Downtown residential income building located just right behind San Francisco Masonic Auditorium, a block from Grace Cathedral, short blocks to financial district, restaurants, shops, and the piers. This is a 5 level building that has been soft story retrofitted in 2018. Subbasement floor features full floor for storage or possible future garage conversion. 1st floor (1026) is a vacant 4 bed 1 bath flat ready for new owners or additional rental income. 2nd floor (1028) is a 7 room single room occupancy (SRO) flat. 2 of the 7 rooms are occupied. 3rd & 4th floor (1030) are another SRO flats with 7 rooms each flat. There are 6 rooms occupied on the 3rd floor including the live in manager's room. 3 rooms are occupied on the 4th floor. This building needs some work, but has a lot of potential. Most likely the building is not financeable. Low rents with the current occupied rooms totaling at around $1,800 monthly excluding some of the tenants whom have not been paying rent. With a little imagination & creativity, this building can be a cash cow! Total 21 SROs plus full vacant 4 bed 1 bath flat! 11 of the 21 SROs are occupied.
