677 Ellis Street presents a rare opportunity to acquire a fully renovated, turnkey 14-unit apartment building in the heart of San Francisco. Comprised of fourteen studio residences, the property offers investors an attractive 6.83% current CAP rate with stable in-place income and minimal deferred maintenance. Recent capital improvements include brand-new electrical throughout the building, while the units have been extensively renovated with high-end designer finishes, creating a modern living experience that appeals to today's urban renter. This is an ideal opportunity to own a quality, low-maintenance asset in one of San Francisco's most supply-constrained rental markets at only $176,000 per unit!
| MLS # | ML82049753 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 85 |
| Listing Provided By | Marcus & Millichap | Eymon Binesh |
| SQ Feet | 7,047 |
|---|---|
| Units | 14 |
| Building(s) | 1 |
| Zoning | RC4 |
| Acreage | 0.05 |
| Cooling | None |
|---|---|
| Cooling Yes / No | Yes |
| Property | 35391 |
|---|
| State | CA |
|---|---|
| County | San Francisco |
| City | San Francisco |
| Zip Code | 94109 |
| Listing VS Median (in 94109) | |
Price: $2,475,000 low | high Med: $4,112,500 sqft: 7,047 low | high Med: 12,899 $ / sqft: $351 low | high Med: $329 On site: 85 low | high Med: 85 | |
| State | CA |
|---|---|
| County | San Francisco |
| City | San Francisco |
| Zip Code | 94109 |
| Listing VS Median (in 94109) | |
Price: $2,475,000 low | high Med: $4,112,500 sqft: 7,047 low | high Med: 12,899 $ / sqft: $351 low | high Med: $329 On site: 85 low | high Med: 85 | |