970 CHESTNUT ICONIC RUSSIAN HILL MASTERPIECE
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1 970 CHESTNUT ICONIC RUSSIAN HILL MASTERPIECE
2 OFFERING MEMORANDUM 970 CHESTNUT STREET Iconic Russian Hill Masterpiece Kilby Stenkamp DRE # Vanguard Properties believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction.
3 970 CHESTNUT STREET ICONIC RUSSIAN HILL MASTERPIECE 970 Chestnut is iconic San Francisco, built in 92 by renowned architect Conrad Meussdorffer. Located on a premium block in Russian hill, at the crest of Chestnut at Hyde, where little cable cars ride halfway to the stars. Extraordinary panoramic views from the roof deck and in most units; Bridge to Bridge, Alcatraz, Ghirardelli Square, Aquatic Park, The Pyramid Building, Cable Cars, Tiburon, Oakland and beyond. Twelve spacious two bedroom units, with formal dining rooms, remodeled kitchens and baths, built-ins, fireplaces, wood floors, and period details throughout compliment his work of art. A large thirteenth three bedroom and two bath garden apartment added with permit in 989. Landscaped yard, storage units and roof deck. Iconic Trophy 3 unit building located in Russian Hill Projected annual income of,37,000 Current income with banked rent and additional ADU s 776,990 Elevator building, built in 94 Soft Story permit has been pulled Grand-scale property with approximatley 9,000 sq ft of living space* 6.66 Proforma Cap Rate, 4.08 Current Cap Rate with ADU s. Lot size per tax records 9,278 and Zoning RHD Significant rental upside. *per tax records the property is 7,782 sq ft, an additional large 3 bedroom and 2 bath garden apartment was added in 989
4 970 CHESTNUT STREET ICONIC RUSSIAN HILL MASTERPIECE 970 CHESTNUT STREET RENT ROLL Unit # Unit Split Storage Move-In S\D Last Increase Current Rent Proforma 2/5/8 8, , , x 8//8, , //6 8, , , x //8 2, , , //6 3, , , //5 4,58.0 6, x 7//8, , x 7//8, , //5 8, //8 4, , /20/4 9, , , , , //5 3, , , x2 4//09 7, //6 3, , Storage 3 vacant Coin-op Laundry* 2-3 additional ADU's* , , TOTAL INCOME 63, , *laundry income is an estimate *Buyer to do their own due diigence regarding the addition of ADU's *Current rents include banked rents and ADU s. Banked rents calculated by G3MH.
5 970 CHESTNUT STREET ICONIC RUSSIAN HILL MASTERPIECE 970 CHESTNUT STREET EXPENSES Cleaning Insurance Repairs/Maintenance Taxes* Utilities Landscaping Elevator License and Permits 4, , , , , ,77.00, TOTAL 255,70.00
6
7 IER 45 PIER 39 THE EMBARCADERO WEBSTER ST MAGNOLIA ST BUCHANAN ST LAGUNA ST BUCHANAN ST CLAY ST MCDOWELL AVE FUNSTON POPE GOUGH ST FRANKLIN ST VAN NESS AVE MACARTHUR AVE FRANCISCO ST GHIRARDELLI SQUARE CHESTNUT ST CHESTNUT ST LOMBARD ST LAGUNA ST OCTAVIA ST GREENWICH ST GREENWICH ST OCTAVIA ST BEACH ST VALLEJO ST VALLEJO ST POLK ST POLK ST LARKIN ST HYDE ST ANCHORAGE SHOPPING CENTER LARKIN ST GREENWICH ST ALLEN ST LARKIN ST JEFFERSON ST BROADWAY ST LYNCH ST FRANCISCO ST MACONDRAY LN GLOVER ST BEACH ST LEROY PL WATER ST BERNARD ST PLEASANT ST GREENWICH ST BROADWAY ST FRANCISCO ST CHESTNUT ST CHESTNUT ST LOMBARD ST LOMBARD ST FILBERT ST FILBERT ST FILBERT ST UNION ST UNION ST UNION ST UNION ST LEAVENWORTH ST LEAVENWORTH ST LEAVENWORTH ST VALLEJO ST GREEN ST GREEN ST GREEN ST GREEN ST 2 3 JOHN ST WETMORE ST CALIFORNIA ST PFEIFFER ST CLAY ST CLAY ST CLAY ST NGTON ST WASHINGTON ST WASHINGTON ST WASHINGTON ST 4 5 LAGUNA ST PACIFIC AVE PACIFIC AVE PACIFIC AVE Frascati POLK ST JACKSON ST JACKSON ST JACKSON ST JACKSON Amarena BAY ST Allegro Romano Hyde Street Seafood House & Raw Bar Leopold's BROADWAY ST VAN NESS AVE FRANKLIN ST Okoze Sushi VAN NESS AVE Bacchus Wine Bar Stones Throw Union Larder Ho s Tavern HYDE ST BAY ST 970 CHESTNUT Larkin Street Stairs Russian Hill Park Ina Coolbrith Park JONES ST JONES ST JONES ST JONES MASON ST MASON ST POWELL ST MASON ST POWELL ST BAY ST STOCKTON ST POWELL ST STONE ST GRANT AVE MEDAU PL SACRAMENTO ST SACRAMENTO ST SACRAM Fay Park 7 George Sterling Park CALIFORNIA ST 6 3 BROADWAY TUNL Molinari Mana Park Hyde & Vallejo Mini Park San Francisco Art Institute Macondray Lane PINE ST st Swensen's Ice Cream Store NORTH POINT ST JASPER PL COLUMBUS A STOCKTON ST JOICE ST
8 970Chestnut.com
2300 STOCKTON FRANCISCO, CA
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