1312 Jackson Street
Property Description
1312 Jackson Street is a 21 unit building in the heart of Nob Hill. Constructed in 1909, the building consists of 13 studios and 8 one-bedrooms. Many of the units have Golden Gate Bridge and Bay views. The building is detached on all sides, pro- viding abundant natural light. The apartments are separately metered for gas and electricity. Heat is supplied via steam boiler. The property is professionally managed and has been well maintained. There is approximately 150% upside in the rents. This is an excellent opportunity for a new owner to purchase at a low basis and capitalize on the amazing potential this asset offers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $3,950,000 |
| No. of Units: | 21 |
| Cap Rate: | 3.3% |
| GRM /GIM: | 12.7 |
| Opportunity Zone: | No |
| Price per unit: | $188,095 |
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Brokers
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Remax Professionals
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Jared Ennis
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
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Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout