$3,750,000 | 15 Units | Nob Hill
Just Listed
1290 Jackson Street
$250,000
Price Per Unit
10.3
GRM
6.6%
Cap Rate
6,420
Square Feet
1290 Jackson Street is a fifteen unit corner building in a prime Nob Hill location. The property is a nice mix of studio and one-bedroom units. Most of the units have been remodeled in the recent past with hardwood floors and granite countertops. The units are separately metered for gas and electricity.
There is a 400 amp electrical service. The seismic soft-story retrofit was completed in 2015. The fire alarm system has been upgraded and is compliant with the sleep alarm ordinance. Many of the units have been rented as furnished rentals, this model has provided for healthy turnover and kept most of the rents at or near market rate. This convenient location provides tenants easy access to the shopping, restaurants and nightlife in Russian Hill and Nob Hill, keeping these units in high demand. This is an excellent opportunity to purchase a fully occupied building with strong in place income.