511 Leavenworth Sold in All Cash Transaction
SAN FRANCISCO, Oct. 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of 511 Leavenworth Street, a 17-unit apartment building located at the intersection of Leavenworth and O'Farrell.
511 Leavenworth is an appealing property in downtown San Francisco, featuring 17 units, including 8 studios and 8 one-bedroom apartments, along with a small commercial storefront. Additionally, the building has a garage with space for 7 vehicles.
Situated on Leavenworth Street between O’Farrell and Geary, the property is within walking distance of Union Square, the Civic Center, shopping, hospitals, restaurants, and various retail options. Public transportation access is excellent.
Notably, the building underwent over $1 million in renovations in 2005, which included updates to wiring, plumbing, roofing, skylights, and more.
Constructed in 1921, the building spans 11,352 square feet, according to appraisal records. The property is separately metered for gas and electricity, and heating is provided by a steam boiler. There is also a washer/dryer combination located in the basement, along with low-frequency fire alarm horns.
Purchased by a private investor, 511 Leavenworth, which has been professionally managed, represents an outstanding opportunity to revive and operate a rent-controlled apartment building with substantial rental upside in San Francisco.
Every property has a unique story. For detailed information about this building, current market conditions, or a complimentary property value, please call. We look forward to speaking with you.
For?additional information about this transaction or to learn more about our team & services, please contact:
Gino Franco | (415) 625-2167 | [email protected]
Sanford Skeie | (415) 625-2153 | [email protected]
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada.?As of December 31, 2023, the company had 1,783 investment sales and financing professionals?in over 80 offices?who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services?to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com .
Mortgage Loan Officer at United American Mortgage Company (UAMCO)
1 个月Congratulations! We have cash out for these buyers in case they want to buy another building with the proceeds. More bang for the same buck!