555 2nd St, San Francisco, CA 94107
- $3,750,000
- 4,600
- SqFt
- List Price
- $3,750,000
- MLS#
- 426155197
- Property Type
- Multifamily
- Sqft. of Residence
- 4,600
- Lot Size
- 1,999
- Region
- SF District 9
- Status
- ACTIVE UNDER CONTRACT
- County
- San Francisco
- Acres
- 0.05
- Year Built
- 1914
Property Description
Price Reduced by $145,000. Is there a better location when it comes to everything AI...? 555 2nd Street presents a compelling opportunity to acquire a high-yielding, 6.7 cap rate mixed-use asset in South Park. This is a 5.2% cash-on cash investment opportunity with considerable upside in the rents. Beautifully maintained building with excellent cashflow. The ground floor is anchored by Movida Restaurant and Tequila Lounge that has been operating at the site for over 3 years. Upstairs are two three bedroom apartments that have been recently upgraded and feature hardwood floors, in unit laundry and stainless steel appliances. Supported by long-term commercial lease below and high demand renovated residential units above, it offers durable income today with clear upside tomorrow.
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Additional Information
- Living Area
- 4,600
- Lot Size
- 1,999
- Region
- SF District 9
- Subdivision
- South Beach
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Listing courtesy of Marcus & Millichap.
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.