110 Gardenside Dr

$5,995,000  |  110 Gardenside Dr, San Francisco, CA 94131

Number of Units: 17

110 Gardenside Drive is a 17-unit apartment building with 16-car garage parking located in Twin Peaks. All 17 units have private decks, many of which offer sweeping, east-facing views of the SF skyline, Noe Valley, and the Mission District. The unit mix consists of three (3) studios, 12 1-bedrooms, and two (2) 2-bedroom units. Eight (8) units have updated kitchens and bathrooms. Two units will be delivered vacant. The property is powered with 600 amps. The units are separately metered for electricity with electric baseboard heaters. The soft-story retrofit was completed in 2016. The property is grossing $528,000/year (assuming a projected rent for the vacant units and implementation of rent increases). This equates to an attractive 11.3 GRM and 5.6% cap rate, with 27% rental upside. 110 Gardenside is a well-maintained, stable asset with achievable upside.