Description
EXECUTIVE SUMMARY
Touchstone Commercial Partners, Inc. is pleased to offer investors the opportunity to purchase the fee simple interest in 1627-1631 Clay Street. The subject property is located between Polk and Larkin Streets in Nob Hill. This prime location offers a plethora of nearby amenities awarding it a perfect walk score of 100 (Walker’s Paradise).
The ground level and first story of the building consists of a 5,700 square foot, 2 level, 8 bedroom unit, along with a backyard. The third level consists of 7 SRO rooms with a shared water closet, shower, and kitchen. 6 of the 7 units are rented, and one unrenovated unit will be delivered vacant at the close of escrow. The fourth level consists of 7 SRO rooms with a shared water closet, shower, and kitchen. 4 of the 7 SRO’s on the fourth level have recently been renovated and have bathrooms and kitchenettes in the room. 2 of the 4 remodeled units were recently rented.
PROPERTY FACTS
| Price | $2,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $213,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.08% | Building Size | 10,160 SF |
| Gross Rent Multiplier | 10.65 | Average Occupancy | 73% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Opportunity Zone | No |
