Contingent - No Show

1653 Grant Avenue

San Francisco CA, 94133

$6,500,000


$454.83 per sqft

Contingent - No Show

25 Beds

14,291 sqft

Multi-family

Built in 1908

1653 Grant Avenue is 16 unit corner building in San Francisco's storied Telegraph Hill neighborhood. This prime location is situated on a quiet corner of Telegraph Hill, but is mere blocks away from all the best North Beach has to offer. The property is a mix of 10 two-bedroom and 5 one-bedroom apts. Eight of the two-bedrooms on Greenwich Street are Romeo-style units with rear porches. The sixteenth unit is the corner commercial space, . Several of the units have Golden Gate Bridge and Bay Views. The building is detached on all sides, so most units receive great natural light. Rarely will you find a more efficient property with regard to operating expenses as there are separate meters for water, gas, and electricity, each unit has a separate water heater, and tenants pay a pro-rata share of the garbage bill. This asset has experienced a healthy amount of turnover, which should allow for a new owner to keep pace with market rents. The soft story retrofit was completed in 2021. The building is compliant with the Sleep Alarm' ordinance. This is a turn-key asset in one of San Francisco's most desirable locations. Priced to sell at an 11.3 GRM and 6.2% Cap Rate

424014027

MLS ID

March 7, 2024

Listed

May 9, 2024

Updated

Map

1653 Grant Avenue
San Francisco CA, 94133

Interior Features

Total Stories

0


Bedrooms

25


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

None

Other Property Details

Area Name

SF District 8


Garage

No


Parking Total

0


View

No


County

San Francisco


Pool

No

Listing History

Date

Event

Price

3/26/2024

Pending

Listed by Adam D Filly with Compass Commercial

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 5/9/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brad Coy Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 3:07 AM UTC, 5/9/2024

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