20 Units | Mixed-Use Apartment Building | FOR SALE

Highlights:

• Centrally located in San Francisco’s vibrant Tenderloin
• 16 residential units, 14 delivered vacant
• 4 commercial units, 2 leased
• Massive upside with stabilization
• Great renovation opportunity
• A half block from Father Alfred E. Boeddeker Park
• Around the corner from the Tenderloin Police Station
• Two popular commerical tenants, Yemen Kitchen & Hung Phat Bakery

Description:

225 Jones St is a 20-Unit mixed-use multifamily building located in the Tenderloin. It is an excellent renovation opportunity with substantial upside for investors who are motivated. It consists of 16 large studio apartments, ranging in size from +/- 350-400 square feet each; 14 of the studios are currently vacant. On the ground level, there are 4 commercial spaces, two of which are occupied by a city favorite, Yemen Kitchen and the other, by the popular Hung Phat Bakery both are on month to-month basis. The building is located just around the corner from the Tenderloin Police Station.

There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Maven has recently placed 5 commercial tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.

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