425 Hyde Street, San Francisco, CA 94109

Located at 425 Hyde Street in San Francisco, this multifamily asset presents a strong investment opportunity in a highly desirable market. Built in 1923, the property consists of 25 units with a total building area of 18,750 square feet, situated on a 0.16-acre lot.

The property offers a mix of 1-bedroom and studio units, with the current occupancy standing at 96%. In-place rents are currently below market, offering significant upside potential through strategic rent increases and repositioning of the asset. The current average rent is approximately $2,025.31 for 1-bedroom units and $1,668.36 for studios, compared to a projected market rent of $2,500 for 1-bedroom units and $1,950 for studios.

Additionally, the property benefits from ground-floor garage parking and a total of 11 parking spaces, ensuring both tenant convenience and potential additional revenue streams. Utility costs are individually metered for gas and electricity, minimizing landlord exposure to fluctuating utility costs.

Offered at a list price of $5,875,000, the property represents approximately $235,000 per unit, providing an attractive price point for investors. The property currently generates a Net Operating Income (NOI) of approximately $406,014.08. This stable income stream, coupled with the rental upside, provides a solid foundation for future growth. The asset generates a current cap rate of 6.68% and has a pro forma cap rate of 10.53%. The projected rent increases and value-add opportunities offer the potential to significantly enhance cash flow and property value over time.