1133 S Van Ness Avenue

OFFERING MEMORANDUM MISSION DISTRICT REDEVELOPMENT SITE

1133 S VAN NESS AVENUE SAN FRANCISCO, CALIFORNIA CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

SPECIAL COVID NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the un¬predictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involv¬ing the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

TRAMMELL GROUP EXECUTIVE SUMMARY

1133 S VAN NESS AVENUE SAN FRANCISCO, CA 94110

SALE PRICE: $6,000,000

Current Use Nursing Home

Site Size 11,500 SF

Site Width 115 Feet

Site Depth 100 Feet

Block/Lot Number 3638/034 RH-3, Residential House, Zoning Designation Three Family Height/Bulk Districts 50-X

Cross Street 22nd Street

EXCELLENT PROXIMITY TO 40+ UNITS PERMITTED IF USED FOR LESS THAN ONE-THIRD MILE TO GROCERY STORES, DRUG STORES, SENIOR HOUSING 24TH STREET MISSION BART SCHOOLS, AND PARKS STATION

1133 S VAN NESS AVE, SAN FRANCISCO 3 INVESTMENT HIGHLIGHTS

EXCELLENT ACCESS TO RETAIL AND SERVICES The subject property is a short walking distance to supporting services. Grocery Outlet is one block south of the property and Walgreens is two blocks west of the site. There are numerous convenience stores and smaller markets in the neighborhood, along with restaurants, banks, shops, and personal service providers. Additionally, there are two park/playgrounds within two blocks of the property, the Mission Recreation Center is five blocks away, and Mission Dolores Park is less than one mile from the site.

PROXIMITY TO PUBLIC TRANSIT AND REGIONAL TRANSPORTATION 1133 South Van Ness Avenue is three blocks from the 24th Street Mission BART station at the intersection of Mission Street and 24th Street, which is about five minutes’ walking distance. Three routes of the SF Muni bus service also stop at this intersection—14, 14R, and 49. These routes provide access along the Mission Street corridor to the Financial District and also along the Van Ness corridor to North Beach. There is an interchange with US Highway 101 about one mile east of the site at Cesar Chavez Street.

REDEVELOPMENT POTENTIAL The site has a zoning designation of RH-3, Residential House, Three Family. Under this zoning designation, the property could be split into four lots measuring 2,500 square feet each. The lots can each be developed with three dwelling units. Additionally, each lot can accommodate two accessory dwelling units. If the site is used for affordable housing or senior housing, the zoning ordinance allows for double the number of permitted units.

DEMOGRAPHIC PROFILE The area within one mile of the site has seen a 9.8% increase in population over the past ten years, with an 11.6% increase in households over the same time period. The neighborhood has a strong income demographic profile—the median household income is $143,134. This is a major shift from the income demographics of the area ten years; in 2010, the median household income was estimated at $74,898. Many low-income households have been displaced and there is a need for affordable housing to prevent further displacement.

4 1133 S VAN NESS AVE, SAN FRANCISCO REGIONAL AND LOCAL MAP

SUBJECT PROPERTY

1133 S VAN NESS AVE, SAN FRANCISCO 5 PARCEL MAP

6 1133 S VAN NESS AVE, SAN FRANCISCO AERIAL MAP

DUBOCE TRIANGLE

MISSION DISTRICT POTRERO HILL

MISSION

DOLORES MISSION STREET PARK

JOHN O’CONNELL SUBJECT PROPERTY HIGH SCHOOL SF GENERAL HOSPITAL

CESAR CHAVEZ ELEMENTARYSCHOOL

S VAN NESS AVE

BUENA VISTA HORACE MANN COMMUNITY SCHOOL

MISSION LIBRARY

NOE VALLEY

1133 S VAN NESS AVE, SAN FRANCISCO 7 SAN FRANCISCO OVERVIEW

San Francisco is the cultural, commercial, and financial center of Northern California. This city-county covers an area of over 45 square miles, extending from the northern end of the San Francisco Peninsula. San Francisco is the fourth-most populous city in California as well as the thirteenth-most populous city in the United States. It is also the fifth-most densely populated county in the U.S., and the seventh highest income county in the country, with a per capita income of $77,488. San Francisco is a popular tourist destination, known for its temperate and foggy climate, cool summers, steep rolling hills, and famous “hippie” atmosphere that stands as an interna- tional attraction. San Francisco has played a large role in the history of the country, and was a center of liberal activism in the United States. The city is known for many attractions such as the Golden Gate Bridge, Chinatown, cablecars, AT&T Park, Alcatraz, and Fisherman’s Wharf.

