Sheleneatanacio.com
Price Reduction
Address
6 Nottingham Pl San Francisco, CA
Price
$ 2,600,000
Property Attributes
  • MLS#421600988
  • TypeMulti-Family
  • CountySAN FRANCISCO
  • CitySan Francisco
  • AreaFinancial District-B
  • NeighborhoodFinancial District-B
  • Zip94133
  • Style
  • Price$ 2,600,000
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3045
  • Lot Size1,098 SqFt
Listing Provided Courtesy Of:
Marcus & Millichap
Data Source:
San Francisco AOR (SFMLS) - 154 - CA
Property Description

5.26 Cap, 8.13% Total Return, 8 of 11 Bedrooms leased! Nottingham Place is an eleven bedroom suite co-living community in the historic North Beach neighborhood of San Francisco. It was renovated from the studs in 2017 and transformed into a beautiful property with modern amenities, while keeping San Francisco's classic charm. Co-living communities offer fully furnished room rentals at affordable rates. The property is master leased for two years on a percentage basis with Bungalow, a professional co-living community operator. Bungalow's mission is to minimize property management headaches and maximizing the owner's income with their full service management style from leasing to maintenance. The lease delivers 92% of the rent to the owner. Bungalow pays for all operations, leasing, and marketing. Owner pays property taxes & insurance. This lease structure provides rental upside to the seller with security of a trusted lessor.

Price History
10/4/2021 Listed $2,975,000
12/4/2021 13% - $2,600,000

General Features

Association Y/N No
Levels Three
Lot Size Square Feet 1098
MLS Area SF District 8
Property SubType Triplex
Property Type Residential Income
PropertyCondition Updated/Remodeled
Subdistrict Financial District/B
Subtype Description Apartments
Total Rooms 15
Total Units 3

Interior Features

Furnished Units All Units
Living Area 3045
Unit 1 Bedrooms 2
Unit 1 Description Property is master leased to proven operator of co-living buildings
Unit 1 Rent 1
Unit 1 Sqft Source Not Measured
Unit 2 Bedroom Units Total 1
Unit 2 Bedrooms 4
Unit 2 Description Units are not measured. Property is master leased to proven operator of co-living buildings
Unit 2 Sqft Source Not Measured
Unit 3 Description Units are not measured. Property is master leased to proven operator of co-living buildings
Unittype4bedroomunitstotal 2

Exterior Features

Lot Features None
Lot Size Acres 0.0252
Lot Size Units SqFt

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94133

Price
AVG $3.99M
$2.6M
Visits
AVG 7
2
Year Built
AVG 1914
1909

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