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Tim Fong & Peter Fong present:

Exceptional Twin Peaks 5 Unit Property

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781 Corbett Avenue

$2,100,000

781 Corbett Avenue

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Neighborhood

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walk through

Video Tour

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About this home's

Features

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beds

3

baths

3

Interior

3

Lot

3

Excellent Twin Peaks location with sweeping Bay views from all 3 levels on the east facing side of the building. 781 Corbett is comprised of 5 units – Four 1Bed/1Bath Units and One Studio/1Bath Unit and 2 car s/s garage. Excellent income with one 1Bed/1Bath top floor unit delivered vacant. Perfect for investors and/or IRC 1031 exchanges. Approved plans for Soft Story retrofit (now completed) and an ADU (6^th unit) addition.

Rent Roll:

Unit 1 (Studio/1Ba): $814/Mo - Month to Month

Unit 2 (1Bed/1Ba - East): $2,015/Mo - Month to Month

Unit 3 (1Bed/1Ba - West): $2,450/Mo - Projected Market Rent - VACANT

Unit 4 (1Bed/1Ba - East/Top): $2,675/Mo - Month to Month

Unit 5 (1Bed/1Ba - West/Top): $2450/Mo (Projected Market Rate) - VACANT

Laundry: $41.67

Total Monthly Income: $10,445.67/mo

Total Yearly Income: $125,348.04/yr

Total Yearly Expenses: $37,010.10

NOI: $88,337.94

CAP RATE: 4.21%

GRM: 16.75

*Please note that all showings will be following strict COVID19 protocol and only after Agents/Prospective Buyers have signed the PEAD-V form.

Neighborhood

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It's all downhill from Twin Peaks. Literally. The second highest point in San Francisco, Twin Peaks offers the best views of the city. On a foggy night, watching the lights of the city far below, and listening to the mournful toll of the fog horns, its easy to believe you are standing on the prow of a ship in the middle of the ocean. Instead you are nearly at the geographic center of San Francisco. Stroll down one hill and you are in Cole Valley, with access to Golden Gate Park, a tidy retail district of shops and restaurants, the N-Judah and an easy commute downtown or to Ocean Beach. In the other direction, straight down 17th Street, the Castro lies stretched out at the foot of the hill. In between on the slopes of Twin Peaks, the quiet, curving streets lead to homes offering unobstructed views of the city below. The neighborhood is largely residential, with single-family homes making up the bulk of the available housing. Victorians at the foot of the slopes give rise to mid-century modern showplace homes toward the top of Twin Peaks. Clarendon School, located here, is one of the most sought after public schools in the city.