2870-2878 Harrison Street

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Address: 2870-2878 Harrison St, San Francisco, CA 94110, USA
Created date: March 26, 2024
Date last updated: March 26, 2024

Property Description

2870-2878 Harrison Street is a nine unit apartment building in the vibrant Mission District. The property consists of 9 large 3bd/2ba flats. Each unit has a private entrance, providing a house-like feel to the units. Eight of the units were extensively remodeled with a modern aesthetic within the last 10 years. The remodeled units have high-ceilings, in-unit laundry, gas fireplaces, chef’s kitchens and built-in shelving. While the units are considered to have three-bedrooms, many tenants have used them as four-bedroom over the years. In the backyard there is a nicely finished patio area with a built-in BBQ and seating for the tenants enjoyment. The large lot extends all the way to the famous Balmy Alley, which is filled with a collection of murals. A two-car garage can be accessed from the alleyway. The units are separately metered for gas and electricity. Tenants also pay for heat. This is an excellent opportunity to purchase a turn-key asset with excellent cash flow and upside.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $4,700,000
No. of Units: 9
Cap Rate: 6.1%
GRM /GIM: 11
Building Size: 10,731 Sq ft
Opportunity Zone: No
Price per unit: $522,222
Address: 2870-2878 Harrison St, San Francisco, CA 94110, USA

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