519 Commercial Ave

06-27-2022
06-27-2022

519 Commercial Ave, South San Francisco, CA 94080

Property Description

519 Commercial Avenue in downtown South San Francisco presents an incredible value add opportunity for an investor. The property boasts an almost unheard of unit mix consisting of (9) 2 bedroom, 1 bath units. This investment has solid in place rents with massive upside potential through renovation. It is located in downtown South San Francisco, is blocks from Grand Ave. and sports a WalkScore of 91 (Walker’s Paradise). With unprecedented growth in South San Francisco fueled by Biotech/Life Science companies will prove to be a fantastic asset. Two units have been completely and beautifully renovated and demonstrate significant upside as these units are now currently under maximum achievable rent levels. 

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 4,750,000
No. of Units
9
Cap Rate
3.85%
GRM / GIM
17.02
Year Built
1962
Building Size
9,591 Sq ft
Lot Size
9000 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 527,778
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37.654487, -122.417769

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