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Investment Highlights

  • 45 Room SRO Hotel located in the Mission District
  • 2 Retail spaces are currently leased for $5,500
  • Great upside for an owner/operator or absentee owner
  • Property comes equipped with owner/ manager unit
  • Property can be delivered 100% vacant
  • Residential Master Lease available

Executive Summary

The Crystal Hotel is located at 2766-2770 Mission Street in San Francisco. The property is a mixed use property consisting of a 45 room SRO hotel ( 31 permitted ) and two retail storefronts on the busy intersection of Mission and 24th Street of the city. This two story building consists of a 10,972 sq. ft. structure, sits on a 4,400 sq. ft. lot, and was built in 1912.
Over the last 36 months, over $450,000 of Cap Ex was spent on the property, including soft story seismic upgrading. Both retail spaces are currently leased at $5,500 / month each, featuring a month-to-month arrangement. This setup opens doors for a new investor to secure the storefronts at competitive market rates.
Located in San Francisco’s lively Mission district, this property offers a vibrant neighborhood experience, boasting high walkability, an energetic nightlife, and close proximity to public transportation.

For Sale: The Crystal Hotel offers investors an opportunity to acquire a high-yield
income on a well-maintained building in the Mission District, San Francisco.
Residential Master Lease: Over 50% income upside potential. Superb core
location, excellent rental area for Mission District commuters.

Data Room Click Here to Access

Property Facts

Price $7,533,405 CAD
Price Per Room $167,409 CAD
Sale Type Investment
Sale Condition High Vacancy Property
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.10 AC
Building Size 10,972 SF
No. Rooms 45
No. Stories 3
Year Built/Renovated 1912/2020
Corridor Interior
Zoning NC-3

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 45 $54.79 CAD -
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
3643-008
Land Assessment
$695,619 CAD
Improvements Assessment
$927,507 CAD
Total Assessment
$1,623,126 CAD
  • Listing ID: 30746850

  • Date on Market: 2024-01-23

  • Last Updated:

  • Address: 2766-2770 Mission St, San Francisco, CA 94110

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