PACIFIC HEIGHTS MULTI-FAMILY PROPERTY! 20 APARTMENT UNITS 2136 BRODERICK STREET SAN FRANCISCO, CA OFFERED FOR SALE

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Darren Peters
5 years ago
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1 PACIFIC HEIGHTS MULTI-FAMILY PROPERTY! 2136 BRODERICK STREET SAN FRANCISCO, CA OFFERED FOR SALE

OFFERED FOR SALE Property Highlights Incredible Pacific Heights Location!

* (Approximately 25 x 110 ) Zoning: RH-2* Parcel No.

2 OFFERED FOR SALE Property Highlights Incredible Pacific Heights Location! 20 Efficiency Apartments 26 Storage Spaces Laundry Room Rental Upside Building Size: Approx. 6,585 Sq.Ft.* Lot Size: 2,750 Sq.Ft.* (Approximately 25 x 110 ) Zoning: RH-2* Parcel No.: * Year Built: 1890* $350,000 Per Unit GRM: 16.2 Cap Rate: 3.9% *Per MetroScan to independently verify accuracy and to review any disclosure information on file with this office.

PROPERTY OVERVIEW 2136 Broderick Street (Between Clay & Washington ) Offered at $7,000,000 2136 Broderick Street is a beautiful well-maintained 20-unit multi-family building located in the heart of

3 PROPERTY OVERVIEW 2136 Broderick Street (Between Clay & Washington ) Offered at $7,000, Broderick Street is a beautiful well-maintained 20-unit multi-family building located in the heart of Pacific Heights, one of the finest neighborhoods in San Francisco. Constructed in 1890, the building consists of 20 efficiency units boasting natural light and beautiful architectural details throughout. Many of the units have been renovated, including new bathrooms, hardwood floors, cabinets, sinks and paint. 26 storage spaces, and coin operated laundry facility. All units have separate electric meters and heat. The roof was replaced in Located in Pacific Heights, this building is highly desirable as it is within walking distance to Union Street, Chestnut Street, Fillmore Street, and Sacramento Street, all of which contain a plethora of shopping and great restaurants. Additionally, the building is conveniently located to parks such as Alta Plaza and Presidio National Park. Public transportation stops via Muni are nearby giving great and quick access throughout the City. The Golden Gate Bridge is within a short driving distance allowing easy access to Marin County and the Wine Country. Park Presidio is easily accessed leading to 19th Avenue and Interstate 280 south to the Peninsula, Half Moon Bay and San Jose. to independently verify accuracy and to review any disclosure information on file with this office.

4 INCOME & EXPENSES Scheduled Annual Gross Apartment Income (See Attached Rent Roll) $ 400,545 Bond Passthroughs 871 Storage Rental 27,085 Laundry Income 4,800 Scheduled Annual Gross Income $ 433,301 Less Vacancy 2% of Scheduled Annual Gross Income) (8,642) Adjusted Annual Gross Income $ 424,659 Estimated Annual Operating Expenses: Property Taxes % of $7,000,000) $ 82,782 Insurance 3,660 1 Gas & Electric 7,376 Water & Sewer 6,193 Garbage 6,030 Resident Manager 4,872 Payroll Tax Expense 736 Workers Compensation Expense 2,307 License Expense 1,374 Security/Life Safety 2,097 Property Management 4.5% of Adjusted Annual Gross Income) 19,056 Repairs & Maintenance (Estimated at $650 per unit) 13,000 Estimated Annual Operating Expenses: (149,483) Estimated Net Operating Income: $ 275,176 1 Estimate provided by Commercial Coverage Insurance Company Note: The above expenses and vacancy factor are estimates only, based partly on Seller s past expenses and partly on industry standards. All prospective buyers should determine their own numbers for all expenses and the vacancy factor.

5 Unit Number Type Scheduled Rent Bond Storage Rental Other Total 1 Scheduled Rent RENT ROLL Next Move-in Date Increase Date Unit 1 Efficiency $ 1, $ 1, /23/17 09/01/18 Unit 2 Efficiency 1, , /09/17 09/01/18 Unit 3 Efficiency 1, , /01/98 04/01/18 Unit 4 2 Efficiency 1, , /21/13 04/01/18 Unit 5 Efficiency 2, , /04/17 09/01/18 Unit 6 Efficiency 1, , /28/04 12/01/17 Unit 7 Efficiency 2, , /18/16 04/01/18 Unit 8 Efficiency 2, , /29/16 11/01/17 Unit 9 Efficiency 2, , /26/16 09/01/17 Unit 10 Efficiency 1, , /25/16 09/01/17 Unit 11 Efficiency 3 2, , Vacant Vacant Unit 12 Efficiency /29/94 11/01/17 Unit 13 Efficiency /05/91 12/01/17 Unit 14 Efficiency 1, , /01/17 05/01/17 Unit 15 Efficiency 2, , /30/17 06/01/18 Unit 16 Efficiency 1, , /13/17 09/01/18 Unit 17 Efficiency /24/94 10/01/17 Unit 18 Efficiency 2, , /29/15 09/01/17 Unit 19 Efficiency 1, , /24/09 02/01/18 Unit 20 Efficiency 1, , /01/17 09/01/18 Estimated Laundry Income #B3, #B26 Storage Only #B1, #B14 Storage Only Available Storage Units $100 per unit 6 1, , RENT ROLL Total Monthly $33, $72.56 $2, $ $36, Total Annual $400, $ $27, $4, $433, Total Scheduled Rent includes Scheduled rent, Bond, Storage Rental and Other. 2 Tenant is the onsite manager for both 2136 & 2148 Broderick. 3 Vacant Unit. Owner s estimated market rent. Estimated market rent depends on the quality of finishes and improvements to the unit. Seller and Broker do not warrant or guarantee the stated estimated market rent. All prospective Buyer s should use their own estimate of market rents. 4 Owner s estimated laundry income. 5 Storage Occupant has been served a rental increase notice effective 10/1/17. 6 Owner estimates the available storage units at $100 per storage space. Buyer should use Buyer s own estimate of market storage rents.

6 2136 BRODERICK EXQUISITE PACIFIC STREET HEIGHTS SAN FRANCISCO, PROPERTY! CA BRODERICK STREET SAN FRANCISCO, CA INTERIOR PHOTOS OFFERED FOR SALE to independently verify accuracy and to review any disclosure information on ﬁle with this office.

7 PROPERTY MAP to independently verify accuracy and to review any disclosure information on file with this office.

8 AERIAL MAP to independently verify accuracy and to review any disclosure information on file with this office.

PACIFIC HEIGHTS TROPHY PROPERTY! 15 APARTMENT UNITS

PACIFIC HEIGHTS TROPHY PROPERTY! 15 APARTMENT UNITS PROPERTY HIGHLIGHTS Incredible Pacific Heights Location! 6 Two Bedroom Two Bath Apartments 7 One Bedroom Apartments 2 Studio Apartments 18 Covered Parking Spaces (8 Single and 5 Tandem/Double Spaces) 20