METRO HIGHLIGHTS

• The population in San Francisco has grown 10.5% over the past ten years • Since 2010, the median household income has increased by more than 73% • San Francisco has a well-educated workforce; more than 56% of the population over the age of 25 has a bachelor’s or graduate degree • Major employers include UC San Francisco, City and County of San Francisco, Wells Fargo, Salesforce, Sutter Health, PG&E Corporation, Kaiser Permanente, and Uber

8 1133 S VAN NESS AVE, SAN FRANCISCO DEMOGRAPHIC SUMMARY

POPULATION 1-MILE 3-MILES 5-MILES HOUSEHOLDS BY INCOME 1-MILE 3-MILES 5-MILES 2025 Projection 2019 Estimate Total Population 95,274 608,711 959,247 $250,000 or More 19.63% 16.92% 3.95% 2020 Estimate $200,000 - $249,999 12.61% 11.11% 2.53% Total Population 92,211 578,378 919,452 $150,000 - $199,999 15.46% 12.80% 7.91% 2010 Census $125,000 - $149,999 8.54% 7.97% 7.16% Total Population 84,000 515,673 832,911 $100,000 - $124,999 8.59% 8.63% 12.83% 2000 Census $75,000 - $99,999 7.50% 7.63% 13.65% Total Population 87,589 494,863 805,264 $50,000 - $74,999 7.91% 8.44% 16.91% Daytime Population $35,000 - $49,999 5.30% 5.80% 10.01% 2019 Estimate 94,764 869,924 1,169,677 $25,000 - $34,999 3.77% 4.49% 7.86% $15,000 - $24,999 4.32% 5.85% 7.85% HOUSEHOLDS 1-MILE 3-MILES 5-MILES Under $15,000 6.38% 10.38% 9.34% 2025 Projection Average Household Income $195,498 $173,967 $173,874 Total Households 41,436 283,643 420,674 Median Household Income $143,134 $121,478 $122,097 2020 Estimate Per Capita Income $84,529 $80,859 $76,030 Total Households 39,684 266,748 399,568 Average Household Size 2.25 2.08 2.23 POPULATION PROFILE 1-MILE 3-MILES 5-MILES 2010 Census Population by Age Total Households 35,545 231,282 352,689 0 to 4 Years 5.58% 4.58% 4.54% 2000 Census 5 to 14 Years 6.70% 6.59% 7.12% Total Households 34,408 217,209 336,236 15 to 17 Years 1.51% 1.63% 1.89% 18 to 19 Years 0.95% 1.33% 1.66% POPULATION PROFILE 1-MILE 3-MILES 5-MILES 20 to 24 Years 4.38% 5.21% 5.46% Population 25+ by Education Level 25 to 29 Years 11.77% 12.12% 11.59% 2020 Estimate Population Age 25+ 74,572 466,606 729,397 30 to 34 Years 14.45% 12.67% 11.72% Elementary (0-8) 4.96% 4.78% 4.68% 35 to 39 Years 11.82% 9.59% 8.84% Some High School (9-11) 3.83% 4.64% 4.81% 40 to 49 Years 16.79% 14.34% 13.72% High School Graduate (12) 11.20% 12.38% 12.90% 50 to 59 Years 11.36% 12.02% 12.21% Some College (13-15) 12.10% 14.11% 14.33% 60 to 64 Years 4.52% 5.30% 5.61% Associate Degree Only 3.80% 4.63% 5.11% 65 to 69 Years 3.64% 4.76% 5.02% Bachelors Degree Only 35.97% 33.57% 33.79% 70 to 74 Years 2.49% 3.42% 3.68% Graduate Degree 26.56% 23.46% 21.64% 75 to 79 Years 1.55% 2.34% 2.53% 80 to 84 Years 1.22% 1.83% 1.97% Age 85+ 1.26% 2.29% 2.43% Median Age 36.84 37.90 38.26 1133 S VAN NESS AVENUE SAN FRANCISCO, CALIFORNIA

SUBJECT PROPERTY

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