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Listed by Brad Lagomarsino Colliers International
$ 8,900,000
Est. payment /mo
New
3140 21st ST San Francisco, CA 94110
25 Beds
17,625 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,625 sqft
Price per Sqft $504
MLS Listing ID 426159967
Bedrooms 25
HOA Y/N No
Year Built 1927
Lot Size 7,108 Sqft
Acres 0.1632
Property Sub-Type Multi Family
Property Description
3140 21st Street presents a unique turnkey opportunity to acquire a well-maintained and actively managed 28-unit apartment building in San Francisco's Inner Mission District. Owned and operated for 14 years by a TIC partnership of brokerage and investment professionals, the property is being sold due to the conclusion of the partnership rather than asset performance. Built in 1927, the building includes three (3) studios, fifteen (15) junior one-bedroom units, ten (10) one-bedroom units, and twenty (20) parking spacesan exceptionally rare amenity for a property of this size and location. The apartments feature a mix of classic and updated finishes, including hardwood floors, bay windows, abundant natural light, spacious closets, and renovated kitchens and bathrooms. Despite active management and ongoing improvements, existing rents remain below market. Additional amenities include a large side yard, owner storage and workshop space, and shared laundry facilities. Many of the property's most substantial improvements are already complete, including Soft-Story seismic work, Fire Alarm Ordinance compliance, roof and window upgrades, and underground storage tank removal. The boiler and steam-heating system was removed by permit and replaced with baseboard electric heating, while gas and electrical service remain separately metered. Located at 21st and Capp streets, the property sits within the Mission District's growing AI and technology ecosystem, part of San Francisco's emerging Arena.'' Residents enjoy convenient access to Mission Bay, SoMa, Yerba Buena, the Financial District, and Potrero Hill, along with nearby dining, shopping, nightlife, public transit, and major freeways. The property is offered with assumable financing of approximately $3.2 million at a 4.4% interest rate with approximately 12 years remaining. One ownership partner may also be willing to roll a portion of their equity alongside a new owner or sponsor. With extensive parking, completed capital improvements, below-market rents, and attractive financing, 3140 21st Street represents a compelling long-term investment opportunity.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Exterior
Total Parking Spaces 20
Building
Lot Description Corner Lot, Curb(s)
New Construction No
Others
Tax ID 3610014
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