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In-PersonVirtual Tour
$2,998,000
Est. payment /mo
2,748 Sqft Lot
Open House
Tue Jun 02, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82048118
HOA Y/N No
Year Built 1890
Annual Tax Amount $38,267
Lot Size 2,748 Sqft
Property Description
Located in the vibrant Haight-Ashbury corridor, 678 Haight Street is a well-positioned mixed-use asset comprised of four residential units and one ground-floor commercial space within a  ±5,655 square foot building originally constructed in 1890. The property features spacious residential units averaging approximately $4,922 in current rents, with upside to market levels of approximately $5,620, along with stable income from the commercial component, providing a balanced and diversified revenue stream. Offered at $2,998,000 ($599,600 per unit / $530 per square foot), the asset operates at an attractive 6% current cap rate with a projected pro forma cap rate of approximately an 8% CAP. With its prime San Francisco location, favorable unit mix, and clear mark-to-market potential, this offering presents investors with a rare opportunity to acquire a high-yield, value-add asset in one of the city's most desirable rental corridors.
Location
State CA
County San Francisco
Zoning NC1
Interior
Heating Electric
Cooling None
Fireplace No
Building
Water Public
Schools
School District San Francisco Unified
Others
Tax ID 0847018
Special Listing Condition Standard
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Listed by Eymon Binesh Marcus & Millichap #02060059
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