370 Ellis St is located in the Tenderloin Dist of San Francisco. Abundant transit lines pass through the neighborhood, allowing residents to get anywhere in the city due to it's core location. The asset is also located near the rapidly changing and improving Mid-Market area of San Francisco and is within walking distance to High Tech companies such as Twitter, Zinga, Yelp, Square, and many others, as well as, Union Square and the Downtown Financial Dist.The building is comprised of twenty seven (27) Studio/1 bath units. Priced at $3,996,000 (9.21 GRM, 5.92% Cap Rate & $148,000 per Unit. Once stabilized a 13.75% cash on cash return can be achieved. This property offers an investor immediate rental upside and substantial appreciation.
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