Contact me for details:
Alexander Clark

Location

Listing Provided by:
Adam D. Filly (DRE#01354775)
Paragon Coml. Brokerage, Inc