$4,200,000 | 7 UNITS | Russian Hill
PENDING
888-898 Union Street
7
Units
4.9%
Cap Rate
12.7
GRM
$417
Price per Square Feet
888 Union Street is an incredible opportunity to purchase a trophy corner building in Russian Hill, on the edge of North Beach. This prominent building features 7 large 4bd/1ba flats. Each unit has incredible character with beamed ceilings, hardwood floors, and built-in cabinets. The upper units boast amazing panoramic bay views, some bridge-to-bridge. One of the two top floor units will be delivered vacant, which would make the perfect owner’s unit. There is an additional vacant unit that is accessed off Taylor Street. Both vacant units need to be remodeled to achieve market rents. The common hallways have beautifully maintained wood paneling and terrazzo stairs with a skylight that brings in natural light. There is a large roof deck with extraordinary views for tenants to enjoy. The units are separately metered for gas and electricity. Heat is supplied by a newer steam boiler. On the eastern side of the lot, there is a garage and parking pad (approximately 25’ x 82”) that may offer expansion potential. Currently three tenants have the right to park on the pad behind the garage, but the garage itself will be delivered vacant. Do not miss this rare opportunity to purchase a generational asset in one of the city’s most iconic locations!