655 Hyde St

Nestled in the heart of San Francisco, this vibrant neighborhood is a prime location for multifamily and high-rise investment. Just a stone's throw away from the property, residents will find a dynamic mix of cultural attractions, world-class dining, and renowned landmarks, including the iconic San Francisco Bay, the historic Cable Cars, and the bustling Fisherman's Wharf. With its proximity to tech and innovation hubs, this area offers an exciting opportunity for investors seeking a premium location with unparalleled access to urban amenities and a rich tapestry of local culture.Urban Capital is pleased to present 655 Hyde Street, a 14-unit multifamily asset located in Nob Hill. This well-maintained building features an elegant arched entry, ornate cornice work, and other period detailing. The property is 100% occupied and delivers a 5.1% cap and 10.69 GRM on in-place income, with an efficient (8) studio and (6) 1-bedroom unit mix, supplemented by additional income streams from existing RUBS program, and newly constructed on-site laundry. Primely located to benefit from the downtown employers driving San Francisco's hiring recovery, the building's 98 Walk Score puts residents steps from Whole Foods, Trader Joe's, and the neighborhood's best dining and retail. Priced at $239K/unit and $422/SF with over 35% rent roll upside, 655 Hyde offers a low-basis entry into a recovering market with significant turnover-driven rent growth and low repositioning risk.