1653 Grant Avenue, San Francisco
San Francisco Home For Sale
1653 Grant Avenue is 16 unit corner building in San Francisco's storied Telegraph Hill neighborhood. This prime location is situated on a quiet corner of Telegraph Hill, but is mere blocks away from all the best North Beach has to offer. The property is a mix of 10 two-bedroom and 5 one-bedroom apts. Eight of the two-bedrooms on Greenwich Street are Romeo-style units with rear porches. The sixteenth unit is the corner commercial space, . Several of the units have Golden Gate Bridge and Bay Views. The building is detached on all sides, so most units receive great natural light. Rarely will you find a more efficient property with regard to operating expenses as there are separate meters for water, gas, and electricity, each unit has a separate water heater, and tenants pay a pro-rata share of the garbage bill. This asset has experienced a healthy amount of turnover, which should allow for a new owner to keep pace with market rents. The soft story retrofit was completed in 2021. The building is compliant with the Sleep Alarm' ordinance. This is a turn-key asset in one of San Francisco's most desirable locations. Priced to sell at an 11.3 GRM and 6.2% Cap Rate
Property Details
Sales Agent
- Beach Cities Real Estate
- Phone: (888) 990-7111
- Cell: (888) 990-7111
- Contact Agent Now
Essential Information
-
- MLS® #:
- 424014027
-
- Price:
- $6,500,000
-
- Bedrooms:
- 25
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 14,291
-
- Acres:
- 0.09
-
- Year Built:
- 1908
-
- Type:
- Residential Income
-
- Sub-Type:
- Mixed Use
-
- Status:
- Active
Community Information
-
- Address:
- 1653 Grant Avenue
-
- Area:
- SF District 8
-
- Subdivision:
- Telegraph Hill
-
- City:
- San Francisco
-
- County:
- San Francisco
-
- State:
- CA
-
- Zip Code:
- 94133
Exterior
-
- Lot Description:
- None
Additional Information
-
- Date Listed:
- March 7th, 2024
© Copyright 2024 of the SFAR MLS.
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.