Sq.Ft.3,999
Year1915
Rebecca White
(415) 412-1977
Status:
Active
Property Type:Triplex
MLS #:423726137
Sq. Feet:3,999
On Site:18 Days
Lot Size:1,873 Sq. Ft.
County:San Francisco
Turn key professionally managed multi-unit building in the heart of San Francisco's SOMA District. 5% actual cap rate with almost $18k in actual gross monthly rent roll. The building features 4 Units with a mix of 2 four-bedroom units, one five-bedroom unit, and a large studio 1 bedroom unit. The building is currently rented as an innovative co-living rental model with 14 rooms with varying lease terms allowing for a lower vacancy rate while maintaining optimum cash flow. The building was renovated in 2021, offering a mix of modern design while retaining classic Edwardian features and offering investors a high-demand property in a high-demand area that is turn-key with immediate cash flow. This is an excellent income-generating property in a San Francisco rental market that is accelerating with very strong demand in the immediate area from medical, biotech, and technology tenants.
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Community Information
Address:56 Langton Street, San Francisco, CA 94103
District:SF District 9
County:San Francisco
City:San Francisco
Subdivision:South Of Market
Zip Code:94103
Neighborhood:9
Architecture
Year Built:1915
Stories:0
Style:Edwardian
Construction Materials: Masonry, Wood
Subtype Description: Apartments
Roof: Flat
Basement: Apartment In Basement, Storage Area
Features / Amenities
Interior Features: Vaulted Ceiling(s)
Appliances: Dishwasher, Free Standing Gas Range, Gas Water Heater
Flooring: Tile, Wood
Laundry: In Each Unit
Green Energy Efficient: Appliances
Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Security Gate, Smoke Detector
Parking Features: Garage
Covered Spaces: 1.0
Parking Total: 1.0
Heating: Wall Furnace
Total Rooms:17
Property Features
Lot Size:
0.04 Acres / 1,873 Sq. Ft.
Lot Dimensions:0.043
Lot Features: Garden, Private
View: City, Downtown, San Francisco
Utilities: Cable Available
Sewer: Public Sewer
Water: Water District
Zoning:RED
Tax and Financial Info
Cap Rate: 5.14
Lease Terms: Written Agreements
Terms: _1031Exchange
Tenant Pays: Cable TV, Dues/Fees, Electricity, Gas, Water
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56 Langton Street San Francisco, CA 94103
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Listing Information Last Updated 3/25/2023
Listing provided courtesy of Mosaik Real Estate.
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