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.
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 | $4,400,000 |
| Price Per Unit | $733,333 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 15.15 |
| 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 | – | – |
