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2115 Hyde Street, San Francisco, Ca Vintage Charm with a Modern Feel

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2115 Hyde Street, San Francisco, Ca Vintage Charm with a Modern Feel 2115 HYDE STREET, SAN FRANCISCO, CA Trophy Apartment Building with 11 Units on Top of Russian Hill Vintage charm with a modern feel. Mark Bonn Mirella Webb Managing Director Senior Investment Advisor COMMERCIAL 415.614.4354 415.814.6699 [email protected] [email protected] lic.: 01008844 lic.: 01409540 INVESTMENT HIGHLIGHTS 2115 Hyde Street is a trophy multifamily property tucked away on top of Russian Hill. Situated on the Hyde Street trolley line and adjacent to the Alice Marble Tennis Courts, this is an unbeatable rental location with a multitude of amenities just a short walk away. The building was built in 1910 but the structure and all common areas went through significant upgrades the past 2 years. The building lends itself to TIC conversion as units turn over. There is also the possibility to add more units in the future in a similar way to unit 2125. This is a truly rare opportunity to purchase a well-maintained, pride-of-ownership property that still has significant upside potential. Upgrades include: 3 newly added units. New electrical service. Voluntary soft story retrofit completed. New exterior paint and water proofing. Half of all units have been completely remodeled with top of the line finishes. Updated, modern landscaping with new awning, lighting and foliage. Page 2 | 2115 Hyde Street, San Francisco PROPERTY suMMARY Building Area 10,421 per owner’s measurement Lot Size 7,217 Parcel Number 0095 031 Total Units 11 Residential 2 studio / 1 bath, 2 1-bed / 1 bath, Unit Mix 2 2-bed / 1 bath, 3 2-bed / 2 bath, 1 3-bed / 1 bath, 1 3-bed / 3 bath Electrical Separately Metered Gas Separately Metered Gas Wall Heaters, Electric Wall Heating Heaters or Forced Air Furnaces Hot Water Individual Water Heaters Construction Wood Frame Roof Shingle Laundry In Unit (for remodeled units only) Page 3 | 2115 Hyde Street, San Francisco FINANCIAL OVERVIEW EstimateD AnnuaL REVenue Scheduled Annual Gross Income $526,497 (Vacancy Factor 3.0%) $(15,795) Current Pass-Through Income $3,147 Potential Current Pass-Through Income $11,727 Laundry Income Est. $2,640 Adjusted Scheduled Gross Income $528,217 (Estimated Annual Expenses) $(154,119) NET OPEratING InComE $374,098 EstimateD annuaL EXPenses Real Estate Taxes (1.16%) $101,500 Property Insurance $8,050 PG&E $8,692 Water $10,500 Garbage & Recycling $3,250 Property Management (3.5%) $15,847 Pest Control $780 Repair/Maintenance (estimated at $500 per unit) $5,500 AnnuaL EXPENSES $154,119 % of expenses 29.3% Page 4 | 2115 Hyde Street, San Francisco RENTAL INCOME Unit Type Current Potential Market Sq Ft. Move-in Date Rent Pass-Throughs Rent 2115 3 bed / 1 bath $1,424 $142 $8,895 1,752 12/01/1980 2117 2 bed / 2 bath $3,040 $239 $6,895 1,305 08/01/2005 2119 2 bed / 1 bath $3,040 $239 $6,395 1,170 07/01/2006 2121 2 bed / 2 bath $2,900 $239 $6,995 1,407 04/01/1991 2123 3 bed / 3 bath $9,500 $- $9,500 1,275 short-term furnished 2125 2 bed / 2 bath $6,250 $- $6,250 900 vacant 2125A studio / 1 bath $2,950 $- $2,950 258 vacant 2125B 1 bed / 1 bath $3,950 $- $3,950 400 vacant 2127 1 bed / 1 bath $1,172 $117 $3,995 673 03/15/1983 2129 2 bed / 1 bath $6,500 $- $6,500 931 short-term furnished ADU studio / 1 bath $3,150 $- $3,150 350 vacant Monthly Income $43,875 $977 $65,475 10,421 Annual Income $526,497 $11,727 $785,700 Total Potential Income $538,225 Page 5 | 2115 Hyde Street, San Francisco NEIGHBORHOOD OVERVIEW Russian Hill is a quaint, upscale residential community known for the famously crooked Lombard Street, a major tourist destination. This charming area channels a San Francisco from the past—side- walks are replaced by hidden stairways and residents ride the city’s iconic cable cars. Because of the steepness of the hill, many streets, portions of Vallejo and Green streets, for example, are staircases. An- other famous feature of Russian Hill are the many pedestrian-only lanes such as Macondray