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€ 3,116,100

23 room luxury Hotel for sale in San Francisco, United States

537 m² 23

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Description

This property is a combined 23 room.

SRO hotel featuring a ground floor retail space situated in a prime location near the border of Chinatown and North Beach, and only 3 blocks away from the
future SFMTA Chinatown extension due to open for service in 2019.21 of the 23 SRO rooms are occupied and feature long term tenants who are on month to
month leases. The total monthly rental revenue for the rooms total $10,599 in stable rent. The ground floor hardware store leases at a monthly rent of $6456,
below market rent for that location. The retail space features 2640 sf and the tenant is related to the owner, they are planning to lease for three months after
the transaction before vacating the space, thereby creating an excellent opportunity for increased future rental income or for an owner occupant to establish
shop. The building features three floors with 2 shared toilet rooms and one shower room per floor. Showings available. Contact Listing Agent to schedule.

Stockton Ave located near the corner of Broadway and Stockton is situated in one of the most vibrant, visible
and heavily trafficked intersections in the city. The subject property is also located only three blocks away from the future Chinatown station of the SFMTA
Central Subway at Stockton and Washington, the future terminus of the T Third Street line which is projected to begin operation in early 2019.

Net Operating Income $129,315.

500

Details

Rooms
23
Bedrooms
23
External size
191 m²
Size
537 m²
Floor Count
3
Published on
13 December 2016
Reference
AR-2
View
City
Year of construction
1906

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