$2,450,000
- Beds
- Unknown
- sq ft
- 9,420
225 Jones St, San Francisco, CA 94102
225 Jones St
San Francisco, CA 94102
- 62 days on market
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. Our firm 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.
Details
Property type
Mixed Use
Property condition
Fixer
Lot size
4,120.776 sq ft
Price per sq ft
$261
Year built
1925
Price History
07/19/2024
SFAR #424050627
Listed
$2,450,000
-5.77%
06/01/2024
SFAR #424007223
Removed
$2,600,000
02/06/2024
SFAR #424007223
Listed
$2,600,000
Schools & Community
Neighborhood:
Tenderloin
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 2:55 PM
Listing updated: 09/19/2024 at 12:11 PM
Listed by: Mark Fry, Maven Commercial, Inc.
MLS: SFAR #424050627
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