1499 Guerrero St

Located on the border of Noe Valley, 1499 Guerrero St sits on the same block as Sutter Health’s CPMC Mission Bernal Campus hospital. The 24th Street corridors of Noe Valley and the Mission are a short walk away, with the J Church Muni line and the 24th Street Mission BART station nearby.1499 Guerrero Street is a six unit apartment building at the corner of Guerrero and 27th Street on the border of Noe Valley, offered at $1,950,000, or $325,000 per unit and $469 per square foot. The offering is priced at a 6.0% Cap Rate on current net operating income of $117,128 and a 10.84 GRM on total scheduled income of $179,844. The unit mix comprises three studios, two one-bedroom apartments and a one-bedroom plus den across 4,157 square feet of building area on a 2,225 square foot corner lot. The building is fully occupied, and five of the six tenancies began in 2023 or later. Three garages sit at street level, two of them leased separately, and the building has owned coin-operated laundry. Built in 1900, the building is wood frame over a concrete foundation and retains that period’s character, including the original stained glass transom at the Guerrero Street entry. The soft-story seismic retrofit was completed in 2016 and the modified bitumen roof was replaced in 2013. Gas and electric are separately metered to the units, and heat is provided by gas wall heaters. The property has a secured lobby entry and local fire monitoring.