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1499 Guerrero Street is a 6 unit apartment building located at the edge of of Noe Valley at the corner of Guerrero and 27th Street. The property is offered at $1,950,000, or $325,000/unit and $469/sq ft. The asking price reflects a 6.0% Cap Rate and a 10.84 GRM on scheduled gross income of $179,844. The unit mix includes three (3) studios, two (2) one-bedroom units and a one (1) large one bedroom plus den, totaling 4,157 square feet on a 2,225 square foot corner lot. All six units are occupied. There are three garages at street level, two of them leased separately. The coin-operated laundry equipment is owned. Originally built in 1900, the wood-frame building sits on a concrete foundation and keeps its original stained glass transom over the Guerrero Street entry. The soft-story seismic retrofit was completed in 2016, and the modified bitumen roof was replaced in 2013. Gas and electricity are separately metered, and units are heated by gas wall heaters. The lobby entry is secured.
Listing courtesy of Cris Lamas, from Urban Capital SF
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