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344 Ellis St, San Francisco, CA 94102
Concrete and steel building; comprised of 30-studio apartments. The +/-
13,685 square foot building was constructed in 1910 and occupies a mid-block lot between Taylor and Jones Street in the Civic Center/Tenderloin neighborhood of the City. The property is a short distance to Union Square and a brief walk to the “Central Business District” of
This $4,850,000 offering represents the most attractive metrics in the San Francisco market at $354 per sq ft., $161,667 per unit, 5.25% cap rate and a GRM of 10.36. For the investor, this is an opportunity to acquire a thoughtfully maintained, centrally located asset at a price
well-below replacement cost.