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Key Details
Sold Price $1,575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81960141
Sold Date 08/21/24
HOA Y/N No
Year Built 1906
Annual Tax Amount $20,400
Lot Size 1,167 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
Zoning CRNC
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Building
Water Public
Schools
School District San Francisco Unified
Others
Tax ID 0159003
Financing Conventional
Special Listing Condition Standard
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Bought with Olivia Lum