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The subject property is a well kept 10 unit apartment complex located in the Upper Market/Twin Peaks area of San Francisco. Muni bus transportation is conveniently located near the front door, making commutes to the Financial District easy. Shops and restaurants in the Castro District and Noe Valley are close by, as well as shopping at Molly Stones at Mt Davidson.
The building was constructed in 1960 and the units are large. There are three 1 bedroom, 1 bath units, approximately 787 or 863 square feet each. The two 1 bedroom, 1 bath penthouses are each approximately 828 square feet and feature high wood beamed ceilings, private decks, fireplaces, and panoramic downtown views. There are also five 2 bedroom, 2 bath units, approximately 1,097 or 1,273 square feet each, with views, decks, and fireplaces.
The size, views, and location of the units make them ideal candidates for a TIC Conversion. Current rents are averaging $1.36 per square foot per month, with new vacant units getting $2.00 - $2.50 per
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Location: This 12 unit mixed use building is located in the thriving Upper Market-Duboce Triangle Area, just half a block to the intersection of Market, Church and 14th Streets. The Muni Metro and a 24 hour Safeway are located at this intersection. It’s an easy commute to downtown or the Civic Center. The great shops and restaurants of the Upper Market and Castro areas are within walking distance. This one of the hottest rental locations in San Francisco.
Building: Built in 1923, it houses 10 apartments and 2 commercial spaces. The first floor is occupied by Hosanna Celebration, which uses the space as a church and meeting hall. This space was originally constructed as a church. The basement level is occupied by the Mission Day Care Center; they have been there for over 40 years. The top 2 floors of the building contain 10 apartments, comprised of 5 studios, 4- 1 bedrooms, and 1-2 bedroom/2 bathroom apartment.
The building has been well cared for over the years. A new roof went on in 2007.
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Located in the Central Sunset District. One block to Golden Gate Park, one block to Muni Metro N Judah line. Six blocks to Irving Street Shops and restaurants.
Unit 3139 - Lower Unit. Full 5 room flat. Living room with fireplace, dining room, kitchen with breakfast area, 2 bedrooms, 1 bathroom with a tub and stall shower. Vacant.
Unit 3141 - Upper unit, same floorplan, 2 bedrooms, 1 bathroom.
Rent - $1566.39/month. Includes 1 parking space on west side of garage. Tenant has given written notice that they are moving by 4/22/09.
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Regency Place is a gated community of 1, 2 and 3 bedroom apartment homes. These spacious oversized apartments offer all electric kitchens with dishwashers, efficient heat/air systems and private patios or balconies. The property features a swimming pool, 2 modern laundry areas and covered parking spaces.
The location is ideal: public transportation, CSUS, Arden Fair mall and Kaiser hospital are all located nearby.
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