620 Eddy St & 237 Leavenworth St

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Address: 620 Eddy St & 237 Leavenworth St, San Francisco, California, US
Created date: February 9, 2024
Date last updated: February 9, 2024
  • Rare 58-unit portfolio opportunity with great in-place cash flow w/ further upside potential
  • 620 Eddy St is a 35-unit, four-story (+Basement) property with well-appointed units
  • 237 Leavenworth is a highly-occupied 23-unit property w/ onsite manager, new commercial water heaters.
  • Both properties separately metered for PG&E, updated units throughout.
  • Tenderloin is one of the centermost locations in SF, offering tenants the ability to easily venture over to The Marina, Pacific Heights, and more.

Property Description

237 Leavenworth St features a vintage 23-unit multifamily property located in the City of San Francisco, CA in the Downtown/Tenderloin district. Formerly known as the “Crawford Apartments”, the building was originally home to the American writer - Dashiell Hammett. This property is a four-story building containing 11,960 square feet situated on a 3,781 square foot (0.09 acre) lot. Built in 1922, the unit mix is comprised of twenty-three (23) studio units. The property is fully occupied with solid in-place rents. The roof is a flat tar & gravel roof within ten (10) years old, and there are two (2) new commercial grade water heaters in the basement. There are additional basement storage rooms for further income potential. The building is separately metered for gas & electric, while the owner pays water & garbage. The property is being sold in conjunction with 620 Eddy St, and must close concurrently with 237 Leavenworth St. 620 Eddy St features a 35-unit multifamily property located in the City of San Francisco, CA in Downtown/Tenderloin district. The property is a four-story building containing 16,363 square feet situated on a 0.14 acre lot located on the corner of Larkin & Eddy street, not subject to the San Francisco Soft Story retrofit ordinance. Built in 1910, the unit mix is comprised of thirty (30) studios and five (5) one-bedroom/one-bath units. Most units have been lightly renovated with new flooring, granite counter tops and new paint upon turnover. While the current ownership has maintained strong in-place rents, there is vacancy for further upside potential by lease up at actual market rents the owner has achieved recently. The roof is flat tar & gravel within ten (10) years old, and there is a boiler with steam heating in each unit. The building is separately metered for gas & electric, while the owner pays water & garbage. This property is being sold in conjunction with 237 Leavenworth St, and must close concurrently with 620 Eddy St.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $9,600,000
No. of Units: 58
Year Built: 1922
Lot Size: 0.23 Sq ft
Opportunity Zone: No
Price per unit: $165,517
Property Website Click Here
Address: 620 Eddy St, San Francisco, CA 94109, USA
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