1700 Octavia ST Pending

San Francisco,CA 94109

$ 9750000

16 Beds

0 Bath

22300 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 22,300 sqft

Price per Sqft $437

MLS Listing ID 424037849

Bedrooms 16

HOA Y/N No

Year Built 1927

Lot Size 3,600 Sqft

Acres 0.0826

Property Description

First time on the market in 25+ years. 1700 Octavia Street is a stunning 35-unit building located in Lower Pacific Heights on the corner of Octavia and Bush Streets. Constructed in 1927, the 7-story concrete building is comprised of one (1) 2-bedroom/1 bathroom, fourteen (14) 1-bedroom/1 bathroom units, and twenty (20) studio units. The corner, two-bedroom unit was tastefully converted from a 1-bedroom. There are banked rents dating back to 2017 which will increase the gross income from $829k to $878k annually. All 35 units face West with expansive views. There is garage parking for five (5) cars. All floors are serviced by an elevator. The units are separately metered for gas and electricity. Lafayette Park, Japantown, Fillmore Street, and Whole Foods are all within a 10-minute walk. Priced at 11.1 GRM and $278k/unit,1700 Octavia Street presents an opportunity to own a true trophy apartment building in the heart of San Francisco.

Location

State CA

County San Francisco

Area Sf District 6

Zoning RM1

Interior

Heating Steam

Flooring Wood

Fireplace No

Window Features Bay Window(s),Varies by Unit

Laundry Coin Operated

Exterior

Garage Spaces 5.0

View City,City Lights,Downtown,San Francisco

Total Parking Spaces 5

Building

Lot Description Sidewalk

Foundation Concrete

Level or Stories Five or More

New Construction No

Others

Tax ID 0664017

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