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Listed by John M Antonini Compass Commercial
$9,750,000
Est. payment /mo
16 Beds
22,300 SqFt
UPDATED:
11/22/2024 06:57 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 22,300 sqft
Price per Sqft $437
MLS Listing ID 424037849
Bedrooms 16
HOA Y/N No
Year Built 1927
Lot Size 3,600 Sqft
Acres 0.0826
Property Description
First time on the market in 25+ years. 1700 Octavia Street is a stunning 35-unit building located in Lower Pacific Heights on the corner of Octavia and Bush Streets. Constructed in 1927, the 7-story concrete building is comprised of one (1) 2-bedroom/1 bathroom, fourteen (14) 1-bedroom/1 bathroom units, and twenty (20) studio units. The corner, two-bedroom unit was tastefully converted from a 1-bedroom. There are banked rents dating back to 2017 which will increase the gross income from $829k to $878k annually. All 35 units face West with expansive views. There is garage parking for five (5) cars. All floors are serviced by an elevator. The units are separately metered for gas and electricity. Lafayette Park, Japantown, Fillmore Street, and Whole Foods are all within a 10-minute walk. Priced at 11.1 GRM and $278k/unit,1700 Octavia Street presents an opportunity to own a true trophy apartment building in the heart of San Francisco.
Location
State CA
County San Francisco
Area Sf District 6
Zoning RM1
Interior
Heating Steam
Flooring Wood
Fireplace No
Window Features Bay Window(s),Varies by Unit
Laundry Coin Operated
Exterior
Garage Spaces 5.0
View City, City Lights, Downtown, San Francisco
Total Parking Spaces 5
Building
Lot Description Sidewalk
Foundation Concrete
Level or Stories Five or More
New Construction No
Others
Tax ID 0664017
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