$9,495,000 | 18 UNITS | INNER SUNSET

Just Listed

1855 10th Avenue

18

Units

16,077

Square Feet

3.9%

Cap Rate

16.0

GRM

1855 10th Avenue is an 18 Unit apartment building in San Francisco’s Inner Sunset neighborhood. This offering presents the rare opportunity for investors to purchase an institutional quality investment in one of the City’s premier rental locations. This asset has a balanced mix of 3bd, 2bd, and 1bd units. There is a 1:1 parking ratio with 9 covered spaces and 9 uncovered. Eleven of the units have recently undergone high-quality remodels. The current owners have also made significant improvements to the building common areas and systems during the course of their ownership. Improvements include a structural overhaul of the exterior balconies, soft-story seismic retrofit, a new 800 amp electrical service, improvements to the façade, and updated common areas. In addition to coin-laundry, some remodeled apartments have in-unit washer/dryer. The apartments are separately metered for gas and electricity, and a RUBS system has been implemented for tenants to reimburse some utility costs. Rarely will you find a San Francisco apartment building improved to this high standard.