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Listing Summary
Listing
#423752845
$1,799,000
(LP)
246 Bemis St, San Francisco, CA 94131*
Active
(07/07/23)
SqFt:
2560*
Lot Size SqFt:
2696*
Area/District
:
5
A
Yr
:
1908
*
Total Parking Spaces:
1
Remarks
Dreaming of owning a Glen Park investment property? Look no further than 246 Bemis Street, a 3-unit residential income property, is a prime investment opportunity in Glen Park, a coveted A+ neighborhood near the Village. This unique property includes a 2-unit building in the front and a standalone cottage at the rear. Building Summary: Unit 246: 2BR/1BA with 1 car pad parking. Unit 246A: 1BR/1BA with city and bay views. Unit 246B: 1BR Open Floor plan/1BA open-plan cottage. All units feature hardwood floors, contemporary appliances, and dedicated laundry services. Each is separately metered for gas and electricity (PG&E). Additional Features: 1-car garage with storage, potential for an ADU conversion. Garage is seller controlled and used for storage. Full feasibility report available for building expansion. Opportunity to purchase with the adjacent lot at 256 Bemis Street. Currently tenant-occupied with great rents. Within walking distance to Glen Park's amenities, BART, and easy access to I-280/101. This property offers income potential and room for expansion, making it an attractive investment. Can be shown by private appointment with listing agent.
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Directions to Property
From Chenery turn West onto Castro Street, take a right on Bemis property is on the left.
Remarks
Agent and Office Information
Agent
Marcus Miller
Primary:415-516-5760 Secondary:415-516-5760 Lic: 01327948
Office
Helm Real Estate
Phone: 415-516-5760, FAX: 415-488-5926 Office Lic.: 02014153
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2.5
Unit Information
# Of Buildings
2
# Of Units Leased
2
# Of Units Month to Month
2
# Of Units Total
3
# Of Units Vacant
1
# of 1 Bedroom Units
2
# of 2 Bedroom Units
1
# of 3 Bedroom Units
0
# of 4 Bedroom Units
0
# of Studio Units
0
# Commercial Units
0
Units Furnished
None
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 Partial Baths
0
Unit 1 Rent
$
3325
Unit 1 Description
246 is a 2BR/1BA w/1 car parking pad unit.
Unit 1 Approx SqFt
1000
Unit 1 # of Rooms
0
Unit 1 Occupancy
Tenant
Unit 1 Rent Source
Estoppel
Unit 1 SqFt Source
Owner
Unit 2 Bedrooms
1
Unit 2 Full Baths
0
Unit 2 Partial Baths
0
Unit 2 Rent
$
3195
Unit 2 Description
246A is a 1BR/1BA unit w/street parking
Unit 2 Approx SqFt
750
Unit 2 # of Rooms
0
Unit 2 Occupancy
Vacant
Unit 2 Rent Source
Owner
Elevation Units
Feet
Unit 2 SqFt Source
Owner
Unit 3 Bedrooms
1
Unit 3 Full Baths
1
Unit 3 Rent
$
3350
Unit 3 Description
246B is a open floor plan 1BR/1BA independent back cottage.
Unit 3 Approx SqFt
0
Unit 3 # of Rooms
3
Unit 3 Occupancy
Tenant
Unit 3 Rent Source
Estoppel
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
1
# of 2 Bedrooms Occupied
1
# of 3 Bedrooms Occupied
0
# of 4 Bedrooms Occupied
0
# Studios Occupied
0
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
118440
Gross Rent Multiplier
15.19
Net Operating Income
$
118440
Monthly Income
$
0
Total Deposit
$
0
Total # Leasable
0
Utilities Expense
$
0
Tax Annual Amount
$
0
Monthly Expenses
$
0
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Possession
Subject To Tenant Rights
Property Information
Subtype Description
Apartments
Approx SqFt
2,560*
SqFt Source
Assessor Auto-Fill
Price / SqFt
702.73
Lot Sq Ft
(
approx
)
2,696*
Lot Acres
(
approx
)
0.0619
Lot Size Source
(Assessor Auto-Fill)
# of Rooms
10
Year Built
1908*
Levels
One, Three
Special Listing Conditions
Offer As Is
Property Location
County
San Francisco
Cross Street
Castro Street
Area/District
SF District 5
Subdistrict
Glen Park
Interior Information
Construction Information
Parking Information
Total Parking Spaces
1
# Underground
0
# of Guest Space(s)
2
Tandem Parking Spaces
0
Independent Parking Spaces
1
Parking Features
Attached, Garage, Guest Parking Available
Lot and Outdoor Information
Lot Features
Garden, Landscape Front
View Description
Bay, Hills, Mt Diablo
Topography
Upslope
Association Information
Association
No
School Information
Green Information
Other Listing Information
Listing Service
Full Service