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    662 Clay Street

    San Francisco, CA 94108
    • $17,000,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 421531787
    UPDATED: 26 min ago
    $17,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,268
      SQFT
    • $647
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Pyramid Commons is a mixed-use asset consisting of 108 Single-Room Occupancy (SRO) residential hotel rooms and 4 commercial spaces. This high-quality asset allows a new owner to step in and operate a turn-key residential hotel with stable commercial tenants. The largest of the commercial spaces is occupied by the Guatemalan Consulate, which is accessed at the rear of the property on Merchant Street. There is approximately 14 years left on their initial lease-term. There is an additional space on Clay Street that can be built out to a fourth retail unit. A large vacant basement takes up the entire footprint of the building and can be utilized by a new or existing commercial tenant. The SRO occupancy rate is currently 53%, making this opportunity well-suited for non-profit organizations or operators that desire flexibility and control over selection of new tenants. This can be purchased with the adjacent mixed-use SRO at 700 Kearny Street.

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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 2021-06-13T22:20:25.117.
    www.sfhothomes.com/homes/115475841
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    662 Clay Street San Francisco, CA 94108

    • Price: $17,000,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 421531787
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    26,268
    SQFT
    $647
    $/SQFT
    1912
    Built
    Neighborhood:
    Sf District 8
    County:
    San Francisco
    Area:
    Sf District 8
    Property Description
    Pyramid Commons is a mixed-use asset consisting of 108 Single-Room Occupancy (SRO) residential hotel rooms and 4 commercial spaces. This high-quality asset allows a new owner to step in and operate a turn-key residential hotel with stable commercial tenants. The largest of the commercial spaces is occupied by the Guatemalan Consulate, which is accessed at the rear of the property on Merchant Street. There is approximately 14 years left on their initial lease-term. There is an additional space on Clay Street that can be built out to a fourth retail unit. A large vacant basement takes up the entire footprint of the building and can be utilized by a new or existing commercial tenant. The SRO occupancy rate is currently 53%, making this opportunity well-suited for non-profit organizations or operators that desire flexibility and control over selection of new tenants. This can be purchased with the adjacent mixed-use SRO at 700 Kearny Street.
    Exterior Features

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

    Interior Features

    Rooms Total 128 Unit1 Approx Sq Ft 0 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 5.6 Number Of Units Vacant 0 Property Sub Type 5 Or More Units Special Listing Conditions None Subtype Description Mixed Use Unit Type Commercial Units Total 4 Unit Type Studio Units Total 108 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 Unit4 Rent 0

    Listing provided courtesy of Adam Filly of Compass.


    © 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 2021-06-13T22:20:25.117.
     
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