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    1501 California Street

    San Francisco, CA 94109
    • $7,000,000
    • STATUS: Active
    • ON SITE: 227 days
    • MLS #: 499529
    Price Reduced
    UPDATED: 50 min ago
    $7,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,800
      SQFT
    • $714
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    The property is located at 1501-1515 California at Larkin Street. It consists of 39 rooms over 3 Ground floor retail units. This offering is COPA compliant. This is an excellent opportunity for an owner user to acquire a fully renovated and mostly vacant SRO Residential licensed property. Potential users include corporate housing for a local company or an investor with a master lease for operating the units for a group housing use. The Dorel Hotel is a Single Residence Occupancy Hotel with Residential licensed rooms. The Certificate of Use indicates 36 Residential units. The RRR indicates One Family Dwelling & 36 guest rooms. The Annual Unit Usage Report indicates 39 Rooms. See thedorelsf.com for detailed marketing now in place for the residential units. All of the residential units are small (average 160 square feet), with an open living area and private bathroom (sink, shower and toilet) in each unit. The rooms are partially furnished, with a sofa, Murphy bed, mini-frig.

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    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-01-23T21:20:00.117.
    www.sfhothomes.com/homes/106702061
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    1501 California Street San Francisco, CA 94109

    • Price: $7,000,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 499529
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,800
    SQFT
    $714
    $/SQFT
    1907
    Built
    Neighborhood:
    Sf District 8
    County:
    San Francisco
    Area:
    Sf District 8
    Property Description
    The property is located at 1501-1515 California at Larkin Street. It consists of 39 rooms over 3 Ground floor retail units. This offering is COPA compliant. This is an excellent opportunity for an owner user to acquire a fully renovated and mostly vacant SRO Residential licensed property. Potential users include corporate housing for a local company or an investor with a master lease for operating the units for a group housing use. The Dorel Hotel is a Single Residence Occupancy Hotel with Residential licensed rooms. The Certificate of Use indicates 36 Residential units. The RRR indicates One Family Dwelling & 36 guest rooms. The Annual Unit Usage Report indicates 39 Rooms. See thedorelsf.com for detailed marketing now in place for the residential units. All of the residential units are small (average 160 square feet), with an open living area and private bathroom (sink, shower and toilet) in each unit. The rooms are partially furnished, with a sofa, Murphy bed, mini-frig.
    Exterior Features

    Independent Parking Spaces 0 Lot Features None Parking Total 0 Tandem Parking Spaces 0

    Interior Features

    Rooms Total 39 Unit1 Approx Sq Ft 160 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

    Property Features

    Cap Rate 6.36 Number Of Units Vacant 34 Property Sub Type 5 Or More Units Special Listing Conditions None Unit Type Commercial Units Total 3 Unit Type Studio Units Total 39 Unit Type1 Bedroom Units Total 0 Unit Type2 Bedroom Units Total 0 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit2 Type Studio Unit4 Rent 0

    Listing provided courtesy of Terrence Jones of Corcoran Global Living.


    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-01-23T21:20:00.117.
     
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    Keller Williams San Francisco
    1624 California Street
    San Francisco CA, 94109