655 Hyde Street
14 Units | Nob Hill | $3,350,000
Marketing description
Urban Capital is pleased to present 655 Hyde Street, a 14-unit multifamily asset located in Nob Hill. This well-maintained building features an elegant arched entry, ornate cornice work, and other period detailing. The property is 100% occupied and delivers a 5.1% cap and 10.69 GRM on in-place income, with an efficient all-studio and one-bedroom mix, RUBS in place, and on-site laundry.
Primely located to benefit from the downtown employers driving San Francisco's hiring recovery, the building's 98 Walk Score puts residents steps from Whole Foods, Trader Joe's, and the neighborhood's best dining and retail.
Priced at $239K/unit and $422/SF with over 35% rent roll upside, 655 Hyde offers a low-basis entry into a recovering market with significant turnover-driven rent growth and low repositioning risk.
Investment highlights
- 14 residential units in prime Nob Hill corridor
- Unit Mix: (8) Eight Studios, (6) Six 1-bedrooms
- 100% occupied with stable, in-place income from day one
- In-place rents roughly 35% below market, leaving clear room to grow revenue
- RUBS program already in-place + newly constructed on-site laundry generating additional income
- 98 Walk Score, placing residents steps from Whole Foods, Trader Joe's, and major employers
- Well-suited as a long-term hold with built-in upside and minimal turnover risk
- $239K/unit | $422/SF
- 10.69 GRM | 5.10% Cap Rate
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