74 Crestline Dr

San Francisco, CA 94131

\

For Sale

$6,995,000

12 units 

Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve.​ No neighbors behind, and panoramic views of SF Bay and the City in the front, highly accent this exceptional property with a Value Add component.​
Recent turnovers have allowed the income to drastically increase for the forthcoming year.​ Six units have been beautifully remodeled.​ Seller retiring and exchanging into a more passive income stream.​ One owner to keep his unit at a reduced rent amount.​ Currently stays 1 week per month.​
TWO ADDITIONAL DWELLING UNITS MAY BE ADDED TO MAKE IT 14 UNITS.​ Similar neighboring properties have converted carports to new, additional dwelling units (ADU’s).​

 

Investment Highlights

  • ​One of kind Location…second to none.
  • ​1031 Exchange.
  • ​Higher rents than the surrounding area due to location and views.
  • ​Very Well Maintained, warm comfortable atmosphere and vibe.
  • ​6 Garages, 6 Large Covered Carport Spaces, Lots of Street Parking, 2 extra spots downstairs.
  • ​New Lighting.
  • ​New Common Area Interior Paint and Artwork.
  • ​Large Laundry Room can be converted to other amenities. Untapped income streams.

 

Click HERE to view the offering memorandum.

Status

For Sale

PROPERTY TYPE

Multifamily

INVESTMENT TYPE

Value Add

NET RENTABLE (SF)

9,544

CAP RATE

2.98%

occupancy

100%

Pro-forma noi

$312,493

avg. rent/unit

$2,401

year renovated

2019

stories

3

square footage

9,544

price/sq ft

$732.92

year built

1965

zoning

RM1

parking spaces

12

PRICE/UNIT

$582,916.67

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Interested in more information? Contact me today!

1 + 1 =

robyn wonnell

Multifamily Specialist

Phone

(951) 501-6567

Email

socalapartments@kwcommercial.com