Status: SOLD

1580-Filbert-San-Francisco-Apartment-Building-for-Sale

Price $3,950,000
Units 15
Building Size 12,690 sq ft
Lot Size 5,000 sq ft
Stories 3
Construction Wood Frame
Unit Mix 3 Two Bdrs, 6 One Bdrs, 2 Large Studios, 4 Studios
Parking 11 Car
Year Built 1924
APN # 0522 – 007

Financial Parameters

GRM  14.19
$/Unit  $263,333
$/Sq. Ft.  $311
$/Room  $94,048
Cap. Rate  4.46%
Download Property Statement
1580 Filbert Street is a 3-story, wood frame building built in 1924. It is separately metered for gas and electric with steam heat. The subject property is very well located in the Cow Hollow District.

This is a very strong rental market and a desirable, sought after location. The property is within walking distance to Fort Mason, Union Street shopping, restaurants and public transportation. The property is not in a liquefaction zone according to the following website: http://gis.abag.ca.gov/website/LiquefactionCGS

The investment boasts some bay and Golden Gate Bridge views, historically low expenses, long term tenants, upside and the opportunity to add value.