Six Units in Alamo Square - 1028-1032 Steiner Street, San Francisco - $1,795,000

Welcome to 1028-1032 Steiner Street in San Francisco, an Edwardian six-unit apartment building ideally located two blocks from Alamo Square Park (and The Painted Ladies) and tucked in the middle of NOPA, Filmore District, Hayes Valley and Lower Haight. This three-story building consists of six spacious residential units over a large basement that covers the length of the building. Five of the six units are tenant-occupied at below market rates and don’t miss the VACANT two-bedroom+ unit (1028-B, first floor) primed for renovation. Unit mix consists of (3) 2BD/1BA and (3) 1BD/1BA units. Recent improvements include a full exterior paint job and new fire escape. LOW price per square foot at $299 with accompanying 88% rental upside. Units are separately metered for PG&E. The property sits on a large lot with a terrific backyard full of lush vegetation.

The location can't be beat - no car is necessary here with a walk score of 97. It’s a mere three blocks to the wonderful shopping, dining and entertainment options of Divisadero Street in NOPA. Public transportation is a breeze with numerous Muni lines converging in the area and plenty of tech shuttle stops nearby. 

 

FEATURES

Units: 6

Building Sq Ft: 5,994

Lot Size Sq Ft: 3,781

Year Built: Unknown

District: Alamo Square

APN: 0774-013

Zoning: RM4 (Residential - Mixed, High Density)

OVERVIEW

  • Price: $1,795,000

    Price Per Unit: $299,167

    Price Per Sq Ft: $299

    CAP Rate: 3.92%

    GRM: 15.3

    MLS#: 422634929