5625 Mission St - Apartments FOR SALE


San Francisco, CA 94112
$2,200,000 USD
650-279-1329
5625 Mission St, San Francisco, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/70
null | 4.82% Cap Rate

5625 Mission St
San Francisco, CA 94112


HIGHLIGHTS

  • $175,000 Price Improvement. Price Per Unit is $275,000.
  • Location close to SF Muni, BART and major freeways.
  • First time on the market for sale.
  • Garage parking with two entrances.
  • Great asset for a buyer in an existing 1031 Exchange.
  • Currently all eight apartments are 100% Occupied

OVERVIEW

$175,000 Price Improvement. Please see 3R Report for completed "Soft Story Retrofit", per Chapter 34B -SFBC-CFC 8FD. Required Upgrade Completed of the Mandatory Earthquake Retrofit of Wood Frame Building Program. New electrical upgrades are in progress. Please do not go direct or disturb tenants. 5625 Mission Street is an 8 Unit apartment building with One Bedrooms and One Bath apartment units in an approximately 6,044 Square Foot building located on an approximately 3,336 Square Foot lot. This is a two Story building with (8) Eight Garage Doors and Parking Spaces in attached garages. There are two secure gated entrances which are located both on Mission Street and Morse Street. Each apartment unit is separately metered for gas and electricity for lower operating expenses. Professionally managed. There is natural light throughout the property with some units having skylights. The location of the property provides accessibility to bus transportation on Mission Street and close proximity to both the BART Balboa and Glen Park Stations. Easy commute to nearby hospitals, universities, schools and major employers located here in the City of San Francisco and the San Francisco Bay Area. This is the first time that this property is available for sale. Please do not go direct or disturb tenants. Email Listing Agent for Disclosure Package and Property Inspection Reports Completed. Seller has completed property inspections including Pest, Property and Roof. There is clearance with completed San Francisco 3R Report, Energy Water and Conservation and Tank reports. Estoppel Certificates for each tenant will be provided. Each of the eight apartment units are separately metered for gas and electricity keeping operating expenses low. Professionally managed. Currently all eight apartments are 100% Occupied. Please Contact listing broker Steve Bianchi for any questions 650-279-1329. Pre escrow is opened with Stewart Title Company Escrow # 23000300024. Thank you for your interest. Email Listing Agent for Disclosure. Package and Property Inspection Reports Comp

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

4.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Electrical Upgrades Ongoing- Price Adjustment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

NC2

APN/PARCEL ID

6470-001C

ASK ABOUT THIS PROPERTY

Steve BianchiRealty World - Bianchi & AssociatesMore Info
650-279-1329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steve BianchiRealty World - Bianchi & AssociatesMore Info
650-279-1329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.