25
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Listed by Alina Siert • KW Advisors, DRE#01893238
$5,995,000
Est. payment /mo
19,780 SqFt
Open Wed 11AM-1PM
416 Turk ST San Francisco, CA 94102
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Wed Oct 14, 11:00am - 1:00pm
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,780 sqft
Price per Sqft $303
MLS Listing ID ML82063902
Year Built 1907
Lot Size 4,792 Sqft
Property Sub-Type Five or More Units
Property Description
25 apartments plus 3 ground-floor commercial spaces in a five-story elevator building in the Tenderloin, built in 1907: 15 one-bedrooms, 8 studios and 2 two-bedrooms in about 19,780 SF on a 4,624 SF lot. About 80% of units have been renovated, with wood floors. The concrete masonry building was seismically upgraded in 2014 and the main roof was redone in 2020. Secured entry and lobby, and an elevator from the basement to the top floor. Gas and electric are separately metered. The commercial space brings in $4,500/mo, and architectural plans have been drawn for 3 potential ADUs. Market rents run about 52% above in-place apartment rents. Near Turk and Hyde, a block from UC Law San Francisco and a short walk to Civic Center, City Hall, Van Ness and Union Square, with BART and Muni close by. 6.57% current cap; 9.44% pro forma cap at market rents. All apartments occupied per the rent roll.
Location
State CA
County San Francisco
Area 8 - Tenderloin
Zoning RC4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 0336-004
Security Features Other
Special Listing Condition Not Applicable
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