611 Hyde St, San Francisco, CA 94109
- $5,600,000
- 17,333
- SqFt
- List Price
- $5,600,000
- MLS#
- 426173800
- Property Type
- Multifamily
- Sqft. of Residence
- 17,333
- Lot Size
- 5,031
- Region
- SF District 8
- Status
- ACTIVE
- County
- San Francisco
- Acres
- 0.12
- Year Built
- 1916
Property Description
SF Value-Add: 29-Unit Corner Mixed-Use in Lower Nob Hill (13 Vacant Units) Geary-Hyde Apartments presents an opportunity to acquire a 29-unit mixed-use corner asset in Lower Nob Hill with a level of vacancy seldom seen in the San Francisco multifamily market. Offered for the first time in three generations, the property features 13 vacant residential units, allowing a new owner to bypass years of waiting for tenant turnover and immediately execute a renovation, lease-up, or phased repositioning strategy. The unit mix consists of spacious studios positioned above ground-floor commercial retail spaces, providing diversified income streams and revenue upside outside of residential rent control. Major building systems have been consistently maintained, and costly municipal mandatesincluding required Unreinforced Masonry Building (UMB) seismic retrofitting and fire alarm compliance upgradeshave already been completed. For investors seeking scale, operational control, and measurable NOI growth in a central San Francisco location, Geary-Hyde Apartments offers a straightforward, high-upside value-add play.
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Additional Information
- Basement
- Storage Space, Full
- Foundation
- Concrete Perimeter, Concrete
- Living Area
- 17,333
- Lot Size
- 5,031
- Possession
- Subject To Tenant Rights, Close Of Escrow
- Region
- SF District 8
- Roof
- Tar/Gravel
- Subdivision
- Downtown
- Utilities
- Natural Gas Available, Electricity Available
- View
- City
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Listing courtesy of Coldwell Banker Commercial Realty.
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