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1329-1333 Powell ST San Francisco, CA 94133
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,372 sqft
Price per Sqft $360
MLS Listing ID ML81960141
Sold Date 08/21/24
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1906
Lot Size 1,169 Sqft
Property Description
1329 - 1333 Powell Street is a conveniently located eight-unit mixed-use property nestled in Nob Hill, near the heart of Chinatown and North Beach. The building is comprised of six spacious 2 bedroom, 1 bathroom apartments and two ground floor retail spaces. Five units were recently renovated and are vacant. Separate metering for gas and electricity. Capture the potential for increased returns with sizable passthrough banked-rent opportunities. Beautiful views of Coit Tower and Golden Gate Bridge. With recent enhancements and a portion of units available for immediate occupancy, 1329 - 1333 Powell Street stands as an enticing investment prospect, offering a compelling 6.35% Cap rate and 11.29 GRM upon full occupancy. Whether you're a seasoned investor or venturing into real estate for the first time, seize the opportunity to elevate your portfolio with this prime asset.
Location
State CA
County San Francisco
Area 8 - Nob Hill
Zoning CRNC
Interior
Heating Electric
Cooling None
Exterior
Parking Features No Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Tar and Gravel
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 0159-003
Security Features Security Fence
Special Listing Condition Not Applicable
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Bought with Olivia Lum • Golden Bay Real Estate & Inves