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31479521
31479536

2950 21st Street, San Francisco, CA 94110

EB
CA CA 02060059
Marcus & Millichap - Palo Alto
GF
CA CA 02027839
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco
$1,898,000
63 days on market
Updated 63 days ago

2950 21st Street

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building
Square Footage 5,350
Net Rentable (SqFt) 5,350
Units 4
Cap Rate 8.09%
Occupancy 50%
Pro-Forma Cap Rate 8.67%
Price per SqFt $355
Year Built 1900

Mixed Use | 8.09% CAP | 5,350 SqFt

Marketing description

2950 21st Street, a 5,350-square-foot,4-unit mixed-use property located in the highly sought-after Inner Mission neighborhood of San Francisco. Built in 1900, this historic building offers a mix of three residential apartments and one commercial space, featuring exceptionally large floor plans that average 1,338 square feet. The residential unit mix consists of two four-bedroom/two-bathroom units and one two-bedroom/two-bathroom unit, alongside a 1,350-square-foot commercial space. With expansive residential layouts, the property presents a clear opportunity for owner-occupancy, particularly within the 1,818-square-foot primary four-bedroom unit and the accompanying commercial space. The Inner Mission's vibrant cultural and commercial hub is driving demand for high-quality mixed-use assets in this dynamic area. Offering an 8.09% current cap rate and robust long-term growth potential, this property is a solid investment in a highly desirable location. 2950 21st Street is located in the vibrant Inner Mission neighborhood, offering residents access to exceptional shopping, dining, and cultural amenities. A high-end dining corridor featuring renowned establishments like Flour + Water, Limn, and Trick Dog is just a short walk away, providing a dynamic urban lifestyle.The property is also a short distance from the 16-acre Mission Dolores Park, which offers expansive green spaces and stunning city views, making it ideal for outdoor activities and relaxation. This proximity to both urban amenities and recreational spaces makes it a perfect location for residents seeking the best of both worlds.Boasting a Walk Score of 98 and a Transit Score of 85, the area supports a highly convenient, vehicle-independent lifestyle. 2950 21st Street benefits from excellent connectivity to major highways and public transit, including the nearby 24th Street BART station, ensuring easy access to the greater Bay Area and making it an exceptional location for both tenants and investors

Listing Contacts

EB
CA CA 02060059
Marcus & Millichap - Palo Alto
GF
CA CA 02027839
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco

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Additional Information

Name
Eymon Binesh
License
CA 02060059
Brokerage
Marcus & Millichap
Title
Senior Vice President Investments
Brokerage Address
2626 Hanover Street
Name
Gino Franco
License
CA 02027839
Brokerage
Marcus & Millichap
Title
First Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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