655 Hyde ST, San Francisco, CA 94109
655 Hyde ST, San Francisco, CA 94109
655 Hyde ST, San Francisco, CA 94109
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Cris Lamas Urban Capital SF
$3,095,000
Est. payment /mo
6 Beds
7,932 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,932 sqft

Price per Sqft $390

MLS Listing ID 426140538

Bedrooms 6

HOA Y/N No

Year Built 1913

Lot Size 2,217 Sqft

Acres 0.0509

Property Sub-Type Multi Family

Property Description

NEW PRICE $3,095,000. 655 Hyde Street is a 14-unit, 100%-occupied apartment building in Lower Nob Hill. Offered at approximately $221K/unit and $390/SF, the property delivers a 5.59% in-place cap rate based on current NOI of $173,020 and a 9.80 GRM based on current total scheduled income of $315,776. The efficient unit mix comprises eight studios and six one-bedroom apartments. Rent Roll upside of approximately 35%, and proforma cap rate of 9.0%. Twelve of 14 units have been updated (~86%), positioning new ownership to capture long-term income growth through natural turnover while benefiting from stable in-place cash flow. Professionally managed and fully occupied, the property also benefits from an existing RUBS program and recently completed on-site laundry. The property is compliant with the SF sleep area fire ordinance, and received significant retrofitting under the UMB seismic program completed in 2004. Built in 1913, the building features an arched entry, ornate cornice detailing, and convenient access to Lower Nob Hill retail, dining, employment centers, and public transportation.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Fireplace No

Laundry Coin Operated, Common Area

Building

Lot Description Shape Regular

New Construction No

Others

Tax ID 0302002

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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