PROPERTY DESCRIPTION

700 39th Avenue | Outer Richmond

14-Unit Mixed Use SOLD in Outer Richmond
700 39th Avenue

Offered At: $8,900,000
Building Square Feet: 17,875 Square Feet

Property Summary:
Urban Group Real Estate is pleased to have exclusively represented the Seller in the sale of 700 39th Avenue, a 14-unit mixed use building. Set in San Francisco’s Richmond district, 700 39th Avenue features 7 market rate residential apartments (two 3 bedroom / 2 bath and five 2 bedroom/ 2 bath) plus 3 retail spaces and 4 offices. Each floor plan is unique with varying views of the cityscape, neighborhood and hills, some with private balconies and with 7 parking spaces provided.

Property Details:
Cap Rate: 3.15%
Gross Rent Multiplier: 20.35
Price Per Square Foot: $498
NC-2 Zoning
Year Built: 1988
Lot Size: 5,500 Square Feet

LOUIS CORNEJO
office: 415.863.1775
direct: 415.786.3662
email: louis@urbangroupsf.com
BRE 01518102