MULTIFAMILY
45 Unit SRO - 100% Leased to the County of San Mateo
505 Cypress Ave, South San Francisco , CA 94080
505 Cypress Ave, South San Francisco , CA 94080
- Rare Investment Opportunity - 45 Unit Single Room Occupancy Hotel (SRO) Leased to the County of San Mateo.
- This Project is a Collaboration Between the City of South San Francisco, Telecare Corporation and Behavioral Health and Recovery Services, Aims to Improve the Quality of Housing for 45 Adults Living in this SRO Hotel.
- 10 Year Net Lease (Except for Fire Insurance & Real Property Taxes), which Commenced on March 1st, 2022, and Expires on February 28th, 2032.
- 3.50% Annual Rent Increases.
- 12,587 SF Building with 45 SRO Units on a 7,680 SF Lot.
- Built in 1917.
- Located in the DRC – Downtown Residential Core Zoning Designation.
- The Property is Located on Cypress Ave off Airport Blvd and Lux Ave, only 4.6 Miles Away from San Francisco International Airport.
David provides his clients with strategic advice to help create and grow wealth through commercial real estate investments.