3345 24th St-307 Bartlett St

Status:  SOLD!

 

Price $2,600,000
Units 9
Building Size 5,840 sq ft
Lot Size 3,440sq ft
Stories 3
Construction Wood Frame
Unit Mix 2 One Bedrooms, 6 Studios, 1 Retail
Parking 4 Car
Year Built 1922
APN # 6516 – 023

Financial Parameters

GRM  18.41
$/Unit  $288,889
$/Sq. Ft.  $445
$/Room  $104,000
Cap. Rate  2.69%

Located on the vibrant corner of 24th and Bartlett Streets just one block from the 24th St BART Station, this property consists of (6) studios, (2) 1 bedrooms, (1) retail, and (5) individually garaged parking spots. It is a 3 story, wood frame building built in 1922 with a concrete foundation. The property has been implacably maintained including new garage doors, lots of remaining period details, a recently installed roof, improvements/repairs to the external staircase and dry-rot removal. This is a well maintained building with good bones and huge rental upside.

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