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Listing Summary
Listing
#424012505
$5,500,000 (LP)
$5,600,000 (SP)
SP % LP
:
101.82
750 Presidio Ave, San Francisco, CA 94115*
Closed
(03/28/24)
SqFt:
14550*
Lot Size SqFt:
5623*
Area/District
:
6
C
Yr
:
1928
*
Total Parking Spaces:
20
Remarks
Offered for sale for the first time in over 50 years, 750 Presidio is a 21 unit apartment building in San Francisco's Lower Pacific Heights neighborhood. This classic corner Marina Style building consists of 9 one-bedroom and 12 studio units. There are 20 individual garage spaces. The property is fully occupied. The units boast spacious floor plans, hardwood floors, large closets, and loads of period charm. They have been well-maintained, but modestly upgraded over the years, allowing a new owner to realize tremendous upside potential upon unit turnover. The units are separately metered for gas and electric. There is a newer steam boiler for heat and separate system for hot water. The soft-story seismic retrofit was completed in 2018. Located in Lower Pacific Heights, this world class location has much to offer tenants. Within walking distance of Presidio Heights, Laurel Village, and Pacific Heights, there is a plethora of shopping, dining, and neighborhood conveniences nearby. Priced at only $378 per square foot and $261,549/unit, this is a true value-add opportunity in an excellent rental location.
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Remarks
Agent and Office Information
Agent
Adam D Filly
Primary:415-516-9843 Secondary:415-516-9843 Lic: 01354775
Office
Compass Commercial
Phone: 415-345-3000 Office Lic.: 01527235
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2%
Unit Information
# Of Buildings
1
# Of Units Leased
21
# Of Units Month to Month
0
# Of Units Total
21
# Of Units Vacant
0
# of 1 Bedroom Units
9
# of 2 Bedroom Units
0
# of 3 Bedroom Units
0
# of 4 Bedroom Units
0
# of Studio Units
12
# Commercial Units
0
# of Floors
3
Units Furnished
None
Unit 1 Bedrooms
0
Unit 1 Full Baths
0
Unit 1 Partial Baths
0
Unit 1 Rent
$
0
Unit 1 Approx SqFt
0
Unit 1 # of Rooms
0
Unit 2 Bedrooms
0
Unit 2 Full Baths
0
Unit 2 Partial Baths
0
Unit 2 Rent
$
0
Unit 2 Approx SqFt
0
Unit 2 # of Rooms
0
Elevation Units
Feet
Unit 3 Bedrooms
0
Unit 3 Full Baths
0
Unit 3 Rent
$
0
Unit 3 Approx SqFt
0
Unit 3 # of Rooms
0
Unit 3 Partial Baths
0
Unit 4 Bedrooms
0
Unit 4 Full Baths
0
Unit 4 Partial Baths
0
Unit 4 Rent
$
0
Unit 4 Approx SqFt
0
Unit 4 # of Rooms
0
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
9
# of 2 Bedrooms Occupied
0
# of 3 Bedrooms Occupied
0
# of 4 Bedrooms Occupied
0
# Studios Occupied
12
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
473120
Gross Rent Multiplier
11.84
Net Operating Income
$
285889
Monthly Income
$
0
Operating Expense
$
187231
Total Deposit
$
0
Total # Leasable
0
Utilities Expense
$
51364
Operating Expense Includes
Electricity, Gas, Insurance, Manager, Professional Management, Trash, Utilities, Water/Sewer
Other Expense
$
14194
Tax Annual Amount
$
64886
Monthly Expenses
$
0
Separate Meters
Electricity, Gas
Actual or Scheduled
Actual
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Possession
Close Of Escrow, Subject To Tenant Rights
Property Information
Subtype Description
Apartments
Approx SqFt
14,550*
SqFt Source
Assessor Auto-Fill
Price / SqFt
384.88
Lot Sq Ft
(
approx
)
5,623*
Lot Acres
(
approx
)
0.1291
Lot Size Source
(Assessor Auto-Fill)
# of Rooms
51
Year Built
1928*
Special Listing Conditions
None
Property Location
County
San Francisco
Cross Street
Sutter Street
Area/District
SF District 6
Subdistrict
Lower Pacific Height
Interior Information
Heating
Steam
Construction Information
Architectural Style
Marina
Roof
Foam
Parking Information
Garage Spaces
20
Total Parking Spaces
20
Covered Spaces
20
# Underground
0
# of Guest Space(s)
0
Tandem Parking Spaces
0
Independent Parking Spaces
0
Parking Features
Garage
Lot and Outdoor Information
Lot Features
None
Association Information
Association
No
School Information
Green Information
Other Listing Information
Listing Service
Full Service