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Listed by Adam D Filly Compass Commercial
$ 18,000,000
Est. payment | /mo
41 Beds
35,900 SqFt
$ 18,000,000
Est. payment | /mo
41 Beds
35,900 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 35,900 sqft
Price per Sqft $501
MLS Listing ID 424069925
Bedrooms 41
HOA Y/N No
Year Built 2001
Lot Size 0.379 Acres
Acres 0.3787
Property Sub-Type Multi Family
Property Description
Magnolia Place is set in the heart of San Francisco's Marina District. This asset presents the rare opportunity to purchase an institutional quality property in one of San Francisco's best rental locations. Constructed in 2001 and not subject to SF Rent Control, the property is situated on a prominent corner with frontage on three contrasting blocks. The ground floor commercial space is on the heavily trafficked Lombard Street, presenting an excellent branding opportunity in a bright and modern space. The residential spaces front on the quieter Buchanan and Magnolia Streets, providing tenants with a quiet neighborhood feel just a block from the high-end shopping on Chestnut Street. These sleek modern units have consistently remained in high-demand. All of the apartments feature hardwood floors, granite countertops, modern appliances, and in-unit laundry. Contributing to the neighborhood vibe is a nicely decorated central courtyard. Commercial tenants will be pleased with the bright and open space, the convenience of a loading dock with a roll up door, and abundant parking set aside in the garage. The combination of location, modern construction and systems, and the ability to keep pace with market rents make this a strong investment opportunity.
Location
State CA
County San Francisco
Area Sf District 7
Interior
Fireplace No
Laundry In Unit
Exterior
Garage Spaces 45.0
Roof Type Asphalt
Total Parking Spaces 45
Building
Lot Description None
New Construction No
Others
Tax ID 0494012
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