1700 Octavia St
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1700 Octavia St
35 Unit Block of Flats £7,647,997 (£218,514/Unit) 5.51% Net Initial Yield San Francisco, CA 94109
Investment Highlights
- Stunning 35-unit building located in Lower Pacific Heights
Executive Summary
First time on the market in 25+ years. 1700 Octavia Street is a stunning 35-unit building located in Lower Pacific Heights on the corner of Octavia and Bush Streets. Constructed in 1927, the 7-story concrete building is comprised of one (1) 2-bedroom/1 bathroom, fourteen (14) 1-bedroom/1 bathroom units, and twenty (20) studio units. The corner, two-bedroom unit was tastefully converted from a 1-bedroom. There are banked rents dating back to 2017 which will increase the gross income from $829k to $878k annually. All 35 units face West with expansive views. There is garage parking for five (5) cars. All floors are serviced by an elevator. The units are separately metered for gas and electricity. Lafayette Park, Japantown, Fillmore Street, and Whole Foods are all within a 10-minute walk. Priced at 11.1 GRM and $278k/unit,1700 Octavia Street presents an opportunity to own a true trophy apartment building in the heart of San Francisco.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | £7,647,997 | Apartment Style | Mid Rise |
| Price Per Unit | £218,514 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Net Initial Yield | 5.51% | Building Size | 34,300 SF |
| Gross Rent Multiplier | 11.1 | Average Occupancy | 97% |
| No. Units | 35 | Number of Floors | 6 |
| Property Type | Residential | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.24/1,000 SF |
| Price | £7,647,997 |
| Price Per Unit | £218,514 |
| Sale Type | Investment |
| Net Initial Yield | 5.51% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 35 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 34,300 SF |
| Average Occupancy | 97% |
| Number of Floors | 6 |
| Year Built | 1927 |
| Parking Ratio | 0.24/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Intercom
- Lawn
Site Amenities
- Controlled Access
- Laundry Facilities
- Doorman
- Vintage Building
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| Studios | 20 | - | - |
| 2+1 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (83)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 0664-017 | Improvements Assessment | £1,978,873 |
| Land Assessment | £1,300,182 | Total Assessment | £3,279,353 |
PROPERTY TAXES
Parcel Number
0664-017
Land Assessment
£1,300,182
Improvements Assessment
£1,978,873
Total Assessment
£3,279,353
zoning
| Zoning Code | RM1, San Francisco (Residential zoning.) |
| RM1, San Francisco (Residential zoning.) |
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1700 Octavia St
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