74 Crestline Dr
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74 Crestline Dr
12 Unit Block of Flats £5,486,948 (£457,246/Unit) 3.71% Net Initial Yield San Francisco, CA 94131
Investment Highlights
- KILLER VIEWS - Overlooks San Francisco Bay and Downtown - Market Street - Nature Reserve on west side behind property
- AWESOME REHABS - Property Well Maintained! Better than anything around it. Come look inside by appointment.
- SPACE FOR NEW AMENITIES PLUS SPACE FOR 2 ADU'S
- HIGHER RENTS DUE TO RECENT TURNOVER AND EXCEPTIONAL LOCATION VIEWS & MGMT
- VALUE ADD - RENT INCREASE ON 3 UNITS Long term senior residents in the 4 below market apts. - Consider buy outs
- VALUE ADD OTHER INCOME POTENTIAL - totally untapped, can add washer dryers or more machines in laundry room, pet rent, has space for more amenities
Executive Summary
NOI year one is $259,371 without any additional turnover. (with buyouts of 3 units, the income goes up approx. 36k)
Call/Text 951) 501-6567 or email Socalapartments@kwcommercial.com for Updated Offering Memorandum.
Trophy Location at the top of Twin Peaks. Everyone loves it there. Higher rents even during pandemic....Killer Views, Excellent Condition.
6 Remodels in 2020/21! 3 Remodels in 23/24.
Huge rental income increases.
UNITS RENT THEMSELVES DUE TO EXTRAORDINARY VIEWS AND LOCATION.
LARGE VALUE ADD FOR 4/12 OF THE UNITS
UNITS BEAUTIFULLY REHABBED!
LARGE VALUE ADD FOR OTHER INCOME! (OTHER INCOME UNTAPPED)
ADDITIONAL DWELLING UNITS POTENTIAL (2 ADU's possibly. Next door Neighbor has completed one very nicely)
EXCELLENT LOCATION FOR CITY AND SUBURBAN LIVING and.... BRINGS HIGHER RENTS
SOFT STORY RETROFIT COMPLETED
PASS THROUGHS IN PLACE
Senior Owner to Lease Back One Unit on Long Term Lease
See aerial video with unit interior. https://virtualtourcafe.com/3980548
Roof work completed after video...
Call/Text 951) 501-6567 or email Socalapartments@kwcommercial.com for Updated Offering Memorandum.
Trophy Location at the top of Twin Peaks. Everyone loves it there. Higher rents even during pandemic....Killer Views, Excellent Condition.
6 Remodels in 2020/21! 3 Remodels in 23/24.
Huge rental income increases.
UNITS RENT THEMSELVES DUE TO EXTRAORDINARY VIEWS AND LOCATION.
LARGE VALUE ADD FOR 4/12 OF THE UNITS
UNITS BEAUTIFULLY REHABBED!
LARGE VALUE ADD FOR OTHER INCOME! (OTHER INCOME UNTAPPED)
ADDITIONAL DWELLING UNITS POTENTIAL (2 ADU's possibly. Next door Neighbor has completed one very nicely)
EXCELLENT LOCATION FOR CITY AND SUBURBAN LIVING and.... BRINGS HIGHER RENTS
SOFT STORY RETROFIT COMPLETED
PASS THROUGHS IN PLACE
Senior Owner to Lease Back One Unit on Long Term Lease
See aerial video with unit interior. https://virtualtourcafe.com/3980548
Roof work completed after video...
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £5,486,948 | Apartment Style | Low Rise |
| Price Per Unit | £457,246 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Net Initial Yield | 3.71% | Building Size | 9,544 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 18 | Number of Floors | 3 |
| No. Units | 12 | Year Built/Renovated | 1965/2020 |
| Property Type | Residential | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment |
| Price | £5,486,948 |
| Price Per Unit | £457,246 |
| Sale Type | Investment |
| Net Initial Yield | 3.71% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 18 |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,544 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.26/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Heating
- Crown Moulding
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Views
- Deck
- Handrails
- Intercom
- Skylights
- Window Coverings
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Disposal Chutes
- Rubbish Collection - Kerbside
- Walking/Biking Trails
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | £2,510 | 700 - 751 |
| 2+1 | 4 | £2,824 | 900 - 970 |
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PROPERTY TAXES
| Parcel Number | 2845-004 | Total Assessment | £1,164,219 (2023) |
| Land Assessment | £398,179 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £765,742 (2023) | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
2845-004
Land Assessment
£398,179 (2023)
Improvements Assessment
£765,742 (2023)
Total Assessment
£1,164,219 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2025
zoning
| Zoning Code | RM1 (ABLE TO ADD ADDITIONAL DWELLING UNITS. SEE CITY FOR APPROVAL REQUIREMENTS. Next door has added one and this property could add two more....) |
| RM1 (ABLE TO ADD ADDITIONAL DWELLING UNITS. SEE CITY FOR APPROVAL REQUIREMENTS. Next door has added one and this property could add two more....) |
-
Robyn Wonnell -
SoCal Apartment Brokers, Inc and KW Commercial
1 of 43
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74 Crestline Dr
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