1920’s 15-Unit Apartment Building | One of the Most Prestigious Neighborhoods in San Francisco | FOR SALE

3245 Clay Street, San Francisco, CA

For Sale

Multifamily Garden Low Rise

$9,850,000

Price

Overview

Cap Rate

4.85%

NOI

$477,671

Cash-on-Cash

2.27%

Pro Forma Cap Rate

4.88%

Building Size

17,078 sqft

Lot Area

7,649 sqft

Units

GRM

12.94

Year Built

1922

Price Per Sqft

$577

Price Per Unit

$656,667

Zoning

RM-1

Offered by

Description

3245 Clay Street is an exceptionally maintained, 1920’s 15-unit apartment building located in Pacific Heights, one of the most prestigious neighborhoods in San Francisco, replete with multi-million dollar mansions, co-ops, and condo buildings. Ideally located a few blocks from the Presidio and Alta Plaza park, residents can enjoy unparalleled views of the surrounding city and bay, and plenty of outdoor recreation. Fillmore Street, the neighborhoods major thoroughfare regarded for it’s high-end boutique shopping and exceptional eateries, and Divisadero Street for shopping, bars and dining, are all within walking distance. This location is a walker’s paradise and has a walk score of 98 out of 100. Residents can reach all major business districts in San Francisco via a variety of transportation lines on Divisadero Street, California Street, Geary Boulevard.

The unit mix in the building consists of fourteen (14) 1-bedrooms/1 bath and one (1) 2-bedroom/1 bath apartment. The units feature bay windows, hardwood floors, spacious living rooms and dining rooms with ample closet space, modernized kitchens with stainless steel appliances, and full bathrooms with tile floors and pedestal sinks. The garage in the building can accommodate four parking spaces. The current owners have meticulously managed the property and several recent improvements include: three ADU’s, new interior paint, new windows throughout, upgraded electrical and completion of the seismic retrofit.

3245 Clay Street offers investors an extraordinary opportunity to acquire a trophy multi-family property in one of the finest locations in the City.