1532 Howard St 15 Unité Immeuble d’appartements 6 108 284 $ CAD (407 219 $ CAD/Unité) 5,67% Taux de capitalisation San Francisco, CA 94103

Take advantage of the rare opportunity to acquire this 15-unit, recently constructed multifamily property in San Francisco. Specifically the units are all condominiums with separate APNs. Buyers have the opportunity to continue operating the building as an apartment building or sell the units individually now or in the future as San Francisco condominium market climbs.

This multifamily property built ground up new in 2020, represents a blend of historic significance and modern design in San Francisco. Spanning 8,225 square feet across six stories, the building features a contemporary façade with ample windows, providing abundant natural light to each apartment. All units are designed as studio residences, offering consistency throughout the property. These modern units have kitchen with dishwasher and microwave, washer / dryer, full bath, and walk-in closet. The modern exterior appeals to tenants interested in modern living within a well-known San Francisco neighborhood. San Francisco rents have climbed drastically. Buyers have the opportunity to increase rents with current and upcoming vacancies.
Situated at the intersection of 4 iconic neighborhoods: Hayes Valley, the Mission District, Civic Center, and SOMA (South of Market), 1532 Howard Street is within walking distance of several MUNI and BART stops, Hayes Valley trendy shops and restaurants, Civic Center (SF Jazz, War Memorial Opera House, Herbst Theater, Bill Graham Auditorium, San Francisco Symphony, and Asian Art Museum) and the eclectic charm of of the Mission and SOMA. Highway 101 and Dwight D Eisenhower Highway are close by, creating speedy commutes. Accessibility to transportation, dining, parking garage nearby, and easy access to down town are all highly desirable for tenants demand.

This area presents attractive opportunities for buyers due to its notable demographics. Within 1 mile of the property, there is substantial renter demand, with 78% of residents living in rental accommodations. The average household income in this locality is $121,518, significantly exceeding the national average. Consumer spending is robust, totaling approximately $1.6 billion. Additionally, the area maintains a low vacancy rate, with San Francisco currently leading the nation in annual rent growth.