3632 26th street, san francisco - list price: $2,750,000€¦ · 3632 26th street, san francisco -...
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3632 26th Street, San Francisco - List Price: $2,750,0004-RESIDENTIAL UNITS, 5-GUEST ROOMS & 1-UNWARRANTED COTTAGE
INNER MISSION/NOE VALLEY DISTRICT
ALLISON CHAPLEAUSenior Vice President
415.516.0648 | [email protected]: 01369080
EXCLUSIVELY LISTED BY:
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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PROPERTY SUMMARY | 3632 26TH STREET
3732 26th Street, San Francisco | Offered For Sale: $2,750,000
3632 26th Street is a 10-Unit Italiantate Building located in the Inner Mission District of San Francisco. This property is comprised of 4-Units, 5-Guest Rooms and 1-Unwarranted, Two-Story Cottage. Many of the units have been remodeled and five of the units will be delivered vacant. The property is situated on the border of the Inner Mission and Noe Valley. With Muni, Bart and shuttle stops for tech companies like Google, Apple, Facebook and Yahoo only a few blocks away, this property’s location is highly desirable for many tenants.
■ 4-Residential Units, 5-Guest Rooms, 1-Unwarranted Cottage & 1-Car Parking
■ Located in the Inner Mission/Noe Valley District
■ Residential Unit Mix: 2-Studios, 1-One Bedroom, 1-Two Bedroom
■ 4-Guest Rooms & Cottage Delivered Vacant
■ 2-Buildings on Property
■ Unwarranted cottage is a two level, one bedroom/two bathroom structure
■ Well-maintained building
■ Scheduled Annual Income: $212,614
■ GRM: 12.93 | CAP: 5.70%
■ Building SqFt (per floor plans): 5,293
■ Year Built: 1920
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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PROPERTY OVERVIEW
Address: 3632 26th St
Zip Code: 94110
Parcel Number: 6532-016
Units: 10-Units
Building SqFt (per floor plans): 5,293
Lot SqFt (per tax record): 2,763 (30’x112’)
Year Built: 1920
Neighborhood: Inner Mission/Noe Valley
PROPERTY AND FINANCIAL OVERVIEW | 3632 26TH STREET
FINANCIAL OVERVIEW
Price: $2,750,000
Price per SqFt: $520
Price per Unit: $275,000
GRM: 12.93
Scheduled Annual Income: $212,614
Annual Expenses (estimated): $49,600
Internet Reimbursement (unit 2): $180
Net Operating Income: $156,815
CAP Rate: 5.70%
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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INCOME & EXPENSES | 3632 26TH STREET
RENT ROLL Unit No. Current RentUnit Type
Apt 1 Studio 08/09/17 $2,200.00 $2,200
Apt 2 Studio 08/01/05 $746.70* $2,200
Apt 3 1 Bedroom 10/07/17 $3,200.00 $3,200
Apt 4 2 Bedroom 08/01/17 $4,200.00 $4,200
Rm 6 Guest Room vacant $1,250.00 $1,250
Rm 7 Guest Room vacant $1,250.00 $1,250
Rm 8 Guest Room 11/01/93 $411.33* $1,250
Rm 9 Guest Room vacant $1,250.00 $1,250
Rm 10 Guest Room vacant $1,250.00 $1,250
Cottage Unwarranted VACANT** $1,959.78 $3,600
Move-in Date
Scheduled Monthly Income:Scheduled Annual Income:
$17,717.81$212,613.72
$21,650$259,800
*Includes rent increase effective 03/01/18**OMI served in February 2015. Restrictions apply until February 2020.
Property Tax (Estimated rate 1.1792%): $32,428
Property Insurance (estimated): $5,500
Water (2017/estimated): $3,035
Garbage (2017/estimated): $2,656
PGE (2017/estimated): $4,926
Internet (2017/estimated): $1,055
Estimated Annual Expenses: $49,600
ESTIMATED ANNUAL EXPENSES Current
ProForma Rent
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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Scheduled Gross Income: $212,614
Less Vacancy Rate (Estimated at 3%): ($6,378)
Gross Operating Income: $206,235
Less Expenses (Estimated): ($49,600)
Internet Reimbursement: $180
Net Operating Income: $156,815
Projected Debt Service: ($105,521)
Net Cash Flow After Debt Service: $51,294
Cash on Cash Return: 5.33%
GRM | CAP: 12.93 | 5.70%
CurrentANNUAL OPERATING INCOME
ANNUAL OPERATING INCOME AND FINANCING | 3632 26TH STREET
FINANCING
Loan Amount: $1,787,500
Down Payment (@35%): $962,500
Interest Rate (5yr fixed): 4.25%
Amortization: 30
Annual Debt Service (Estimated): $105,521
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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INTERIOR PHOTOS | REMODELED UNITS
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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INTERIOR PHOTOS | TOP FLOOR W/ GUEST ROOMS
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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INTERIOR PHOTOS | COTTAGE & YARD
Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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NO
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Allison Chapleau | Paragon Commercial Brokerage | 415.516.0648 | [email protected] | License: 01369080
The information contained herein has been provided by various sources which may include the seller, public records, Multiple Listing Service, or others. Paragon Commercial Brokerage has not verified or investigated the accuracy of this information. Respective buyers are advised to conduct their own investigation of the property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing this property.
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The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Paragon Commercial Brokerage from sources it deems reasonably reliable. No warranty or representation, expressed or implied, is made by the owner, Paragon Commercial Brokerage, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the subject property or constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of the information. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.
The Offering Memorandum was prepared Paragon Commercial Brokerage. It contains select information pertaining to the subject property and does not purport to be all inclusive or to contain all of the information which a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the subject property will be made available to qualified prospective purchasers.
In the Offering certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.
The Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Paragon Commercial Brokerage or the owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the subject property described herein.
The owner and Paragon Commercial Brokerage expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the subject property and/or to terminate discussions with any party at any time with or without notice. The owner shall have no legal commitment or obligation to any interested party reviewing the Offering or making an offer to purchase the subject property unless a written agreement for the purchase of the subject property has been fully executed and delivered by the owner and such party and any conditions to the owner’s obligations thereunder have been satisfied or waived and then only to the extent expressly provided for therein. Paragon Commercial Brokerage is not authorized to make any representations or agreements on behalf of the owner.
CONFIDENTIALITY & DISCLAIMER | 3632 26TH STREET
CONFIDENTIALITY & DISCLAIMER