Gallery

Features

 3934-3936 MISSION STREET  //  $1,599,000  

PROPERTY OVERVIEW 

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

FINANCIAL OVERVIEW  

ANNUAL OPERATING INCOME

Price:  $1,599,000
Price Per Unit (average):  $266,500
GRM:  16.46
CAP Rate: 4.05%
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
Water (estimated): $4,987
Garbage (estimated): $2,950
PG&E:  NA
Miscellaneous (estimated): $1,231
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 angelo.cosentino@compass.com or visit www.angelocosentino.com for more information.

  

 

Neighborhood


Bernal Heights

The area we call Bernal Heights was once the site of cow dairies and grazing pastures. One of the last great neighborhoods to be "discovered" in San Francisco Bernal is making the transition from a traditional blue-collar settlement to a hospitable enclave of artists, young families, and left-leaning political life. It owes its growing desirability to its exceptionally homey setting and inspiring city views.

Home to two great parks, this community is beloved by dog owners and hikers alike. The largest park, called Bernal Heights, occupies the crest of the hill and is a breezy respite for area residents who enjoy fresh air and pristine views of downtown San Francisco and the bay. The second, Precita Park resides at the bottom of Bernal and is a favorite for young children and families, who find the playground and expansive lawns to be a perfect afternoon setting.

Any visitor must make their way along Bernal's cozy retail main street, Cortland Avenue. There you'll find a splendid blend of local bookshops, one-of-a-kind boutiques, and delicious coffee shops. Some exceptional ethnic food, from French to Nepalese, can be found along this notable stretch, representing an array of eateries to delight the lucky food lovers who sauntering by.

Some favorite drinking establishments are also at your disposal. El Rio, with its steady lineup of extraordinary musical acts, Wild Side West with its fantastic fireplace, plus the country and blues music venue Skip's Tavern, are all sure to envigorate.

MUNI bus service out of Bernal toward downtown is easy to find on Mission street, which delineates the western edge of Bernal. You are also walking distance from the BART at 24th and Mission.



Schedule

Open Houses:
Coming Soon

Brokers Tour:
Coming Soon

Additional Showings by Appointment:
Contact Angelo Cosentino
415.298.9171
www.angelocosentino.com

Contact

Angelo  Cosentino

Angelo Cosentino

Top Ranking Listing AgentExperienced | Tech Savvy | ReviewsCOMPASScalDRE# 01224460(415) 298-9171 mobilewww.angelocosentino.com