1-3 Bache Street - Poletti

Just Listed > For Sale
1-3 Bache Street
Multi-Unit Apartment
San Francisco, CA
OFFERING MEMORANDUM
Exclusive Listing Agent
Nathan Demosthenes
Poletti Realty
333 El Camino Real
South San Francisco, CA
650.520.9003
[email protected]
Lic#01927262
John Poletti
Poletti Realty
333 El Camino Real
South San Francisco, CA
650.455.4312
[email protected]
Lic#01884624
Nathan Demosthenes / John Poletti
Poletti Realty
[email protected] / [email protected]
polettirealty.com
1-3 Bache Street
San Francisco, CA
PROPERTY DESCRIPTION
1-3 Bache Street
±2,250 Sq Ft Industrial Building
±2,438 Sq Ft Lot
Located in the heart of San Francisco in the Bernal Heights District
2 Legal Unit However Leased out as 4 Units
±2 Garages
Currently 4 Tenant Building
Currently accommodates 1 Studio, 1 Bedroom Apartment & 2 Two
Bedroom Apartments with Garages.
Boundaries are Mission Ave to the West, Army St to the North Hwy 280 to
the South, Hwy 101 to the East
Zoning RH-2
Year Built
Building Sq Ft
Lot Size
Cap Rate
Units Size
Unit Capacity
1930
2,250 Sq Ft
2,438 Sq Ft
Currently
1125 Sq Ft
2 Legal Units
Current Rent
Currently 2 Legal Units
Total
$4,049.00
The information contained herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be
verified prior to purchase or lease.
Nathan Demosthenes / John Poletti
Poletti Realty
[email protected] / [email protected]
polettirealty.com
1-3 Bache Street
San Francisco, CA
PROPERTY LOCATION
San Francisco is a vibrant and diverse community with respect for its
heritage and a vision for the future.
San Francisco combines a prime commercial real estate location, room
for growing businesses and a large and talented work force. Housing,
good schools and close proximity to many of the San Francisco Bay
Area’s world-famous destinations make Bache Street Apartments
attractive for any investor.
The city's location, natural amenities, and abundant attractions are some
of the attributes that make San Francisco a great place to live. The
population of San Francisco has increased from 714,000 people in 1970
to 837,442 People (2013). The city and surrounding areas remain one of
the most desirable urban growth centers in the Bay Area, even in trying
economic times.
San Francisco is located in San Francisco County with a population
growth of about 3% yearly and an estimated growth to over 1 Million
Residents by the year 2035 which makes San Francisco have some major
upsides.
APN# 5809-018A
SFO Airport: 9.6 Miles San Jose: 45.7 Miles Napa: 51.2 Miles
City Size:
Population (2013)
Avg Population Growth
Elevation
231.89 Sq Miles
837,442 People
3%
52 Ft Above Sea Level
The information contained herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be
verified prior to purchase or lease.
Nathan Demosthenes / John Poletti
Poletti Realty
[email protected] / [email protected]
polettirealty.com
1-3 Bache Street
San Francisco, CA
PROPERTY PHOTOS
The information contained herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be
verified prior to purchase or lease.
Nathan Demosthenes / John Poletti
Poletti Realty
[email protected] / [email protected]
polettirealty.com
1-3 Bache Street
San Francisco, CA
VALUATION
PROPERTY INCOME
CURRENT INCOME
MARKET INCOME
Gross Rent
ANNUAL
$48,588.00
ANNUAL
5% ($50,832.00)
MONTHLY
$4,,236.00
Vacancy (3%)
(0%) No Vacancy
3% ($1,525.00)
$127.08
Actual Gross Rent
$48,588.00
$49,307.00
$4,108.92
Addition Income
$0
$0
$0
Total Income
$48,588.00
$49,307.00
$4,108.92
Utilities
Paid By Tenants
Paid By Tenants
$0
Repair & Maintenance
$2,500.00
3%(1,500.00)
$125.00
Other Expenses
$0
$0
$0
TOTAL OPERATING EXPENSES
$2,500.00
$1,500.00
$125.00
Property Tax
$1,975.00
$13,200.00
$1,100.00
Insurance
$1,900.00
$1,900.00
$158.33
TOTAL NON-OPERATING EXPENSES
$6,375.00
$15,100.00
$1,258.33
TOTAL EXPENSES
$6,375.00
$16,600.00
$1,383.33
NET OPERATING INCOME
$42,213.00
$34,232.00
$2,852.66
PROPERTY EXPENSES
The information contained herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be
verified prior to purchase or lease.
Nathan Demosthenes / John Poletti
Poletti Realty
[email protected] / [email protected]
polettirealty.com