$1,495,000 SALE
Multi-Family
4,590 SF
1614-1618 Powell Street
San Francisco, CA 94133 San Francisco North Beach Aoartments



Well maintained 6 unit apartment building. Consisting of one bedroom with one bath units. The units are a mix of original and remodeled conditions. Heat is supplied by gas wall furnaces. There is a 2 level basement area for the potential of additional income. The property has individual PG&E .


Property Type Multi-Family
Property Use Rental or Investment
Year Built 1912
Sub-Lease 6
Zoning NBeach
Cap Rate Percentage 5.05
Average Daily Rate 100
Listing ID VKHW42
Style Multi-Family (5-20 Units)
Building Size 4,590 SF
Lot Size 2100 SF
Area Description

Area Description: North Beach is a neighborhood in the northeast of San Francisco adjacent to Chinatown, the Financial District, and Russian Hill. The neighborhood is San Francisco's "Little Italy" and has historically been home to a large Italian American population, largely from Northern Italy. It still has many Italian restaurants, though many other ethnic groups currently live in the neighborhood. It was also the historic center of the beatnik subculture and has become one of San Francisco's main nightlife districts as well as a residential neighborhood populated by a mix of young urban professionals, families, and Chinese immigrants. North Beach is bounded by Jackson Square, the Financial District south of Broadway, Chinatown to the southwest of Columbus below Green Street, Russian Hill to the west, Telegraph Hill to the east and Fisherman's Wharf at Bay Street to the north. Main intersections are Union and Columbus, the southwest corner of Washington Square, Grant Avenue, and Vallejo Street. The neighborhood consists of modern, mid-century apartments, duplexes, and Victorian homes and multiplexes.

Region: San Francisco - North

Region: USA - West Coast

Region: Northern California

Region: North Beach

Property Features
Full Bath: 6
Water: City Water
Sewer: City
Age: Over 50 Years Old
Lot Size: Under 1/2 Acre
Financials
Down Payment: $1,500,000
Gross Income: $125,736
Expenses: $47,165