- For sale
531 Hyde Street is a concrete and steel apartment building; comprised of sixteen units (9-studios, and 7-one bedrooms/1 bath units). The 11,748 square foot building was constructed in 1923 and occupies a mid-block lot between Geary and O’Farrell Street in the Downtown neighborhood of the San Francisco. The property is a short distance to Union Square and a brief walk to the “Central Business District”. The City’s architectural history has been preserved and is on display in this area, as it is home to San Francisco’s most appealing construction.
Restaurant and shopping options are abundant in the areas of Union Square, Polk Street, Civic Center, Market Street, Van Ness Avenue, and the Central Business District. A variety of public transit systems (Bart & Muni) are easily accessible at Powell Street and Civic Center/UN Plaza station.
The building is separately metered for gas & electricity and equipped with 400 amp service. The apartments are steam heated by an older boiler system. The common areas and exterior of the building are well tended to and clean. The large units feature hardwood/carpet flooring and large windows that allow plenty of light to flood into the apartments. There are two (2) coin operated washers & dryers for the convenience of the tenants. The building is not on the City of San Francisco soft-story list.
For the investor, this is an opportunity to acquire a well maintained, centrally located asset with upside through unit turn over and/or unit conversion. There is a large store room in the west side of the building that offers excellent accessory dwelling unit potential.