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1501 California Street

$6,200,000
1501 California Street, San Francisco, CA 94109
1501 California Street

1501 California Street

$6,200,000

The property is located at 1501-1515 California at Larkin Street. It consists of 39 rooms over 3 Ground floor retail units. This offering is COPA compliant. This is an excellent opportunity for an owner user to acquire a fully renovated and mostly vacant SRO Residential licensed property. Potential users include corporate housing for a local company or an investor with a master lease for operating the units for a group housing use. The Dorel Hotel is a Single Residence Occupancy Hotel with Residential licensed rooms. The Certificate of Use indicates 36 Residential units. The RRR indicates One Family Dwelling & 36 guest rooms. The Annual Unit Usage Report indicates 39 Rooms. See thedorelsf.com for detailed marketing now in place for the residential units. All of the residential units are small (average 160 square feet), with an open living area and private bathroom (sink, shower and toilet) in each unit. The rooms are partially furnished, with a sofa, Murphy bed, mini-frig.

Features & Amenities

Exterior

Lot Features None

Area & Lot

Status Sold
LIVING SPACE 9,800 Sq.Ft.
LOT SIZE 2,696.364 Sq.Ft.
MLS® ID 499529
Type Multi-Family
Year Built 1907
HIGH SCHOOL San Francisco

Financial

SALES PRICE $6,200,000

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