For Sale

Description:

1745 Market Street (at Valencia) is a 56-unit, mixed-use (residential over retail), corner building, comprised of +/-57,448 square feet. The building is centrally located and surrounded by Hayes Valley, the Lower Haight, Civic Center and the Mission District. This pedestrian friendly area around is in close proximity to phenomenal restaurants and upscale-boutiques. The building is minutes from “world-class” culture & entertainment, including Opera Plaza, Davies Symphony Hall, The Warfield, and the Asian Art Museum. Commuting is made easy from the subject property with superior access to the Central Freeway, Muni, BART and CalTrain.

The property consists of 48 residential units and 8 commercial spaces. The residential portion of the building consists of 10 sleeping rooms/single room occupancy units (SRO’s), 13 studio apartments, 22 one bedrooms and 3 two bedrooms. The renovated units feature modern upgrades, including laminate flooring and state-of-the-art, kitchen appliances, that maximize the smaller living spaces. The 8- ground floor retail spaces combined measure approximately 11,000 square feet. There are two- billboards on the property and a cell antenna that contribute to the income for the asset. Extensive capital improvements, include seismic work, exterior paint, common area carpet (and paint), a new entry gate/intercom system and security cameras. There is an on-site laundry facility for the convenience of the the tenants.

The purchase of 1745 Market Street is a rare opportunity for an investor to acquire a well-located, corner, mixed-use asset, that has been significantly renovated. Income upside will be realized as the economy improves and demand for residential and retail space is restored.

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