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    74 Crestline Drive

    San Francisco, CA 94131
    • $6,995,000
    • STATUS: Active
    • ON SITE: 488 days
    • ID#: SW19279533
    UPDATED: 34 min ago
    $6,995,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,544
      SQFT
    • $733
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve. No neighbors behind, and panoramic views of SF Bay and The City in the front, highly accent this exceptional property with A Value Add Component for Fix & Flip, BRRRR or long term hold. Recent turnovers have drastically improved the income for the forthcoming year. Six units beautifully rehabbed. Two additional units may be added to make it 14 total. 1031 Exchange, Higher Rents than surrounding area due to exceptional location and views, well maintained, 6 garages and 6 carports along with lots of street parking. Other Income category not tapped and has large upside potential. One unit has washer dryer and others are possible. 5 units far below market rents. All rent paid during Covid. No collection issues during the pandemic.Very Well Maintained and Highly Upgraded Apartments in 7 of the 12.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/101663307
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    74 Crestline Drive San Francisco, CA 94131

    • Price: $6,995,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: SW19279533
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    9,544
    SQFT
    $733
    $/SQFT
    1965
    Built
    Neighborhood:
    SFO - San Francisco
    County:
    San Francisco
    Area:
    SFO - San Francisco
    Property Description
    Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve. No neighbors behind, and panoramic views of SF Bay and The City in the front, highly accent this exceptional property with A Value Add Component for Fix & Flip, BRRRR or long term hold. Recent turnovers have drastically improved the income for the forthcoming year. Six units beautifully rehabbed. Two additional units may be added to make it 14 total. 1031 Exchange, Higher Rents than surrounding area due to exceptional location and views, well maintained, 6 garages and 6 carports along with lots of street parking. Other Income category not tapped and has large upside potential. One unit has washer dryer and others are possible. 5 units far below market rents. All rent paid during Covid. No collection issues during the pandemic.Very Well Maintained and Highly Upgraded Apartments in 7 of the 12.
    Exterior Features

    Architectural Style ContemporaryCraftsman Carport Spaces 6.00 Construction Materials StuccoVinyl SidingWood Siding Entry Location Crestline Drive Lobby Garage Spaces 6.00 Lot Features Lot 6500-9999Near Public TransitPark NearbyRolling SlopeSteep SlopeWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedAttached CarportControlled EntranceCoveredConcretePavedDriveway LevelGarageGarage Faces FrontGarage - Three DoorOff StreetOn SiteOtherPrivatePublicStreetStructure Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 6.00

    Interior Features

    Appliances DishwasherElectric OvenElectric RangeElectric Water HeaterDisposalRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 750 Average1 Bed Area Units Square Feet Average2 Bed Area 900 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Flooring CarpetLaminateTileWood Heating Central Heating YN Yes Interior Features BalconyCopper Plumbing FullCrown MoldingOpen FloorplanPhone SystemStorage Laundry Features Common AreaCommunityIndividual RoomInsideSee Remarks Levels Two Room Type Two Masters

    Property Features

    Additional Parcels YN No Association Amenities Maintenance GroundsTrashControlled Access Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.60 Community Features FoothillsHikingUrban Country Us Current Financing Conventional Electric 220 Volts in LaundryStandard Elevation Units Feet Fuel Expense 0.00 Gross Income 318237.00 Gross Operating Income 305705.00 Gross Scheduled Income 317279.00 Inclusions Owner Will Lease Back One Of The Apartments On A Long Term Lease As Part Of Sales Agreement At A Reduced Rent. Insurance Expense 0.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 958.00 Laundry YN Yes Net Operating Income 251082.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 12 Number With Dishwasher 4 Number With Disposal 2 Number With Patio 12 Number With Range 12 Number With Refrigerator 12 Operating Expense 54623.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Twin Peaks @ Villa Francisca Tax Rate 1.20 Tax Year 2019 Taxes Percent 1.20 Tenant Pays Cable TvElectricityGas Total Actual Rent 357012.00 Total Expenses 54623.00 Trash Expense 0.00 Utilities Cable AvailableElectricity Available Vacancy Allowance 12532 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Rm1

    Listing provided courtesy of Robyn Wonnell of Kw Temecula


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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