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$4,375,000 | 6 UNITS | PACIFIC HEIGHTS

Just Listed

1945-1955 Lyon Street






Cap Rate


Vacant Units

1945-1955 Lyon Street is a beautiful apartment building in Pacific Heights. This rare offering consists of six charming flats with private entrances and a six car garage. Each of the flats is five rooms and can be used as a 2bd or 3bd. Five of the units will be delivered vacant. The tenant in 1951 Lyon pays $4,918 per month, which includes parking. These charming flats receive great light and boast period charm with hardwood floors, fireplaces, and built-in cabinets. Each unit has laundry in the unit or hook-ups. The middle and upper units have nice eastern outlooks and receive great natural light. One of the lower units has a small private deck off of the dining room. The vacant units provide an investor with the opportunity to complete a TIC project in one of the city’s premiere locations, or to continue renting these highly desirable apartments.  The garage was added in 2003, and the work included upgrading the foundation and adding six storage lockers. In 2016 additional seismic work was completed to comply with the soft-story ordinance. There are separate meters for gas and electricity, and separate water heaters, keeping operating expenses low. Located half a block from Sacramento Street, occupants are within walking distance to the excellent shopping, dining, and conveniences of Presidio Heights and Laurel Village. Do not miss this unique opportunity to purchase a mostly vacant building in a world class San Francisco location!

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