2450 Van Ness Ave
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2450 Van Ness Ave
2,311 SF 100% Leased Retail Building San Francisco, CA 94109 £1,883,978 (£815/SF) 6% Net Initial Yield
Investment Highlights
- Corner of Union + Van Ness in Russian Hill
- Vacant 2,000 +/- retail space. Excellent for owner user or could be split.
Executive Summary
2450-2456 Van Ness Avenue is a five (5) unit mixed-use building located steps from Union Street. With 5,644 sq ft of rentable space - the units include two 1 bedroom-1 bath units, one 2 bedroom-1 bath unit, one 3 bedroom-1 bath unit, and one commercial space that is approximately 2,000 sq/ft. The backyard offers a spacious, quite garden. The commercial space could be a useful home to an owner-user who could occupy the entire ground-floor or split the space into two side-by-side storefronts. 6.1% cap rate, 11.35 GRM, $425 price/foot. Touring by appointment. Contact john@antoninisf.com
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£165,950
|
£71.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,978
|
£2.15
|
| Effective Gross Income |
£160,972
|
£69.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£45,745
|
£19.79
|
| Net Operating Income |
£115,227
|
£49.86
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £165,950 |
| Annual Per SF | £71.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,978 |
| Annual Per SF | £2.15 |
| Effective Gross Income | |
|---|---|
| Annual | £160,972 |
| Annual Per SF | £69.65 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £45,745 |
| Annual Per SF | £19.79 |
| Net Operating Income | |
|---|---|
| Annual | £115,227 |
| Annual Per SF | £49.86 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,311 SF
Building Class
B
Year Built
1950
Price
£1,883,978
Price Per SF
£815
Net Initial Yield
6%
NOI
£113,039
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.62
Land Acres
0.09 AC
Zoning
RC-3
Frontage
43 ft on Van Ness
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0547-013 | Improvements Assessment | £222,576 |
| Land Assessment | £217,870 | Total Assessment | £440,446 |
PROPERTY TAXES
Parcel Number
0547-013
Land Assessment
£217,870
Improvements Assessment
£222,576
Total Assessment
£440,446
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2450 Van Ness Ave
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