CLEMENT STREET San Francisco, CA 94118

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1 CLEMENT STREET San Francisco, CA SHOWING SCHEDULE Tue 1/10/17 10:00 11:30am Tue 1/17/17 10:00 11:30am COURT CONFIRMATION DATE 3-UNIT MIXED USE PROPERTY Inner Richmond FOR SALE $1,890,500 Wednesday, 1/18/17 at 9:00am BRE

2 TABLE OF CONTENTS EXECUTIVE SUMMARY 3 FINANCIAL OVERVIEW 5 PROPERTY PHOTOS 7 AREA OVERVIEW 9 URBAN GROUP SALES AND INVESTMENT TEAM LOUIS CORNEJO direct: louis@urbangroupsf.com BRE FAR EAST SALES AND INVESTMENT TEAM CINDY ZHU direct: czhu3388@yahoo.com BRE ELAINE HOM direct: ehom3388@yahoo.com BRE The information contained in this document has been obtained from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease, or financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. It is your responsibility to independently confirm its accuracy and completeness. You and your tax and legal advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 2

3 Property subject to Probate Court Confirmation. Buyer to use CAR Probate Purchase Contract, signed disclosure package and 10% cashier s check made payable to First American Title. Escrow # The property is to be sold on an "as is" basis. No representation or warranty, express or implied, is made as to the condition or construction of the improvements and building now situated on said property or that the improvements and building conform to existing building laws of the County of San Francisco relating to buildings, or as to age, character, condition, quality or workmanship in the construction of said improvements, or the suitability of the use now existing, or contemplated by any prospective purchaser, of said property, or the freedom from dry rot, termite infestation, asbestos or other hazardous material of said improvements, and any prospective purchaser should rely on his or her own individual investigation and inspection of said property and the improvements located thereon. This sale is subject to all tenants' rights. 3

4 EXECUTIVE SUMMARY As exclusive co-agents, Urban Group Real Estate & Far East Realty are pleased to present Clement Street, San Francisco, CA for purchase. This 5,408 square foot building is a 3-Unit Mixed Use property, located on a prime block in the busy Clement Street Business Corridor of the Inner Richmond Neighborhood of San Francisco. This section of Clement Street is lined with many popular restaurants, cafes, bakeries, markets and local retail businesses. Great upside on rents, current gross income 47% of market value. Ideal investment opportunity for Owner-User or Investor. The sale is subject to Probate Court Confirmation. INVESTMENT HIGHLIGHTS: Prime Clement Street Location 3- Unit Mixed Use Property In-Place Gross Annual Income $94,800 Great upside, current rents 47% of market rate 4

5 EXECUTIVE SUMMARY Address: Clement Street San Francisco, CA APN: Submarket: Inner Richmond Zoning: NCD Clement Street (Inner Clement Street Neighborhood Commercial) Units: 3 Building Sq. Ft: 5,408 sq. ft. Parcel Area: 2,808 sq. ft. Year Built: 1902 Foundation: Concrete Construction Type: Wood Frame Floors: 3 Current Use: 2 Residential Units & 1 Commercial Unit Unit Count. The unit count of the Property has conflicting information. On the Planning Department website, it states 3 Units and on the 3R report it states One Family Dwelling & Commercial. The residential portion of the Property is currently being leased by individual room and has been divided into multiple, separate tenancies. Prospective buyer(s) are strongly advised to do their own individual investigation on the unit count and legality of the current occupancy. No representation or warranty, is express or implied, as to the correct unit count or legality of the current occupancy. 5

6 FINANCIAL OVERVIEW ANNUAL GROSS INCOME CURRENT MARKET Gross Income $94,800 $199,800 Less Expenses ($31,633) ($31,633) Net Operating Income $63,167 $168,167 ANNUAL OPERATING EXPENSES New Property Taxes %) $22,357 $22,357 Building Insurance $5,972 $5,972 Gas and Electric $0 $0 Water $0 $0 Garbage Removal $804 $804 Repairs $2,500 $2,500 Total Base Year Expenses $31,633 $31,633 FINANCIAL SUMMARY Price $1,890,500 Gross Building Square Footage 5,408 Price/ Square Foot $ CURRENT Cap Rate 3.34% CURRENT GRM MARKET Cap Rate 8.90% MARKET GRM

7 FINANCIAL OVERVIEW TENANT INFORMATION CURRENT MARKET Unit Type Description Monthly Rent $PSF Monthly Rent $PSF Term Utilities Comments 201 Residential 1 Room $500 - $1,250 - M to M 202 Residential 1 Room $500 - $1,250 - M to M 203 Residential 1 Room $500 - $1,250 - M to M 301 Residential 3 bd/ 1.5 ba $950 - $2,000 - M to M 302 Residential combined $450 - $1,800 - M to M GRND Commercial Restaurant $5,000 $1.92 $9,100 $3.50 TOTALS $7,900 $16,650 Ends 6/30/ Year Extension at FMV 7

8 PROPERTY PHOTOS 8

9 AREA OVERVIEW PARCEL MAP AREA MAP 9

10 AREA OVERVIEW RICHMOND DISTRICT In the Northwest corner of San Francisco sits Inner Richmond, which in bordered by Golden Gate Park to the south and the Presidio to the north. Its multicultural residents posses a hip laid-back attitude. The Inner Richmond has a citywide reputation for delicious restaurants and inviting pubs like Burma Superstar, Giorgio's, Chapeau!, The Bitter End, and The Plough & the Stars. Bustling Clement street is home to indie shops like Seedstore, April in Paris, and Park Life. INNER RICHMOND 10

11 CONFIDENTIALITY STATEMENT This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains brief, selected information pertaining to the Property. However, neither the Owner nor Urban Group Real Estate Inc. purport this Package to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Any information contained herein is obtained from sources considered reliable. However, neither the Owner, nor Urban Group Real Estate Inc., make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential Memorandum or its contents, nor no legal liability is assumed or implied with respect thereto. In addition, neither the Owner nor Urban Group Real Estate Inc. is responsible for any misstatement of facts, errors, omissions, withdrawal from market, or change in terms, conditions or price without notice. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confident nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Urban Group Real Estate Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to: Urban Group Real Estate, Inc Mission Street Suite 502 San Francisco, CA Phone: Fax: