Offering Memorandum 3159 Baker Street, San Francisco, CA 94123

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Offering Memorandum 3159 Baker Street, San Francisco, CA 94123 Dennis Lunder Lunder Real Estate, Inc. 650.212.2595 Dennis@Lunderteam.

1 Offering Memorandum 3159 Baker Street, San Francisco, CA Dennis Lunder Lunder Real Estate, Inc CalBRE # Michael Orlando Broker Associate CalBRE # Lincoln Avenue San Jose, CA Ph Fx

Property Overview Details Address 3159 Baker Street San Francisco, CA

Year Built 1927 Parking 3 Parking Spaces Mix 6 Bed / 4 Bath Stories 3

Exterior Walls Stucco Roof Tile Laundry Facilities 2 - Onsite Garage 2-car

2 Property Overview Details Address 3159 Baker Street San Francisco, CA County San Francisco APN County Use / Zoning RHI Attributes Bedrooms 6 rooms Lot Size Acre Gross Square Feet (City Records) 4,680 Land Area (sq ft) 2,879 Year Built 1927 Parking 3 Parking Spaces Mix 6 Bed / 4 Bath Stories 3 Guest Quarters 2 bed / 1 bath Details Foundation Concrete Perimeter Exterior Walls Stucco Roof Tile Laundry Facilities 2 - Onsite Garage 2-car / 1 extra Heating / AC Forced air (zoned) Schools A.P Giannini Middle School 882 Abraham Lincoln High 778 * SFR remodeled and well maintained

3 Property Details Address 3159 Baker Street San Francisco, CA Price $4,500,000 Down Payment $2,500,000 Bedrooms / Baths 6/4 Rentable Square Feet 4,680 Price/Sq Ft $ Year Built 1927 Land Area (Acres) Current Cap Rate 3.5% Market Cap Rate 3.0% - 4.5% Current GRM 25 Market GRM Rentable Square Feet (house) 3,680 Rentable Square Footage (in-law) 1,000 Operations Summary Current Market Scheduled Gross Rent $180,000 $228,000 Vacancy (3%) ($5,400) ($5,840) Effective Gross Rent $174,600 $221,160 Other Income (Garage, Laundry, other) $0 $7,200 Total Income $174,600 $228,360 Operating Expenses (Landlord) $15,382 $57,575 Total Expenses $15,382 $57,575 Net Operating Income $159,218 $170,785 Debt Service $0 $128,837 Net Cash Flow $159,218 $42,948 Proposed Financing* Amount $2,000,000 Interest Rate 5.0% Amortization 30 years Monthly Payment $10,736 Details 30-year fixed Type # % Current Rent Market Rent Rooms 6 100% $2,500 $3,167 Total/Avg 6 100% $ $19,000 ROI (current) 6.4% Remodeled / Renovated: New roof (2004); Inside/outside paint

4 Revenue Summary Unit Current Rent Market Rent Front House & Guest Suite $15,000 $19,000 Total $15,000 $19,000 Average $15,000 $19,000 Both guest unit and main house are rented to one tenant. Revenue Source Current Market Rents $15,000 $19,000 Laundry $0 $300 Parking $0 $300 Total $15,000 / mo. $19,600 / mo.

5 Operations Statement Revenue Current Market Scheduled Gross Rent $180,000 $228,000 Vacancy (3%) ($5,400) ($6,840) Effective Gross Rent $174,600 $221,160 Other Income (Laundry & parking) $0 $7,200 Total Income $174,600 $228,360 Expenses Current Market Repairs & Maintenance (HW) $5,500 $6,500 PG&E (tenant pays) $0 $0 Water (tenant pays) $0 $0 Garbage (tenant pays) $0 $0 Gardener (tenant) $0 $0 Onsite Manager (free 1x1) Owner Owner Subtotal Operating Expenses $5,500 $6,500 Potential 5% Annually YR 1 YR 2 YR 3 YR 4 YR 5 $4.925M $4.961M $5.209M $5.470M $5.743M Property Tax $7,032 $46,875 Business Tax / License / Fees $150 $200 Insurance $2,400 $3,000 Subtotal Non-Operating Expenses $9,582 $49,875 Charge for laundry & parking Potential Upside with Rent Next year rent main house & cottage for $19,000/month or more. Legal General $150 $500 Management Fee Owner Owner Professional Fees / Advertising $150 $500 Security Deposit Interest $0 $0 Subtotal Professional/Administrative Services $300 $1,000 Total Expenses $15,382 $57,575 Net Operating Income $159,218 $170,785 Security Deposit $22,000 (collected)

Property Description & Location Location One of a kind rental income opportunity!

Gate Bridge and parts of the city of San Francisco.

The inlaws suite/cottage is 2 bedrooms, 1 bath, laundry, and kitchen.

Arts. Top location and walking distance to all the great places in San Francisco, this property has

6 Property Description & Location Location One of a kind rental income opportunity! This very well maintained Mediterranean home with guest cottage features: Panoramic views of the Golden Gate Bridge and parts of the city of San Francisco. The main house has 4 bedrooms, 1 kitchen, 3 baths, dining room, living room, and laundry room. The inlaws suite/cottage is 2 bedrooms, 1 bath, laundry, and kitchen. Both are walking distance to the Marina Green, Golden Gate Bridge, The Presidio, and the Palace of Fine Arts. Top location and walking distance to all the great places in San Francisco, this property has parking for 3 cars and a private fenced yard with private patio for entertaining. This residence is a tremendous opportunity for a buyer to acquire an attractive well-kept investment property in a great location in San Francisco.

Property Highlights & Demographics Property Highlights Well

Highly desirable area of San Francisco near Presidio and Palace of

Secure front and rear entry. On-site laundry.

Gate Bridge. Walk to Presidio & quality locations.

7 Property Highlights & Demographics Property Highlights Well maintained and easy to manage properly. Highly desirable area of San Francisco near Presidio and Palace of Fine Arts. Updated kitchen and bathrooms. Secure front and rear entry. On-site laundry. Covered parking for 2 cars Panoramic views of San Francisco & Golden Gate Bridge. Walk to Presidio & quality locations. San Francisco Demographics Population (2015) 870,087 Median Household Income (2015) $87,329 Median House Value (2015) $1,227,900 Renter Occupied Units 60% Unemployment Rate 4.8%

8 Parcel Map

9 Area Map 3159 Baker Street

10 Local Map 3159 Baker Street

11 Aerial Map

12 Photo Gallery Entryway Living Room Dining Room Kitchen Family Room Breakfast Nook

13 Photo Gallery Upper Landing Master Bedroom Master Bath Bedroom Bathroom Bedroom

14 Photo Gallery Bedroom Exterior Stairwell Lower Level Kitchen Lower Level Family/Living Room Lower Level Bedroom Lower Level Bathroom

15 Photo Gallery Backyard Outside Deck View from Deck Exterior Front Exterior Side Exterior Rear

Offering Memorandum 1567 Regent Street, Redwood City, CA

Offering Memorandum 1567 Regent Street, Scott A. Kilpatrick Senior Vice President 650.320.0265 skilpatrick@ctbt.com www.scottakilpatrick.com Lic #01271912 1950 University Avenue, Suite 220 East Palo Alto,