285 grand view avenue, san francisco, ca - dan...
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285 GRAND VIEW AVENUE, SAN FRANCISCO, CA8 UNITS ~ NOE VALLEY
EXCLUSIVELY LISTED BY:
Daniel McGueEXECUTIVE VICE PRESIDENT415.738.7201danmcgue@paragon-re.comwww.DanMcGue.comLicense No. 00656579
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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OFFERED FOR SALE: $4, 500,0008 Unit Building in NOE VALLEY
PROPERTY SUMMARY | 285 GRAND VIEW AVENUE
285 Grand View Avenue, San Francisco
■ 1 Three Bedroom/Two Bathroom
■ 1 Two Bedroom/Two Bathroom
■ 4 Two Bedroom/One Bathroom
■ 2 One Bedroom/One Bathroom
■ 9 Parking Spaces
■ Building Size: Approx. 7,754 Sq.Ft. **
■ Lot Size: Approx. 3,828 Sq.Ft. *
■ Owned Coin Operated Washer and Dryer
■ Zoning: RM-1 *
■ Parcel No.: 2776-015
■ Year Built: 1962 *
■ $580 per Sq.Ft.
■ GRM: 17.4
■ Cap Rate: 3.6%
PROPERT Y HIGHLIGHTS:
* Per Metro Scan** Per appraisal
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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PROPERTY OVERVIEW
Address: 285 Grand View Avenue
Parcel Number: 2776-015
Units: 8
Building SqFt (per appraisal): 7,754 Sq.Ft.
Lot SqFt (per tax record): 3,828 Sq.Ft.
Zoning: RM-1
Neighborhood: Noe Valley
Year Built: 1962
PROPERTY OVERVIEW | 285 GRAND VIEW AVENUE
PROPERTY DESCRIPTION
285 Grand View Avenue is a well located 8 unit apartment building in Noe Valley, one of the most desirable neighborhoods in San Francisco. Built in 1962, the building consists of 1 three bedroom / two bathrooms, 1 two bedroom / two bathrooms, 4 two bedroom / one bathroom, 2 one bedroom / one bathroom. Units have nice floor plans, good natural light, balcony space, and great views of the City and Bay. There are 9 parking spaces and a coin operated laundry room with one washer and one dryer. The building has separate PG & E meters and the units have separate heat. In 2016 the soft story seismic retrofit work was completed and the exterior was painted. There is a permit in process for one additional dwelling unit (“ADU”).
Located at the edge of Noe Valley, the property is within walking distance to the restau-rants and shops of 24th Street and the Castro District. Public transportation stops via Muni are nearby, giving great access to all areas of San Francisco.
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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FINANCIAL OVERVIEW | 285 GRAND VIEW AVENUE
INCOME & EXPENSES
Scheduled Annual Gross
Rental Units (Res. & Parking) $ 257,573
Laundry 1,560
Annual Gross Income $ 259,133
Less Vacancy (Estimated @ 2% of Scheduled Annual Gross Apartment Income (5,183)
Adjusted Annual Gross Income $ 253,950
Estimated Annual Operating Expenses:
Property Taxes (Estimated @ 1.1826% of $4,500,000) $ 53,217
Insurance 4,075
Intercom Phone 920
PG & E 1,855
Trash 3,238
Water 4,115
Common Area Cleaning 3,024
Property Management (Estimated @ 5% of Adjusted Annual Gross Income) 12,756
Cleaning, Maintenance, and Repairs 7,629
Estimated Annual Operating Expenses: (90,829)
Estimated Net Operating Income: $ 163,121
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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RENT ROLL
FINANCIAL OVERVIEW | 285 GRAND VIEW AVENUE
Total Scheduled Monthly Rent:Total Scheduled Annual Rent:
$21,464.441
$257,573.28
Unit Type Scheduled Rents
Bond Passthrough
CAPEXPassthrough
Move-In Date
1 2 Bedroom $ 1,664.82 $ 30.44 $ 172.44 6/1/2005
2 2 Bedroom 3,695.00 9/14/2016
3 2 Bedroom 2,160.68 30.44 172.44 6/1/2004
4 2 Bedroom 2,729.53 30.44 172.44 8/8/2008
5 1 Bedroom 2,101.39 30.44 154.69 3/15/2012
6 1 Bedroom 2,895.00 3/25/2017
7 2 Bedroom 1,327.93 30.44 172.44 3/1/1987
8 3 Bedroom 3,003.29 30.44 172.44 6/5/2005
Parking 300.00 Vacant
Parking 300.00 Vacant
Storage-E1 50.00 6/1/2004
Storage-Unit 3 37.27
1Total Scheduled Monthly Rent total includes Bond Passthough and CAPEX Passthrough.
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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MAPS | 285 GRAND VIEW AVENUE
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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MAPS | 285 GRAND VIEW AVENUE
Dan McGue | Paragon Commercial Brokerage | 415.738.7201 | [email protected] | License: 00656579
The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.
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MAPS | 285 GRAND VIEW AVENUE