Phone: (415) 288-7848 or (415) 288-7847
2737 Sutter St
Lower Pacific Heights

2737 Sutter Street
San Francisco, CA 94115
Price: $2,037,000
Number of Units: 13
GRM: 13.37
Annual Gross Income: $190,656
Building Size: 10,191 Sqft
Lot Size: 6,030 Sqft
Year Built: 1905
Status: Sold

Map Location

2737  Sutter  Street is a 13-unit apartment building built in 1905 (per tax record) and located in the Lower Pacific Heights neighborhood of San Francisco.  The property  occupies a mid-block  lot between Presidio Avenue and Lyon Street.

 

Lower Pacific  Heights is  a centrally  located  neighborhood   bordering  Pacific  Heights,  Presidio  Heights,  Jordan Park/Laurel Heights, Anza Vista and the Western Addition.  Charming older Victorians still abound in this area and there  are vibrant commercial districts on Divisidero, Fillmore and California  Streets within walking  distance. The property  is blocks from the well known  Japan Town and the Japan Center  which  opened in 1968 as a  shopping, dining and entertainment  center. The property   is also close to many of the city’s  parks, recreation  areas and the University of San Francisco. In addition,  there is very easy access to public transportation.  Since the 1980's and 1990's, the area has become more upscale with the escalation of San Francisco property  values.

 

The building  is three stories of wood-frame construction built over a concrete foundation.  The common areas of all floors are sprinklered.  It has a unit mix of four-3 room/one-bath  units and nine-4 room/one-bath  units. There is a 100 amp electrical service (smart meters) with circuit breakers located off the tradesman entry of the building. An older foam roof  appears to be in serviceable condition  and housing a dormant  solar water heating system (dormant  tanks in basement). Laundry  room hook-ups  are located  in the basement  area of the property. The building consists  of predominantly copper plumbing throughout the building. A water heater and newer 119 gallon storage tank provides hot water to the units.

 

The  units  average 780+/-  square feet and feature a combination of hardwood/carpet/ wood laminate floors in the living areas, with bedrooms that surround the kitchen  and dining area. The bathrooms  are large but cosmetically dated; linoleum floors, cabinet  sinks  and clawfoot  bath/shower  combinations  are prevalent  throughout   the units. The Kitchens feature painted wood cabinets, Formica and wood counter tops, aluminum  sinks, gas stoves/ovens  with self- ventilating  hoods and single door refrigerators. All the units are separately metered  for gas and electricity.  A modern boiler and steam heat radiators provide heat to the building.

 

For the investor, this property  provides the opportunity to acquire  a property   with phenomenal  income  upside potential in one of San Francisco’s finest rental areas

 

Note:  The  Sale of 2737 Sutter Street is subject to court approval and potential overbid

Please see the attachment for Hearing Date and Hearing Location Details




Contacts

James Devincenti
j.d@colliers.com
CA Lic#: 00951916

Brad Lagomarsino
brad.lago@colliers.com
CA Lic#: 01058500

Brochures

Marketing Package

Questions?

Tel: (415) 788-3100

j.d@colliers.com
brad.lago@colliers.com

101 Second Street
11th Floor
San Francisco, CA 94105