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505 Cypress Ave
South San Francisco, CA 94080 Downtown South San Francisco

$7,100,000 USD

Apartments For Sale  •  25,587 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,587 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1917
  • Cap Rate 5.10 %
  • Zoning C3
0 Transit Score
93 Walk Score

Highlights

Rare Investment Opportunity to Purchase a 45 Unit SRO Hotel 100% Leased to the County of San Mateo
This Project is a Collaboration Between the City of South San Francisco, Telecare Corporation and Behavioral Health and Recovery Services
10 Year Net Lease (Except for Fire Insurance & Real Property Taxes), which Commenced on March 1st, 2022, and Expires on February 28th, 2032
3.50% Annual Rent Increases
12,587 SF Building with 45 SRO Units on a 7,680 SF Lot
The Property is Located on Cypress Ave off Airport Blvd and Lux Ave, only 4.6 Miles Away from San Francisco International Airport

Property Flyers

Cap Rate: 5.10 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Oven
  • Tub/Shower
  • Pantry
  • Public Transportation
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
South San Francisco Caltrain Station Northbound (Express - Caltrain (Caltrain), Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 2 min 7 min 0.4 mi
San Bruno Caltrain Station Southbound (Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 5 min - 2.6 mi
AirportDriveWalkDistance
San Francisco International 8 min - 4.1 mi
Metro Oakland International 41 min - 28.2 mi
David Taxin 408-966-5919 Meacham Oppenheimer
David Taxin 408-966-5919 Meacham Oppenheimer