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Sold for $3,825,000 Sold

565 Page Street
San Francisco, CA 94117

Multi Family Home
3049 sq ft - MLS# ML81724930
Property Photo

Sold

Sold for $3,825,000 on Oct 29, 2018

Description

Amazing opportunity! Pride of ownership 7 unit building owned & well maintained by the same family for over 64 years in a AAA location in Hayes Valley between Lower Haight, Duboce Triangle & Alamo Square. This 4 story wood-framed building has a concrete foundation, is individually PG&E metered for each of the seven 2BR/1BA flats. Three of the 7 units to be delivered vacant (4th unit vacated by 12/31/18), bonus garden-side ADU expansion potential down, 1 car garage, double-pane windows, wood floors, updated kitchens & full baths . Excellent history & profile; not on Soft Story list, no evictions, no owner move-ins, no Ellis Act or buy-outs. Cap rate 4.69% w/ 15.09 GRM. Excellent investment opportunity with income & upside potential in rents.

Features

  • Age: 104
  • Annual Gross Sched Income: $231,660
  • Annual Rental Inc: 231660
  • Annual Utility Expense: $900
  • Cooling: No Air Conditioning
  • County/Area: San Francisco County
  • Equipment Additional: Fire Sprinklers
  • Existing Lease Terms: Month To Month
  • Exterior: Dual Pane Windows
  • Heating: Gas
  • Listing Status: Sold
  • Lot Size: 0.0700
  • Lot Sq Ft Apx: 3249
  • Operating Expenses: Accounting/Legal, Janitorial, Trash Removal
  • Property Type: Multi Family Home
  • Sold Date: 2018-10-29 00:00:00
  • Sold Price: 3825000
  • Sub Type: Multi Family Home
  • Tenant Pays: Electric, Gas
  • Water/Sewer: Sewer System - Public
  • Year Built: 1914
  • Zip Code: 94117
  • Zoning: RM1

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Newark, CA 94560
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Over the years, Pacific Realty Partners have helped plenty of clients and partners realize their real estate projects. Our company is a real estate brokerage firm licensed in the state of California BRE#: 01859043.

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