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646-654 Washington Street 646-654 Washington Street

14 Unit Block of Flats £2,039,466 (£145,676/Unit) 4.95% Net Initial Yield San Francisco, CA 94111

Investment Highlights

  • Half Block from Transamerica Pyramid Building
  • 1 Large Restaurant, 2 Offices, and 11 SRO Units
  • Price Per Square Foot at ONLY $143.42!!!
  • Across the Street from the Hilton Hotel
  • Huge Future Redevelopment Potential

Executive Summary

646-654 Washington St is a 14-unit mixed-use building located in the Financial District, next to the historical Chinatown, near North Beach and the Transamerica Pyramid, with excellent access to public transportation. This is a high foot traffic area that draws both local San Franciscans and international visitors.
646-654 Washington St is a 18,128 square feet building sitting on a 4,560 square foot lot. In addition, the building has a full basement. The ground floor used to occupied by a seafood restaurant tenant and is currently vacant. There are two 1,800 Sq.Ft offices located on the second and third floors are accessible by elevator. This building also has 11 SRO units. APN is 0195-008. Zoning is CCB.
The subject property presents a great Financial District investment opportunity with incredible redevelopment potential for creative investors.

Property Facts

Price £2,039,466
Price Per Unit £145,676
Sale Type Investment
Net Initial Yield 4.95%
Sale Conditions Portfolio Sale
Gross Rent Multiplier 13.19
No. Units 14
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 18,128 SF
Number of Floors 3
Year Built 1909
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0195-008
Land Assessment
£2,926,839
Improvements Assessment
£1,951,225
Total Assessment
£4,878,065
  • Listing ID: 29531492

  • Date on Market: 15/09/2023

  • Last Updated:

  • Address: 646-654 Washington Street, San Francisco, CA 94111

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