3934 Mission Street
3934-3936 MISSION STREET // $1,599,000
3934-3936 Mission Street is a 6-unit income property located in Bernal Heights near Saint Mary's Park and the Mission District corridor of San Francisco. This property is composed of two separate tandem buildings, each with three units, on a 3,337 square foot lot. The property includes four 2 bedroom/1 bath units, and two 1 bedroom/1 bath units. All six units are currently tenanted.
The two-story front building (facing Mission Street) includes a top floor flat with 2 bedrooms and 1 bath, and two ground level units each with 1 bedroom and 1 bath. The lower level was originally used for commercial purposes. The three-story building at the rear of the lot has one flat on each level, each with 2 bedrooms and 1 bath.
3934-3936 Mission Street is located in Bernal Heights - known for it's sunny and warm weather, charming neighborhood streets, views of the San Francisco Bay and cityscapes, relaxed city vibe, and a community of shops, restaurants, coffee spots, gourmet markets, and bustling playgrounds. It's close to Saint Mary's Park, the Mission District, and Glen Park - with easy access to BART and 101/280. This area has an excellent public transportation infrastructure.
Bernal Heights continues to offer tremendous growth potential based on historical trends and future forecasts. Neighboring communities to the South continue to gentrify, and property in San Francisco is limited. This property is an excellent opportunity for owner users and investors.
- 6 Units in Bernal Heights, San Francisco
- Highly Desirable Neighborhood With Good Historical Growth
- 2 Tandem Buildings (3 Units Per Building)
- Mixed-Use (Currently Used as Residential)
- 4 Two Bedroom, One Bath Units
- 2 One Bedroom, One Bath Units
- Fully Tenanted
- Scheduled Annual Income: $97,128 ($8,094 Month)
- GRM: 16.46 CAP: 4.05%
- Lot (Per Tax Records): 3,667 SqFt, Zoned RH2
- Property SqFt: Unavailable
- Year Built: 1910
- Parcel No. 6720-006
- Owner-User Opportunity
ANNUAL OPERATING INCOME
|Price Per Unit (average):||$266,500|
|Scheduled Annual Income:||$97,128|
|Annual Expenses (estimated):||$32,976|
|Net Operating Income:||$64,746|
ESTIMATED ANNUAL EXPENSES
|Property Tax (estimated at 1.2%):||$19,188|
|Property Insurance (estimated):||$4,620|
|Total Estimated Annual Expenses:||$32,976|
SCHEDULED RENT ROLL 2017
|Unit No.||Location||Unit Type||Current Rent|
|3934*||Front, Top Flat||2BR, 1BA||$2,895|
|3934 A||Front, Lower Unit||1BR, 1BA||$699|
|3934 B||Front, Lower Unit||1BR, 1BA||$1,051|
|3936||Rear, Lower Flat||2BR, 1BA||$975|
|3936 A||Rear, Middle Flat||2BR, 1BA||$1,517|
|3936 B||Rear, Top Flat||2BR, 1BA||$957|
|Total Scheduled Monthly Income||$8,094|
|Total Scheduled Annual Income||$97,128|
* All interior photos are of Unit 3934 only.
Property specialist and listing agent, Angelo Cosentino, is at the ready to help you find the right fit for your lifestyle and needs. Call (415) 298-9171 from 8 am to 8 pm, any day of the week.
For advice and tips on preparing your property for sale, email firstname.lastname@example.org or visit www.angelocosentino.com for more information.