Marcus & Millichap is pleased to present for sale a 15 unit, Mission District mixed-use building located at the corner of 22nd Street and Guerrero in San Francisco. Built in 1912, 994-998 Guerrero is an iconic example of San Francisco architecture. It is quite rare to find a trophy asset in San Francisco at a true 5% cap rate.
The unit mix consists of 5 commercial spaces and 10 residential units. The commercial spaces consist of 4 small ground floor units (218-415 square feet) as well as Liberties Bar (1,422 square feet) which is situated directly on the corner of Guerrero and 22nd Street. The apartments above consist of 2 studios, 5 one-bedrooms and 3 two-bedrooms. The units have large bay and bow windows throughout that provide ample amounts of natural light. 4 of these units have been remodeled and feature new finishes, dishwashers as well as in-unit washer/dryers. The units feature hardwood floors throughout, as well as many period details that enhance the living experience. Each unit features either gas wall heat, or electric heat which the tenants pay for.
A full electrical service (600 Amp) upgrade to the building was completed in 2019. The foundation is concrete and the roof was replaced in 2012. The owner recently completed the soft stroy work at the building.