1 2409 Sacramento Street, San Francisco, Ca 3 Unit Mixed
Total Page:16
File Type:pdf, Size:1020Kb
1 Presented by The Hooper Group 2409 SACRAMENTO STREET, SAN FRANCISCO, CA 3 UNIT MIXED USE BUILDING | $3,495,000 2 2409 SACRAMENTO STREET The Opportunity Zephyr Real Estate is pleased to present the opportunity to acquire 2409 Sacramento Street, a 3 unit mixed-use building in the proclaimed district of Pacific Heights. Spanning 4,069 sq ft (per graphic artist) and over 3 floors, this opportunity is only half a block to the prime location of Fillmore Street. The property is offered at $3,495,000. All offers to be submitted to the exclusive listing agent: The Hooper Group Tyron Hooper 415.728.2294 [email protected] Lic# 01788530 The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 3 2409 SACRAMENTO STREET Rent Roll APPROX. CURRENT MARKET LEASE LEASE UNIT TYPE SQ. FT. RENTS RENTS DATE TERM 2409 A Sacramento Top 2 floors 1,294 sq. ft. * $5,359 $7,000 Aug-14 Jul-19 2409 Sacramento Unit 1 - Ground Floor Front Vacant 825 sq. ft. * $5,141 $5,000 Vacant Vacant 2409 Sacramento Unit 2 - Ground Floor Rear Accupuncture 1,681 sq. ft. $4,372 $6,000 Jan-10 Dec-19 Lobby 270 sq. ft. Monthly Rent $14,872 $18,000 Annual Rent $178,464 $216,000 * Most recent rent for Unit 1 - Ground Floor Front * Market rent for 2409 A Sacramento - This space could be used for a variety of uses from Private Offices to Residential The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 4 2409 SACRAMENTO STREET Income & Expenses ESTIMATED ANNUAL BUILDING EXPENSES NOTE Building Property Tax (2018-2019 rate 1.63%) $40,647 Calculated on Sales Price Building Insurance $1,218 Based on 2017 Expenses Utilities: Gas & Electric $4,200 Based on 2019 Expenses Utilities: Water $2,700 Based on 2019 Expenses Utilities: Garbage $3,200 Based on 2019 Expenses Janitorial Services - Maintenance & Repairs $11,800 Off-Site Management - Owner Managed Reserves - Estimated Annual Building Expenses $63,765 CURRENT ANNUAL INCOME SUMMARY MARKET ANNUAL INCOME SUMMARY Project Gross Annual Income $178,464 Project Gross Annual Income $216,000 Less Estimated Vacancy 5% $8,923 Less Estimated Vacancy 5% $10,800 Effective Gross Operating Income $169,541 Effective Gross Operating Income $205,200 Less Estimated Annual Expenses $63,765 Less Estimated Annual Expenses $63,765 Effective Net Operating Income 105,776 Effective Net Operating Income $141,435 The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 5 2409 SACRAMENTO STREET Investment Summary Price: $3,495,000 Units: 3 Square Footage: 4,069 (per graphic artist) Price/Sq. Ft.: $858.93 Current GRM: 19.58 Market GRM: 16.18 Current Cap Rate: 3.03% Market Cap Rate: 4.30% Investment Highlights • Prime Pacific Heights Location • 1/2 Block to Fillmore • Vacant Front Unit Ground Floor • Upside Potential • Potential to convert Upper 2 levels to Residential The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 6 2409 SACRAMENTO STREET The Property Spectacular Opportunity to own 2409 Sacramento. This 3 story mixed use Victorian is currently used as office and commercial space. This Pacific Heights 3-unit property is located in one of the City’s most desirable neighborhoods, just steps from the famed Fillmore District. The bottom floor boasts 2 commercial spaces, one currently vacant, and the 3rd unit is the top 2 floors of the Victorian, housing a full kitchen, one and a half baths, and washer and dryer. The property has the potential to convert back to residential mixed use and/or develop the top 2 stories. Location Pacific Heights is part of the northernmost section of San Francisco, an area of the city known for its rich history. It also bears a reputation as contemporary, hip, and upscale—a perfect balance between the old and the new. Address Year Built Cutting through the middle of the neighborhood north to south 2409 Sacramento Street 1900 is Fillmore Street, known for its upscale boutiques, destination restaurants, sidewalk cafes, and trendy bars. This strip is straddled APN Number of Stories by two parks: Lafayette Park and Alta Plaza Park are both bubbling 0636-031 3 public green spaces that neighborhood residents and other locals are drawn to for relaxation and people watching. Building Area (per graphic artist) Water Meter 4,069 Sq. Ft. One for Whole Building History, charm, flair, and unparalleled panoramic views of the San Francisco Bay and the Golden Gate Bridge combine to make Pacific Lot Size (per tax records) Electric Meters 3,381 Sq. Ft. One for Top 2 Floors Heights a magnet for the affluent looking to put down new roots & One for Ground Floor someplace rich in more ways than one. The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 7 2409 SACRAMENTO STREET The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 8 2409 SACRAMENTO STREET Floor Plans The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 9 2409 SACRAMENTO STREET Nearby Amenities 2409 Sacramento Street 1 B. Patisserie 2 Property Bakery 2821 California St, San Francisco 2409 Sacramento St, San Francisco (415) 440-1700 bpatisserie.com Peet's Co ee & Tea 3 Pizzeria Delfina 4 Co ee Shop Pizza 2197 Fillmore St, San Francisco 2406 California St, San Francisco (415) 563-9930 (415) 440-1189 pizzeriadelfina.com 13 Mollie Stone's Markets 5 La Méditerranée 6 Grocery Store Mediterranean 3 10 9 2435 California St, San Francisco 2210 Fillmore St, San Francisco (415) 567-4902 molliestones.com (415) 921-2956 cafelamed.com 6 7 15 California Pacific Medical Center 7 Salt & Straw 8 12 Hospital Ice Cream 8 2201 Fillmore St 11 2333 Buchanan St 16 1 (415) 600-6000 (415) 829-2803 saltandstraw.com 14 4 2 Lafayette Park 9 Clay Theatre 10 Park Indie Movies 5 2000 Sacramento St, San Francisco 2261 Fillmore St, San Francisco sfrecpark.org/destination/lafayette-park/ (415) 267-4893 Fresca 11 D&M Wines and Liquors 12 Peruvian Liquor Store 2114 Fillmore St, San Francisco 2200 Fillmore St (415) 447-2668 frescasf.com (415) 346-1325 dandm.com Jackson Fillmore 13 move-sf 14 L'Occitane en Provence 15 Presidio Branch Library 16 Italian Gym Cosmetics Library 2506 Fillmore St, San Francisco 2863 California St 2207 Fillmore St 3150 Sacramento St (415) 346-5288 jacksonfillmoresf.com (415) 875-9486 move-sf.com (415) 563-6600 t.co/B8bObMLS6E (415) 355-2880 sfpl.org The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com 10 2409 SACRAMENTO STREET Disclaimer The information contained herein has been provided by various sources which are deemed reliable, but not guaranteed. Zephyr Real Estate has not verified or investigated the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the property and the information contained herein, utilized licensed professionals where appropriate, before purchasing this property. The Hooper Group • Tyron Hooper • 415.728.2294 • [email protected] • 2523 California St, San Francisco, CA • ZephyrRE.com.