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3548 Pierce St

6 Unit Block of Flats £3,905,330 (£650,888/Unit) 4.26% Net Initial Yield San Francisco, CA 94123

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Investment Highlights

Two-Bedroom Units have been renovated with premium finishes and in-unit washer/dryers
Seller can provide the ADU plans for the garage space

Significant Capital Improvements; upgraded electrical, heating system has been fully replaced, upgraded fire alarm system, condo quality units
Pride of ownership, Turnkey investment

Executive Summary

PROPERTY TOURS:
Tuesday, November 12th, 10:00am-12:00pm
Thursday, November 14th, 12:00pm-1:30pm
Welcome to 3548 Pierce Street, a fully occupied and impeccably maintained and newly renovated multifamily building nestled in the heart of San Francisco. This property boasts six units, including two spacious 1-bedroom, 1-bathroom units and four luxurious 2-bedroom, 2-bathroom units, all freshly upgraded to condo-quality standards. In addition to the 6 units, the garage spaces have been cleared out and there is potential for an ADU. Each 2-bedroom unit offers a modern and stylish living space with premium finishes, perfect for discerning tenants. This property presents a unique opportunity for investors or those seeking multigenerational living in an unbeatable location. Recent updates include a brand-new heating system, a state-of the-art intercom system, and a completely renovated lobby that offers a warm welcome to residents and guests. Additionally, new water heaters have been installed, ensuring comfort and convenience throughout the building. Situated in a walker's paradise with a phenomenal 97 Walk Score, this property is mere steps from vibrant shopping, dining, and entertainment options. 3548 Pierce Street is a rare gem that combines pristine condition, contemporary upgrades, and an outstanding location – a perfect addition to any portfolio or a wonderful place to call home.

Property Facts

Price	£3,905,330	Apartment Style	Low Rise
Price Per Unit	£650,888	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Net Initial Yield	4.26%	Building Size	6,324 SF
Gross Rent Multiplier	15.83	Number of Floors	3
No. Units	6	Year Built/Renovated	1927/2023
Property Type	Residential	Parking Ratio	0.47/1,000 SF
Property Subtype	Apartment

Price	£3,905,330
Price Per Unit	£650,888
Sale Type	Investment
Net Initial Yield	4.26%
Gross Rent Multiplier	15.83
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	6,324 SF
Number of Floors	3
Year Built/Renovated	1927/2023
Parking Ratio	0.47/1,000 SF