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| MLS# | 333324 | | Type | Investment | | Style | Apartment Complex | | Units | 10 | | Square Footage | 10803 (approx) | | Lot Size | 3827 sq. ft. (street to street, approx) | | Age | Built in 1960 | | Parking | 10 carport spaces | | | | | | | | | | |
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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. |
| Additional Features and Amenities |
There are three 1 bedroom, 1 bath units, 787 or 863 sq. ft. (approx.) each, two 1bedroom, 1bath penthouses with high wood beamed ceilings, private decks, fireplaces, and panoramic downtown views, 1,097 or 1,273 sq. ft. (approx.) each. There are also five 2 bedroom, 2 bath units, 828 sq. ft. (approx.) 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 vacancies getting $2.00 per square foot per month or more. Thus there is tremendous upside in rental income.
There are 2 lobby entrances, one on Corbett and one on Graystone Terr. Every unit has one car parking in a carport, with 5 spaces off Corbett and 5 off Graystone Terr. There are 12 storage lockers; only four are rented with the units. There is also a large undeveloped storage room. Laundry facilities are coin operated and owned by the building. |
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