830 Hyde St, San Francisco, CA 94109

Property Description

830 Hyde Street is a completely modernized 9 unit apartment building in a vibrant Nob Hill location. Following a fire at a neighboring property, the building underwent an extensive rehabilitation that was completed in 2016. The project included the replacement of all major building systems and a comprehensive renovation of the apartment interiors and common areas, resulting in a highly improved and turn key multifamily asset. The property features a desirable unit mix consisting of four 2bd/2ba apartments, four 3bd/2ba apartments, and one studio. One of the 2bd/2ba units will be delivered vacant. Additionally, buyers should investigate the possibility of legalizing a 10th unit located off the lobby, which will also be delivered vacant. Priced at a 5.2% cap rate with approximately 45% upside in rents, 830 Hyde Street combines strong current income with substantial future growth potential. Its modernized condition and low operating expenses provide for ease of management and reduced ongoing maintenance requirements. The central Nob Hill location provides tenants with convenient access to Downtown, Civic Center, and the neighborhood's many surrounding amenities.