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Listing Summary
Listing
#423918520
$1,999,000 (LP)
$2,250,000 (SP)
SP % LP
:
112.56
1355 3rd Ave, San Francisco, CA 94122*
Closed
(01/11/24)
SqFt:
3650*
Lot Size SqFt:
3000*
Area/District
:
2
F
Yr
:
1926
*
Total Parking Spaces:
4
Remarks
1355 Third Avenue is perched on a charming brick paved street situated a half block away from UC Medical Center and nearby the Irving Street corridor in one of San Francisco's most desired neighborhoods, Parnassus Heights. This classic Edwardian Quadruplex was originally constructed as a four unit building in 1926 according to tax records and features four nearly identical units. Units 1, 3,4, are very charming 4 room apartments consisting of 1BR/1BA each and featuring hardwood floors and fireplaces and Unit #2 is a similarly laid out apartment with a large extra room down on the garden level. The rear units, 2 and 4 have nice views to the West and North (including the GGB tower tops) and overlook the rear garden. With a very low vacancy rate 1335 Third Avenue represents a rare opportunity to own a prime investment property with minimal maintenance required. The building has been well maintained and features, a side by side two-car garage, extra storage, upgraded systems and common coin operated laundry.
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Remarks
Agent and Office Information
Agent
Kevin O'Connor
Primary:415-971-1119 Lic: 00928645
Office
BarbCo
Phone: 415-566-1112, FAX: 415-566-1204 Office Lic.: 02014153
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2.5
Unit Information
# Of Buildings
1
# Of Units Leased
1
# Of Units Month to Month
3
# Of Units Total
4
# Of Units Vacant
0
# of 1 Bedroom Units
3
# of 2 Bedroom Units
1
# of 3 Bedroom Units
0
# of 4 Bedroom Units
0
# of Studio Units
0
# Commercial Units
0
# of Floors
2
Units Furnished
None
Unit 1 Bedrooms
1
Unit 1 Full Baths
1
Unit 1 Partial Baths
0
Unit 1 Rent
$
2600
Unit 1 Description
Front unit with hardwood floors and fireplace
Unit 1 Approx SqFt
900
Unit 1 # of Rooms
3
Unit 1 Occupancy
Tenant
Unit 1 Rent Source
Estoppel
Unit 1 Lease Term
Month to Month
Unit 1 SqFt Source
Not Measured
Unit 1 Type
Apartment
Unit 2 Bedrooms
2
Unit 2 Full Baths
1
Unit 2 Partial Baths
0
Unit 2 Rent
$
3500
Unit 2 Description
Rear garden unit w/3 rooms plus extra BR down on lower level. Hardwood floors, fireplace and view
Unit 2 Approx SqFt
1100
Unit 2 # of Rooms
4
Unit 2 Occupancy
Tenant
Unit 2 Rent Source
Estoppel
Elevation Units
Feet
Unit 2 Lease Term
Month to Month
Unit 2 SqFt Source
Not Measured
Unit 2 Type
Apartment
Unit 3 Bedrooms
1
Unit 3 Full Baths
1
Unit 3 Rent
$
3500
Unit 3 Description
Front unit with 1BR/!BA hardwood floors and fireplace
Unit 3 Approx SqFt
900
Unit 3 # of Rooms
3
Unit 3 Occupancy
Tenant
Unit 3 Rent Source
Estoppel
Unit 3 Lease Term
Month to Month
Unit 3 SqFt Source
Not Measured
Unit 3 Partial Baths
0
Unit 3 Type
Apartment
Unit 4 Bedrooms
1
Unit 4 Full Baths
1
Unit 4 Partial Baths
0
Unit 4 Rent
$
3500
Unit 4 Description
Top floor rear 1BR/1BA unit with views, hardwood floors and fireplace
Unit 4 Approx SqFt
900
Unit 4 # of Rooms
3
Unit 4 Occupancy
Tenant
Unit 4 Rent Source
Estoppel
Unit 4 Lease Term
12 Months
Unit 4 SqFt Source
Not Measured
Unit 4 Type
Apartment
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
3
# 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
$
157300
Gross Rent Multiplier
14.30
Net Operating Income
$
109481
Monthly Income
$
0
Income Includes
Coin Operated Equipment, Laundry, Rent Only
Operating Expense
$
47819
Total Deposit
$
0
Total # Leasable
0
Utilities Expense
$
13834
Operating Expense Includes
Accounting, Electricity, Gas, Insurance, Janitorial Services, Professional Management, Property Tax, Trash, Utilities, Water/Sewer
Tax Annual Amount
$
27025
Financial Data Source
Property Manager
Lease Term
Lease/Month to Month Mix
Tenant Pays
Gas
Monthly Expenses
$
0
Separate Meters
Common Area Meter, Gas
Actual or Scheduled
Actual
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Terms
Owner May Carry
Possession
Close Of Escrow, Subject To Tenant Rights
Property Information
Subtype Description
Apartments
Approx SqFt
3,650*
SqFt Source
Assessor Auto-Fill
Price / SqFt
616.44
Lot Sq Ft
(
approx
)
3,000*
Lot Acres
(
approx
)
0.0689
Lot Size Source
(Assessor Auto-Fill)
# of Rooms
13
Year Built
1926*
Year Built Source
Assessor Auto-Fill
Stories
3
Special Listing Conditions
None
Property Condition
Updated/Remodeled
Property Location
County
San Francisco
Cross Street
Parnassus
Area/District
SF District 2
Subdistrict
Inner Sunset
Interior Information
Flooring
Wood
Laundry Features
Coin Operated, In Common Area
Construction Information
Architectural Style
Edwardian, Spanish
Construction Materials
Stucco
Foundation
Concrete
Roof
Tar/Gravel
Window Features
Bay Window(s), Caulked/Sealed, Dual Pane Partial, Varies by Unit
Utilities
City, Natural Gas Connected
Water Source
Meter on Site, Public
Sewer
Private Sewer
Security Features
Fire Suppression System
Parking Information
Garage Spaces
2
Total Parking Spaces
4
# Underground
0
# of Guest Space(s)
0
Tandem Parking Spaces
2
Independent Parking Spaces
2
Parking Features
Attached, Garage, Garage Door Opener, Interior Access, Side-by-Side, Tandem Garage
Lot and Outdoor Information
Lot Features
Garden, Shape Regular
View Description
Golden Gate Bridge, Ocean, Panoramic
Exterior Features
Fenced Yard
Association Information
Association
No
School Information
School District (County)
San Francisco
Green Information
Other Listing Information
Special Zones
None
Listing Service
Full Service