Electrical Upgrades Ongoing- Price Adjustment | 5625 Mission St
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Electrical Upgrades Ongoing- Price Adjustment 5625 Mission St
8 Unit Apartment Building $3,090,296 CAD ($386,287 CAD/Unit) 4.82% Cap Rate San Francisco, CA 94112
Investment Highlights
- $175,000 Price Improvement. Price Per Unit is $275,000.
- First time on the market for sale.
- Great asset for a buyer in an existing 1031 Exchange.
- Location close to SF Muni, BART and major freeways.
- Garage parking with two entrances.
- Currently all eight apartments are 100% Occupied
Executive Summary
$175,000 Price Improvement. Please see 3R Report for completed "Soft Story Retrofit", per Chapter 34B -SFBC-CFC 8FD. Required Upgrade Completed of the Mandatory Earthquake Retrofit of Wood Frame Building Program. New electrical upgrades are in progress. Please do not go direct or disturb tenants.
5625 Mission Street is an 8 Unit apartment building with One Bedrooms and One Bath apartment units in an approximately 6,044 Square Foot building located on an approximately 3,336 Square Foot lot. This is a two Story building with (8) Eight Garage Doors and Parking Spaces in attached garages. There are two secure gated entrances which are located both on Mission Street and Morse Street. Each apartment unit is separately metered for gas and electricity for lower operating expenses. Professionally managed. There is natural light throughout the property with some units having skylights. The location of the property provides accessibility to bus transportation on Mission Street and close proximity to both the BART Balboa and Glen Park Stations. Easy commute to nearby hospitals, universities, schools and major employers located here in the City of San Francisco and the San Francisco Bay Area.
This is the first time that this property is available for sale. Please do not go direct or disturb tenants. Email Listing Agent for Disclosure Package and Property Inspection Reports Completed. Seller has completed property inspections including Pest, Property and Roof. There is clearance with completed San Francisco 3R Report, Energy Water and Conservation and Tank reports. Estoppel Certificates for each tenant will be provided. Each of the eight apartment units are separately metered for gas and electricity keeping operating expenses low. Professionally managed. Currently all eight apartments are 100% Occupied. Please Contact listing broker Steve Bianchi for any questions 650-279-1329. Pre escrow is opened with Stewart Title Company Escrow # 23000300024. Thank you for your interest.
Email Listing Agent for Disclosure. Package and Property Inspection Reports Comp
5625 Mission Street is an 8 Unit apartment building with One Bedrooms and One Bath apartment units in an approximately 6,044 Square Foot building located on an approximately 3,336 Square Foot lot. This is a two Story building with (8) Eight Garage Doors and Parking Spaces in attached garages. There are two secure gated entrances which are located both on Mission Street and Morse Street. Each apartment unit is separately metered for gas and electricity for lower operating expenses. Professionally managed. There is natural light throughout the property with some units having skylights. The location of the property provides accessibility to bus transportation on Mission Street and close proximity to both the BART Balboa and Glen Park Stations. Easy commute to nearby hospitals, universities, schools and major employers located here in the City of San Francisco and the San Francisco Bay Area.
This is the first time that this property is available for sale. Please do not go direct or disturb tenants. Email Listing Agent for Disclosure Package and Property Inspection Reports Completed. Seller has completed property inspections including Pest, Property and Roof. There is clearance with completed San Francisco 3R Report, Energy Water and Conservation and Tank reports. Estoppel Certificates for each tenant will be provided. Each of the eight apartment units are separately metered for gas and electricity keeping operating expenses low. Professionally managed. Currently all eight apartments are 100% Occupied. Please Contact listing broker Steve Bianchi for any questions 650-279-1329. Pre escrow is opened with Stewart Title Company Escrow # 23000300024. Thank you for your interest.
Email Listing Agent for Disclosure. Package and Property Inspection Reports Comp
Property Facts
Price | $3,090,296 CAD | Apartment Style | Low Rise |
Price Per Unit | $386,287 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.08 AC |
Cap Rate | 4.82% | Building Size | 6,044 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
Gross Rent Multiplier | 12.93 | No. Stories | 2 |
No. Units | 8 | Year Built/Renovated | 1959/2017 |
Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
Property Subtype | Apartment |
Price | $3,090,296 CAD |
Price Per Unit | $386,287 CAD |
Sale Type | Investment |
Cap Rate | 4.82% |
Sale Conditions | 1031 Exchange |
Gross Rent Multiplier | 12.93 |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 6,044 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1959/2017 |
Parking Ratio | 1.32/1,000 SF |
Unit Amenities
- Heating
- Eat-in Kitchen
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
- Public Transportation
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 8 | - | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (79)
PROPERTY TAXES
Parcel Number | 6470-001C | Improvements Assessment | $1,342,763 CAD |
Land Assessment | $2,014,145 CAD | Total Assessment | $3,357,817 CAD |
PROPERTY TAXES
Parcel Number
6470-001C
Land Assessment
$2,014,145 CAD
Improvements Assessment
$1,342,763 CAD
Total Assessment
$3,357,817 CAD
zoning
Zoning Code | NC2 (Residential -Medium Density) |
NC2 (Residential -Medium Density) |
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Electrical Upgrades Ongoing- Price Adjustment | 5625 Mission St
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