Just Sold - 1012-1016 Grant Avenue

 

Just Sold - 11-Unit Mixed-use property in Chinatown/Financial District

All Cash Transaction, 21-Day Close, As-Is Condition

The LL CRE group is pleased to announce the sale of 1012-1016 Grant Avenue. The property is an 11-unit mixed-use property in San Francisco’s Chinatown/Financial District.

LL CRE successfully sold the property to the owner of the neighboring building, effectively merging the two properties that have a shared stairwell for their residential units. The property was sold in an all-cash transaction, 21-day close, as-is condition.

Highlights

  • Sold for $3,250,000 | 3.44% CAP (Actual) | 16.07 GRM (Actual)

  • 11-Unit Mixed-Use - Eight Studios, Two 1-Bedroom Units, and One Retail Unit

  • Unique Transaction - Unifies Two Mixed-Use Properties Sharing One Residential Ingress/Egress

 
Just SoldLL CRELL CREJust Sold, Commercial Real Estate, Bernal Heights, San Francisco, SRO, Retail, LL CRE