506-508 Ashbury Street | Haight-Ashbury
6-Unit Multifamily Property
- Address: 506-508 Ashbury Street
- Price: $2,685,000
- Building Size: 5,400 Square Feet
- Lot Size: 2,247 Square Feet
- Cap Rate: 4.11%
As exclusive agents, Urban Group Real Estate is pleased to present 506-508 Ashbury Street, San Francisco, CA for purchase. The property is a well maintained 6-Unit multifamily building centrally located in the Haight Ashbury neighborhood of San Francisco. This 5,400 square foot building is comprised of six – 1 bedroom 1 bath units plus 2 car garage and storage. Fully leased with a 4.11% cap rate with income upside potential (approx. 38%). Most of the units provide additional value by reconfiguring layouts and adding bedrooms.
The immediate area boasts a walk score of 97, with easy walking distance to Golden Gate Park, Haight Street Market and Whole Foods, and many great cafes, restaurants and shops. 506-508 Ashbury Street presents an investor with a fantastic opportunity to purchase an easy to manage property with upside potential in a great neighborhood location.
As one of San Francisco’s most iconic neighborhoods, the Haight-Ashbury’s vibrant culture and colorful charm make it uniquely desirable to homeowners, tenants and investors alike. Nestled in the heart of the city with easy access to Cole Valley’s chic allure and the upscale draw of Divisadero Street, this neighborhood continues to produce some of the best investment opportunities in the country. 506-508 Ashbury sits right in the middle of the Haight-Ashbury, steps from easy public transportation, cozy dining and charismatic shopping.
- Ideal Haight-Ashbury location
- Approximately $150,000 in recent upgrades
- Soft story recently completed
- Great upside potential