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
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Interested in more information? Contact me today!
robyn wonnell
Multifamily Specialist
Phone
(951) 501-6567
socalapartments@kwcommercial.com