$4,500,000 | 13 UNITS | INNER RICHMOND

In Contract

789 6th Avenue

13

Units

4.1%

Cap Rate

15.6

GRM

6,708

Square Feet

Constructed in 1924, 789 6th Avenue has much to offer. The property consists of 12 studio apartments and a ground floor bonus/office space. The studios are spacious with functional floor plans. They have high-ceilings and good natural light. Some of the units are recently remodeled. The units are separately metered for gas and electricity. Hot water is supplied through a central water-heater. There is a 400 amp electrical service. At the ground level there is a large bonus area that is used by the current owner as an office. The space is nicely finished and may offer ADU potential. There are two large garages, one of which can accommodate two-cars in tandem and the other a single car. Both garages will be delivered vacant. This location is in the most desirable part of Inner Richmond. It is just across the street from the heart of Golden Gate Park, providing easy access to Conservatory of Flowers, de Young Museum, and the Academy of Sciences. It is also close to the conveniences of Geary Blvd and Clement Streets as well as Haight-Ashbury & NOPA. This is a turnkey asset with units that will always be in high-demand.