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$2,599,000 | 6 UNITS | ALAMO SQUARE
548 Steiner Street is a six-unit investment opportunity in San Francisco’s famous Alamo Square neighborhood. All of the units are large three-bedroom flats of approximately 1,250+- square feet (buyer should measure to their own satisfaction). These spacious flats make excellent homes for roommates, families, or those needing extra space to work from home. They have hardwood floors, built-in cabinets, high ceilings, and plenty of room to live. There is a large garage that accommodates four cars independently. Behind the garage is a small yard for the tenants to enjoy. The garage may offer ADU potential. The soft-story retrofit was completed in 2017. All apartments are separately metered for gas and electricity. Tenants love this location as it provides easy access to a number of neighborhoods such as Hayes Valley, Divisadero corridor, Lower Haight, and many more. This offering provides a tremendous value to savvy investors as it is priced at a 5.1% cap rate and $337 per square foot and with much upside remaining.
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