825-835 Pine Street

825-835 Pine Street

San Francisco, CA 94108
Nob Hill
Multi-Family
32
12,500,000

Excellent Nob Hill locationTwo separate buildings and parcels being sold together21,900 total square feet (per tax records)1923 wood-frame constructionBackyard garden and courtyardSteam heatPride-of-ownership property with many recent improvementsLocated in the heart of the historic Nob Hill neighborhood, 825 & 835 Pine Street are your quintessential San Francisco rental properties. The property exudes old-world charm throughout the apartments and common areas. These attractive units will always appeal to high-quality prospective tenants. Many of the units have been remodeled to a high-standard and command rents at the top of the market, yet the building still maintains great upside potential for the new owner. The buildings are separately metered for gas and electricity. Heat is provided through a steam boiler. The current owners have taken great pride in the building, leaving little work for the new owners.There is currently a first loan of approximately $5,940,000 that must be assumed by the buyer. The loan is at 6.19% with interest only payments. The loan is due in February of 2017 and has a 1% assumption fee.