12/11/2007

San Francisco multi-family on the market for $11.3M

by

460 Natoma St.

Marcus & Millichap has placed a 20-unit live/work community in San Francisco, Calif., on the market for $11.3 million, or $560,000 per unit.

Marcus & Millichap's Trent Moore and James Simonson, both investment specialists, are representing the seller.

Built in 2000, the three-story condominium community is located at 460 Natoma St. in San Francisco's growing South of Market (SoMa) area, and features one and two-bedroom units. It is currently 100 percent occupied and contains 23,555 square feet. It is being sold with a 4.1 percent capitalization rate.

Address: 460 Natoma St., San Francisco, Calif.

Size: 20 units/23,555 square feet

Built: 2000

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Filed Under: Multi-Family

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