Pending
1653 Grant Avenue
San Francisco CA, 94133
$6,500,000
$454.83 per sqft
Pending
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
August 30, 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 8/30/2024.
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.
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Data last updated 4:29 PM UTC, 8/30/2024