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Listed by Gino V Franco Marcus & Millichap
$ 3,500,000
Est. payment | /mo
12 Beds
5,508 SqFt
$ 3,500,000
Est. payment | /mo
12 Beds
5,508 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,508 sqft
Price per Sqft $635
MLS Listing ID 426173406
Bedrooms 12
HOA Y/N No
Year Built 1913
Lot Size 3,001 Sqft
Acres 0.0689
Property Sub-Type Multi Family
Property Description
510 Page Street offers an opportunity to acquire a well-maintained six- unit multifamily property in San Francisco's desirable Lower Haight/Hayes Valley neighborhood. Built in 1913, the property consists of approximately 5,508 square feet on a 0.07-acre lot and features six spacious two-bedroom, one-bathroom units. With full occupancy and a strong rental location, the property offers investors immediate cash flow and long-term investment potential. Offered at $3,500,000, the property is priced at approximately $583,333 per unit and $635 per square foot. The building generates approximately $189,719 in annual Net Operating Income, representing a 5.42% in-place capitalization rate. Its fully occupied status provides a stable income stream from day one. In addition to its existing cash flow, the property offers considerable rental upside, with current rents approximately 30% below market. In- place rents total $22,963 per month, compared to estimated market rents of $33,000 per month, presenting an opportunity to increase income as units turn over. At market rents, the property is projected to achieve an 8.59% pro forma capitalization rate. Situated in the heart of Hayes Valley, 510 Page Street is conveniently located near neighborhood restaurants, shops, parks, and public transportation, with easy access to downtown San Francisco and surrounding employment centers. Combining a desirable unit mix, consistent occupancy, and significant rental upside, the property presents an attractive opportunity for investors seeking both stable income and future growth in one of San Francisco's most sought-after neighborhoods.
Location
State CA
County San Francisco
Area Sf District 6
Interior
Fireplace No
Exterior
Garage Spaces 1.0
Total Parking Spaces 1
Building
Lot Description Curb(s), Curbs/Gutters, Landscaped, Sidewalk
New Construction No
Others
Tax ID 0842006
Nearby Locations
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