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$3,200,000 | 6 UNITS | NOPA

Just Listed

1488-1498 Fulton Street






Cap Rate


Price per Square Feet

1488 Fulton Street is a trophy corner asset in one of the city’s best rental locations. In the heart of NOPA, only two blocks from Divisadero, this investment has much to offer. Each unit has a private entrance off the street, providing a house-like feel. Four of the apartments are spacious 3bd units that maintain much of their original charm and character. There is a nicely finished 1bd unit at the ground level. The sixth unit is a corner retail space that is occupied by a fitness studio with a lease that runs through August 2026 with one 5yr extension option. The upper flats have been nicely upgraded and maintained. They boast high-ceilings, decorative fireplaces, and great natural light. Several of them have in-unit laundry. Each unit is separately metered for water, electricity, and gas, thus keeping operating expenses very low and insulating the landlord from increases in utility costs. The soft-story seismic retrofit was completed in 2020. This is a rare opportunity to purchase a turn-key asset in the best NOPA location. Priced to sell at 5.7% cap rate!

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