Extremely low maintenance low cost building
Perfect 1031 exchange candidate
Plenty of upside in rents approx. 35%
Tenants pay all utilities including water and garbage
Great tenant profile, all young professionals with 2009, 2010, and 2011 move in dates.
Hot Mission district location
Unit 2724 $4,200 Projected Unit Became vacant on March 6th 2017
Unit 2726 $2,918 May 2011 Move In Date
Unit 2728 $2,918 Sept. 2010 Move In Date
$119,892 annual income
Tax at asking price $28,242
Without a doubt, the Mission District is one of San Francisco's most vibrant neighborhoods. Stately turn-of-the-century homes line the sunny blocks of this uniquely San Franciscan district. In between its main thoroughfares of Dolores, Guerrero, and Valencia, you can find many smaller hidden architectural treasures dotting the intimate cross-street alleyways.
San Francisco's oldest building stands at the corner of 16th and Dolores. Constructed in 1776, Mission Dolores draws the gaze of passersby with its clean, early-colonial Mexican style. It remains an active Roman Catholic church, and is open daily for services and to visitors alike. Just around the corner is Dolores Park, one of the city's great neighborhood hangouts, where you might be lucky enough to catch an outdoor performance by the San Francisco Mime Troupe. Time seems of no consequence on sunny afternoons while families recline along the comfortably sloping landscape. Daytime is for the sun-worshipping crowds, while warm nights are all about people watching.
Valencia Street is among the hippest nighttime destination on the planet. Throngs of young folks dropping into the trendy new eateries, filling the local watering holes for their fix of poetry and music, hitting the local performance spaces for inspired avant-garde happenings. You will find a cultural mecca, as well as a food experience beyond compare along these lively streets.
Public transportation is as good as it gets in the Mission. Two BART stations, at 16th and Mission and 24th and Mission, complement a complete bus schedule to downtown and beyond.
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Additional Showings by Appointment:
Contact Anthony Koutsos
Contact Taya Katz