1026 Pine Street
$1,200,000

1026 Pine Street

25 Beds 3 Baths 6,480 Sq.Ft.

Description

Downtown residential income building located just right behind San Francisco Masonic Auditorium, a block from Grace Cathedral, short blocks to financial district, restaurants, shops, and the piers. This is a 5 level building that has been soft story retrofitted in 2018. Subbasement floor features full floor for storage or possible future garage conversion. 1st floor (1026) is a vacant 4 bed 1 bath flat ready for new owners or additional rental income. 2nd floor (1028) is a 7 room single room occupancy (SRO) flat. 2 of the 7 rooms are occupied. 3rd & 4th floor (1030) are another SRO flats with 7 rooms each flat. There are 6 rooms occupied on the 3rd floor including the live in manager's room. 3 rooms are occupied on the 4th floor. This building needs some work, but has a lot of potential. Most likely the building is not financeable. Low rents with the current occupied rooms totaling at around $1,800 monthly excluding some of the tenants whom have not been paying rent. With a little imagination & creativity, this building can be a cash cow! Total 21 SROs plus full vacant 4 bed 1 bath flat! 11 of the 21 SROs are occupied.

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Location

1026 Pine Street, San Francisco, CA 94109

Status

Sold
Courtney Jung

Courtney Jung

TITLE

Realtor®

Property Amenities

Interior
Flooring Tile, Vinyl, Wood
Total Bedrooms: 25
Full Bathrooms: 3
Area & Lot
Lot Area 1,873.08 Sq.Ft.
Living area 6,480 Sq.Ft.
MLS® ID 423757829
Year Built 1904
Type Condo
Status Sold
Exterior
Water Source Public
Sewer Public Sewer
Lot Features None
Utilities City
Finance
Sales Price $1,200,000

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