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4728 MISSION STREET // $2,150,000
8 UNIT MIXED-USE BUILDING IN THE EXCELSIOR DISTRICT, SAN FRANCISCO
PROPERTY OVERVIEW
4728 Mission Street is an 8-unit, mixed-use income property located in the Excelsior District of San Francisco. This property is a well-maintained, three story corner building comprising of one (1) commercial space on the ground floor and seven (7) residential apartments above ground level. All eight (8) units are currently tenanted.
- 8 Unit Mixed-Use Property in the Excelsior District
- Marina Style Building; Corner Lot
- 1 Ground Floor Commercial Space Unit
- 7 One-Bedroom One-Bath Residential Apartments With Banked Rent Increases
- 3 Single-Car Garages
- All 8 Units Fully Tenanted
- Commercial Tenant: EZ Wireless
- Separately Metered PG&E & Water
- Tenants Pay For Garbage
- Sprinkler System in Garages and Storage Lockers
- Scheduled Annual Income: $111,178.32
- GRM: 19.34 | CAP: 3.47%
- Building Square Footage (as per tax records): 7,320
- Lot Square Footage (as per tax records): 2,622
- Year Built: 1925
- Parcel No. 6955-017
FINANCIAL OVERVIEW
ANNUAL OPERATING INCOME
| List Price: | $2,150,000 |
| Price Per Sq Ft: | $293.72 |
| Price Per Unit (average): | $268,750 |
| GRM: | 19.34 |
| CAP Rate: | 3.47% |
| Scheduled Annual Income: | $111,178.32 |
| Estimated Annual Expenses: | $36,489.80 |
| Net Operating Income: | $74,688.52 |
ESTIMATED ANNUAL EXPENSES
| Property Tax At List Price: | $25,352.80 |
| Property Insurance: | $5,566 |
| Water: | Paid by Tenants (separately metered) |
| Garbage: | Paid by Tenants |
| PG&E Common Area Meter: | $208 |
| Janitorial Service: | $1,825 |
| Maintenance and Repairs: | $3,538 |
| Total Estimated Annual Expenses: | $36,489.80 |
SCHEDULED RENT ROLL 2018
1 Commercial Space | 7 Residential Apartments
| Unit No. | Location | Unit Type | Current Rent | Move-In Date |
| 4730 Mission | Ground Floor | Commercial Space | $1,300 Month-to-Month | May 1, 2004 |
| 4728 #1 Mission | Second Floor Front | 1 BR, 1 BA | $365* | May 1985 (last rental increase 06/01/09) |
| 4728 #2 Mission | Second Floor Rear | Junior 1 BD, 1 BA | $625* | August 1, 1993 (last rental increase 06/01/09) |
| 4728 #3 Mission | Third Floor Front | 1 BD, 1 BA | $1,150* | June 1, 2005 (rent never raised) |
| 4728 #4 Mission | Third Floor Rear | Junior 1 BD, 1 BA | $1,895* |
November 6, 2016 (rent never raised)
|
| 20 Leo St.#1 | First Floor | 1 BD, 1 BA, 1-Car Garage | $604.86* | March 1, 1987 (last rental increase 10/01/09) |
| 20 Leo St.#2 | Second Floor | 1 BD, 1 BA, 1-Car Garage | $1,475* | August 6, 2010 (rent never raised) |
| 20 Leo St.#3 | Third Floor | 1 BD, 1 BA, 1-Car Garage | $1,850* |
June 1, 2013 (rent never raised) |
*All 7 residential units are month-to-month with banked rent increases
| Total Scheduled Monthly Income 8 Units | $9,264.86 |
| Total Scheduled Annual Income 8 Units | $111,178.32 |
Property photographs in this website and on the MLS include the commercial space at ground level, four (of seven) residential units, and the building facade.
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 7 am to 7 pm, any day of the week.
For advice and tips on preparing your property for sale, email [email protected] or visit www.angelocosentino.com for more information.
Brochure
Neighborhood
Excelsior
Excelsior runs along Mission Street, south of the 280 and north of Geneva Avenue. This neighborhood was once home to Grateful Dead singer/guitarist Jerry Garcia, and today hosts the annual "Jerry Day," drawing thousands of celebrants to John McLaren Park and the lovely Jerry Garcia Amphitheater. The Excelsior Festival, for the purpose of drawing people together in a family-friendly environment, pays homage to this neighborhood's cultural diversity. Another claim to fame is the filming of Guess Who's Coming to Dinner, the award-winning 1967 movie. The Excelsior Playground boasts vivid murals along with the tennis courts and recreation center, and the 56-acre Crocker-Amazon Park offers basketball, tennis and bocce ball courts as well as baseball and soccer fields. Local businesses, such as the acclaimed Tortas Boos Voni eatery and the hip Broken Record Bar, sit comfortably alongside young families and old-time residents.
Schedule
Showings by Appointment:
Contact Listing Agent Angelo Cosentino
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 [email protected] or visit www.angelocosentino.com for more information.
Contact
Angelo Cosentino
Top Ranking Listing AgentExperienced | Tech Savvy | ReviewsCompassDRE# 01224460(415) 298-9171 mobilewww.angelocosentino.com