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15 Units - 5.1 Cap Rate, 13.45 GRM
994-998 Guerrero Street
San Francisco, CA
Soft Story Retrofit Completed 2021
Highlights

- 13.45 GRM and 5.1% Cap Rate

- 3 Blocks to Dolores Park

- Great Conversion Potential from 1's to 2's

- Great Mixed-Use Income Property

-Current Tenants are all Paying Rent

Property Improvements Since Last Marketed

- Price Reduced from $9 million to $7.75 million

-$200k+ soft story retrofit recently completed

-2 post-covid leases in the ground floor commercial

-Residential rents all reflect post-covid reductions
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.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida, Inc. © 2017 Marcus & Millichap. All rights reserved.