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Listed by Louis Cornejo Urban Group Real Estate
$6,650,000
Est. payment /mo
22,305 SqFt
Pending
1035 Stockton ST San Francisco, CA 94108
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 22,305 sqft
Price per Sqft $298
MLS Listing ID 425020553
HOA Y/N No
Year Built 1908
Lot Size 0.283 Acres
Acres 0.2832
Property Sub-Type Mixed Use
Property Description
This prime mixed-use property, in the heart of San Francisco's Chinatown, offers diverse income streams with 39 SRO units, 10 prime retail spaces, and 9 on-site parking spots. The property is comprised of 10 commercial units on the ground level, 39 SRO units on level two and three and a parking area in the rear for 9 cars. Each SRO has two rooms with a kitchen. There is a total of 20 toilets and 20 showers that are shared, with two SRO units, to one toilet and one shower. 7 SRO units will be delivered vacant. The building is fully sprinklered and has up to date sounders. Ten prime retail spaces are located at the corner of Stockton and Jackson, Chinatown's epicenter. All the retail spaces are fully leased. The parking area is at the rear of the property with easy access from Jackson Street. With an in-place cap rate of 8.65% and a projected cap rate of 9.68%, savvy investors are sure to benefit from this property's stable income and prime location in a thriving commercial and cultural hub.
Location
State CA
County San Francisco
Area Sf District 8
Zoning CRNC
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0192001
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