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39 Units | Tenderloin

555 Eddy Street, Tenderloin, San Francisco,
$9,500,000 For Sale
Multi-Family

Description

555 Eddy Street is an excellent 39 unit retrofitted brick building located in one of the highest rental demand neighborhoods of San Francisco.

This building was constructed in 1910 and includes 16 one-bedroom apartments and 23 studio apartments. The units have good floorplans and are ample in size.  11 of the units have been recently renovated. There is much upside in the rents. The units have separate gas and electric meters and separate heat.

Recent capital improvements include a new roof, new security camera security system, repainted laundry room, lobby renovation, new flooring and paint on the first through fourth floor common areas, new interior common area lighting, new mailboxes and a refinished elevator cab.

The building is fantastically located in Tenderloin, which is in the center of much commercial and residential real estate development, and close to employers in the Tech and Internet Industries such as Uber, Twitter, Reddit, Zoosk, Yelp, and Square.  It is near the new Sutter Health Medical Center  and Hastings Law School. It is a fast improving area, although it has always been attractive to the young “edgy” set. It is in close proximity to the hot Mid-Market and Civic Center areas and many restaurants, bars and shops. Public transportation via Muni and BART is nearby, which gives good access to all parts of the City. Freeway entrances and exits are also nearby, giving easy access to the Peninsula and East Bay.