Lane and Fallon Place, both with beautiful landscaping and arresting views including a number of city landmarks including the Golden Gate and Bay Bridges. Commercial stretches along Polk and Hyde Streets offer an assortment of trendy and old-school restaurants, bars and shops. Cozy cafes and local-favorite watering holes round out this reserved neighborhood’s cordial repertoire. Page 6 | 2115 Hyde Street, San Francisco AMENITIES Hyde St. Pier Historic Ships PIER 45 Pier 41 Hyde Street Pier Red & White FeFerrrry toto:: Fleet Fisherman’s Wharf Golden Gate Nat'l Aquariumq of AlcatrazAlcatraz IsIslandland V THE A Recreation Area E H 3 MBARCADERO thet Bay Pier 35 N Y D N E 39 E Cable JEFFERSON ST S S S POWE T T S Caar F O The MASON ST A Aquatic TA K V Cannery CK AnchorageBEACH ST E E Park JO YLOR A Shopping LL ST T PIER 33 FRANKLIN N R O 8 Center N ES ST 4 N PIER 31 Ghirardelliardelddellilil 18 Y F S 19 1 S S F o r t Square 30 T 15 T T M a s o n NORTH POINT ST S AY SST 14 ER S EST BAB PFEIFFERPFEIFFERIIFFE ST CHESTNUTCHH ST 7 19 2 TERTERRS SSTT ST A T CO WWA S ER FRANCIS ARDR I LOMBARDLOMB ST PIERP 27 3 39 PioneerPionP e 2 ST ER T ST 49 ParP k WICH I TNU MILE EEN PIERP 23 CHESTNUTCHES ST 20 GR 19 OSST SCENIC COITCOOITOITT NCISCOSCS LombLombarom ard DRIVE NORTH ER n e FRANCISCOFRA ST ARDRD SSTT ST PIERPI 19 StreetStS reet LOMBALOMB ToTowweerer T 17 S a n F o n COW BEACH H R 22 E PIERPIE 17 r E 5 HOLLOW TELEGRAPHEGRG A NNS ST M 1 21 ST UNIONUNIO ST ER 15ExploratoriuExExploratoriutorium ENWICHNWICNWWICHW CHS Washingtonashiaashhhiiinngtn onn B PIPI 101 16 GREENWICHGRE ST COLUMCOCO HILL A AAS SSTT RUSSIAN L SquarSquSquaare R 9 I KEARNYKE ST T L U 39 SF C G EEN ER M R RONTR ST A T G ST DAD PIPIER POWELLPO ST B 2 LBERT US R A ONONT D HILL I A FFILBERT ST O MASONM A R NTN E 101 M A VISV ST R TAT W N NY PPolPolkk SStreStreettrettreeteetett A VEV I O A E O SSS SON T T E S 7 LEL YL LEJO S FeFerrrry to:to: SausaliSaS usu a t O LL L S N N RussianRRussisiiaan HillH N S A R E V T LO A E H T T AVA O T T V T PIERPI LARKINLARKLA YDY V S R POLK ST D S E G LarkspurLarkspur & An 5 T T ENWORTHE ST Y S ST A T W E ST VAV S DWD NW O RROOA BAB B AN K T HornblowerHornblornbloweer FRANKLINF ST S A I M RA N NESS T T G 6 K NNS E TET VEV O A CruiCCrCruisesruiruisesses & EvEventsents OC C O NESSNNES S E IFICIFIF N C UnionU n S PAPAC LAGUNAL ST C T RT R RYR U 17 13 T SydneySyydneyydddneneey G K 1 BUCHANANBU ST A Y TAT Y StreetSt G L 10 R S UC ST GU A HHS WaWaltonltontoon SquaSq arere E I S N CityCi LightLighthts S H AVA PI C VIAVIV ST T U L S E T V N HA S TUN Booksooksook N S T Y TUNN A A T E W T ROAD A B S N T 7 S 12 A T T TTON S NNS 11 9 CHINATOWN WWAASHINGTONSHINNGG ST FeFerrrry S T nt TrTransamericansaammemericaerica PyramiPyramidammid b deero Center CLC AYAYSY SSTT EmbarcaderoEmbarca Center F 19 T 30 IAL S F C AVA R U ST MMERCIALMME ST RONTR CO V JustinJuJ ti Restaurant & Bar KConvenienceSOONO & Grocery Stores Banks & ATM’s Other ONTO M J JACJACKSON ST ISI ST NT SSS HermanH M T 49 FINANCIAL DISTRICT 14 S H MILE T PlazPPlaaza STS T STEUS ST A E ON NI S T INGTONGT ST SCENIC IFOFORRN E E ASHIASH AL T S U M W NOB DRIVE MOM C T ARTA ST B K A 1. Gary Danko 11. Blue Fog MarketHILL 16. Chase Bank 20.E Cobb’sNNTGOME Comedy Embarcadero S R T STOCKTONS A T AYAYYS SST GraceGracea CathedCathedralral TG C CL TO ST POWELLPPO E R NEN JO PI A O O NYN 2. Frascati 12. Walgreens 17. Bank of America C 21. Alice Marble Tennis DED L a f a y e t t e T WEW ME I S Y OOS KTONKTK E MMEENTNT C 5 A 38 R E T S T P a r k SACRAMSACRSACRA R H S S O T YYS BUSH 3. Scoma’s 13. Cole Hardware 18. B of A ATM S ChinatownCChhinnaatowo22.n Playground D T 5 S S SST DragonDragagongoonn GateG t ARAARD ST G T T T STS W 4. Surisan 14. Trader Joe’s 19. Wells Fargo STST N OWO N 5. Swensen’s Ice Cream 15. Safeway 6. Mezcalito 7. House of Prime Rib 8. Buena Vista Cafe 9. Nick’s Crispy Tacos 10. La Folie Page 7 | 2115 Hyde Street, San Francisco Confidentiality and disclaimer The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Compass Com- mercial from sources it deems reasonably reliable.
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