225 Jones St | San Francisco, CA 94102
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225 Jones St
San Francisco, CA 94102
Retail Property For Sale
Executive Summary
225 Jones St is a 20-Unit mixed-use multifamily building located in the Tenderloin. It is an excellent renovation opportunity with substantial upside for investors who are motivated. It consists of 16 large studio apartments, ranging in size from +/- 350-400 square feet each; 14 of the studios are currently vacant. On the ground level, there are 4 commercial spaces, two of which are occupied by a city favorite, Yemen Kitchen and the other, by the popular Hung Phat Bakery---both are on month-to-month basis. The building is located just around the corner from the Tenderloin Police Station.
There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Maven has recently placed 5 commercial tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.
FEATURES
• Centrally located in San Franciscos vibrant Tenderloin
• 16 residential units, 14 delivered vacant
• 4 commercial units, 2 leased
• Massive upside with stabilization
• Great renovation opportunity
• A half block from Father Alfred E. Boeddeker Park
• Around the corner from the Tenderloin Police Station
• Two popular commercial tenants, Yemen Kitchen & Hung Phat Bakery
There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Maven has recently placed 5 commercial tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.
FEATURES
• Centrally located in San Franciscos vibrant Tenderloin
• 16 residential units, 14 delivered vacant
• 4 commercial units, 2 leased
• Massive upside with stabilization
• Great renovation opportunity
• A half block from Father Alfred E. Boeddeker Park
• Around the corner from the Tenderloin Police Station
• Two popular commercial tenants, Yemen Kitchen & Hung Phat Bakery
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,420 SF
Building Class
B
Year Built
1925
Price
$3,483,900 CAD
Price Per SF
$370 CAD
Cap Rate
8.28%
NOI
$288,467 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.29
Lot Size
0.09 AC
Zoning
RC4
PROPERTY TAXES
| Parcel Number | 0338-002 | Improvements Assessment | $381,017 CAD |
| Land Assessment | $200,314 CAD | Total Assessment | $581,331 CAD |
PROPERTY TAXES
Parcel Number
0338-002
Land Assessment
$200,314 CAD
Improvements Assessment
$381,017 CAD
Total Assessment
$581,331 CAD
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