• For sale
For Sale

For Sale

$10,150,000 USD

Colliers International is pleased to present 501 Grant Ave & 614 Pine Street, San Francisco, CA for purchase. This 5-story
corner building was constructed in 1908 and features a brick façade with decorative accents that compliment the vibrant
colors of Grant Ave.
Located on the border of Downtown San Francisco and the Financial District, 501 Grant Ave & 614 Pine Street is a 60
Unit SRO-Hotel with five commercial spaces. Twenty-two (22) of the SRO Units are designated as tourist licenses by the
City of San Francisco and can be rented on a nightly basis.
The current ownership has done a fantastic job modernizing the building, remodeling 25% of the residential units to feature
grey vinyl plank flooring, new granite counter tops, white cabinitary and refridgerators. Each floor of the property contains
a community kitchen with stainless steel sinks, cooking hoods and electric stove tops. The residents also share two
bathroom facilities per floor which feature two toilet stalls and a shower (floors 2 & 4 have an extra toilet and shower).
501 Grant Ave & 614 Pine Street are outfitted with 1200 AMP 3-Phase Power that is housed in the basement of the property.
The building systems are in excellent condition - a new roof was installed in 2013 and a Mighty-Therm boiler system
last year.
Just steps from the financial district, 501 Grant Ave & 614 Pine Street provides tenants with easy access to the CBD, Union
Square and all local public transportation. The property is adjacent to the prestigious Ritz-Carlton Hotel and the Dragon’s
Gate at the entrance of San Francisco’s historic China Town. For the investor, this is an unprecendented opportunity to
acquire a well-maintained asset in the heart of San Francisco’s Downtown District.

Property Details