Status:  SOLD!

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Price $4,999,999
Units 26
Building Size 16,100 sq ft
Lot Size 3,075 sq ft
Stories 7
Construction Concrete
Unit Mix 7 one bdrs, 1 jr. one bdr, 17 studios, 1 retail
Parking none
Year Built 1927
APN # 0345 – 012b

Financial Parameters

GRM  12.32
$/Unit  $205,769
$/Sq. Ft.  $332
$/Room  $90,678
Cap. Rate  4.87%

371 Turk is a 7 story, concrete building built in 1927.   The property consists of (7) One-Bedrooms, (1) Jr. One-Bedroom, (17) Studios, and (1) Retail unit. The property has been enrolled in the Ratio Utility Billing System (RUBS) program to minimize expenses and help assure future tenant reimbursements will keep pace with rising costs. It is separately metered for PG&E. The property is located on Turk Street (between Hyde and Leavenworth) just off of Market St. 371 Turk is an add value opportunity with significant upside in rents and located in a rapidly improving Tenderoin location.

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