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949 Post St

949 Post Street, Civic Center, San Francisco,
California, 94109
5,100,000 In Contract
Multi-Family

Description

949 Post St. is a five-story wood frame building ideally located in Downtown San Francisco constructed in 2003. The building consists of 24 studio apartments, a large one car garage and a laundry room. Abundant natural light! One of the units is a designated “rec room”. The property is currently rented as, and is well suited for, senior housing.

949 Post St. is an incredibly rare San Francisco investment opportunity with substantial cash flow from day one.

The building is excellently located in Downtown SF, which is in the center of much commercial and residential real estate development, and close to employers in the Tech and Internet Industries. It is near the new Sutter Health Medical Center and Hastings Law School. Nearby employers include technology companies such as Reddit, Zendesk, Yelp, WeWork and Salesforce. It is near the hot Mid- Market, Civic Center and Van Ness Avenue areas with many fine restaurants, bars and upscale hotels, including the Fairmont, the Ritz-Carlton and Mark Hopkins. Public transportation via MUNI and BART is very accessible. The freeways, Bay Bridge, and the San Francisco Golden Gate Bridge, are within a short driving distance, giving easy access to the Peninsula, Marin and East Bay.