1338-1348 Larkin St

Description

INVESTMENT HIGHLIGHTS

  • Excellently maintained
  • Rental upside
  • Premium Nob Hill location
  • Large units
  • Parking garage
  • 1 Unit delivered vacant

EXECUTIVE SUMMARY

Touchstone Commercial Partners, Inc. is pleased to offer investors the opportunity to purchase the fee simple interest in 1338-1348 Larkin Street.
The subject property consists of three (3) 3bd/2ba units and three (3) 2bd/2ba units. There are five parking spaces in the ground floor garage. Around the corner from Trader Joes and just steps to bars and restaurants on the Polk Street corridor, this property is well located in the heart of Nob Hill. This impeccably maintained property delivers stable in-place income and plenty of upside. Unit 1340 will be delivered vacant at close.

PROPERTY FACTS

Price $4,600,000
Price Per Unit $766,667
Sale Type Investment
Cap Rate 4.17%
Gross Rent Multiplier 15.84
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.08 AC
Building Size 8,949 SF
No. Stories 3
Year Built 1909
Opportunity Zone No

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 3 1,500
3+2 3