74 Crestline Dr - Apartments FOR SALE


San Francisco, CA 94131- Twin Peaks
$6,995,000 USD
951-501-6567
74 Crestline Dr, San Francisco, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/42
null | 4.18% Cap Rate

74 Crestline Dr
San Francisco, CA 94131
Twin Peaks


HIGHLIGHTS

  • KILLER VIEWS - Overlooks San Francisco Bay and Downtown - Market Street - Nature Reserve on west side behind property
  • HIGHER RENTS DUE TO RECENT TURNOVER AND EXCEPTIONAL LOCATION VIEWS & MGMT
  • AWESOME REHABS - Property Well Maintained! Better than anything around it. Come look inside by appointment.
  • VALUE ADD - RENT INCREASE ON 3 UNITS Long term senior residents in the 4 below market apts. - Consider buy outs
  • SPACE FOR NEW AMENITIES PLUS SPACE FOR 2 ADU'S
  • VALUE ADD OTHER INCOME POTENTIAL - totally untapped, can add washer dryers or more machines in laundry room, pet rent, has space for more amenities

OVERVIEW

NOI is currently 292,124 with current expenses. Current Owner occupies one unit for approximately 1 week per month and does not pay rent. New rent is negotiable with offer. Call/Text 951) 501-6567 or email Socalapartments@kwcommercial.com for Updated Offering Memorandum. Trophy Location at the top of Twin Peaks. Everyone loves it there. Higher rents even during pandemic....Killer Views, Excellent Condition. 6 Remodels in 2020/21! 3 Remodels in 23/24. Huge rental income increases. UNITS RENT THEMSELVES DUE TO EXTRAORDINARY VIEWS AND LOCATION. LARGE VALUE ADD FOR 4/12 OF THE UNITS UNITS BEAUTIFULLY REHABBED! LARGE VALUE ADD FOR OTHER INCOME! (OTHER INCOME UNTAPPED) ADDITIONAL DWELLING UNITS POTENTIAL (2 ADU's possibly. Next door Neighbor has completed one very nicely) EXCELLENT LOCATION FOR CITY AND SUBURBAN LIVING and.... BRINGS HIGHER RENTS SOFT STORY RETROFIT COMPLETED PASS THROUGHS IN PLACE Senior Owner to Lease Back One Unit on Long Term Lease at negotiable rent. Currently does not pay rent. See aerial video with unit interior. https://virtualtourcafe.com/3980548 Roof work completed after video...

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$733 USD /SF

# OF UNITS

12

PRICE/UNIT

$582,917

CAP RATE

4.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM1

APN/PARCEL ID

2845-004

ASK ABOUT THIS PROPERTY

Robyn WonnellSoCal Apartment Brokers, Inc and KW CommercialMore Info
951-501-6567

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Robyn WonnellSoCal Apartment Brokers, Inc and KW CommercialMore Info
951-501-6567

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