5201-5205 mission street - loopnet · 2018-04-18 · ©2016 coldwell banker real estate llc. ......

Offer Memorandum

5201-5205 Mission St.

San Francisco, CA 94112

Christina Chung, CRS, GRI, SRES Top 1% Agent Nationwide 415.987.6050 | mobile 415.452.7808 office [email protected] www.christinachung.com CalBRE #00716773

mailto:[email protected]

5201-5205 Mission Street

©2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. All rights reserved. This information was supplied by Seller and/or other sources. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction. Real Estate Agents affiliated with Coldwell Banker Residential Brokerage are Independent Contractor Sales Associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License # 01908304.

Coldwell Banker Disclaimers

• ©2018 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. All rights reserved. This information was supplied by Seller and/or other sources. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction. Real Estate Agents affiliated with Coldwell Banker Residential Brokerage are Independent Contractor Sales Associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License # 01908304.

• If you intend to present an offer on this property, please make sure that you have the most current version of the disclosure packet and have your clients sign the acknowledgment of receipt at the bottom of the cover letter and return to us along with your offer. Christina Chung, and Coldwell Banker have not verified any of the information in those documents that were prepared by other people and third parties. Buyers are advised to satisfy themselves as to the issues discussed in these documents.

Offers

All offers from qualified buyers will be given serious consideration. For offers to be given serious consideration, qualified buyers should include background information on themselves and identify

their source(s) of equity and debt. The property is being offer on an “As-Is” basis. The Seller specifically reserves the right, in its sole discretion, to accept or decline an offer(s), regardless of

price and/or terms.

All offers shall be submitted to exclusive listing agent; Christina Chung. Contact listing agents for all tours and questions.



5201-5205 Mission Street T A B L E O F C O N T E N T S

Section 1 District Summary

Section 2 Rent Roll

Section 3 Financial Overview

• Annualized Operating Data o Income o Expenses

• Scheduled Income • Overview • Financing

Section 4 Investment Overview

• Investment Highlights • Property Photos • Property Map • Assessor’s Map




DISTR ICT SUMMARY

The Mission District is located in east-central San Francisco. It is bordered to the east by U.S. Route

101, which forms the boundary between the eastern portion of the district, known as “Inner Mission”,

and its eastern neighbor, Potrero Hill. The principal thoroughfare of the Mission District is Mission

Street. South of the Mission District, along Mission Street, are the Excelsior and Crocker-Amazon

neighborhoods, sometimes referred to as the “Outer Mission”.

The Mission is often warmer and sunnier than other parts of San Francisco. The Mission includes four

recognized sub-districts. The northeastern quadrant, adjacent to Potrero hill is known as a center for

high tech startup businesses including some chic bars and restaurants. The northwest quadrant along

Dolores Street is famous for Victorian mansions and the popular Dolores Park at 18th Street.

Two main commercial zones, known as the Valencia corridor (Valencia St, from about 15th to 22nd)

and the 24th Street corridor known as Calle 24 in the south-central part of the Mission District are both

very popular destinations for their restaurants, bars, galleries and street life. The Mission district is

also famous and influential for its restaurants. Dozens of taquerias are located throughout the

neighborhood, showcasing a localized styling of Mexican food. San Francisco is the original home of

the Mission burrito.

Numerous Latino artistic and cultural institutions are based in the Mission. These organizations were

founded during the social and cultural renaissance of the late 1960s and early 1970s. Latino

community artists and activists of the time organized to create community-based arts organizations

that were reflective of the Latino aesthetic and cultural traditions. The Mission is rich in musical

groups and performances. Mariachi bands play in restaurants throughout the district, especially in the

restaurants congregated around Valencia and Mission in the northeast portion of the district. The

Mission District is also very popular for its influencing Hip-Hop/Rap music scene.

The neighborhood is served by the BART rail system with stations on Mission Street at 16th Street

and 24th Street, by Muni bus numbers 9, 9R, 12, 14, 14R, 22, 27, 33, 48, 49, 67, and along the

western edge by the J Church Muni Metro line, which runs down Church Street and San Jose Ave.



RENT ROLL

Unit Type Current Rent Market Rent* Status

1501 Mission Street Commercial $1,500 $2,500 Lease until 7/30/2020

1505 Mission Street Commercial $1,700 $2,500 Lease until 4/30/2021

10 Pope Street #1 2BR/1BA $2,000 $3,000 Month to month

10 Pope Street #2 2 BR/1BA $1,900 $3,000 Month to month

10 Pope Street #3 Studio $1,100 $1,800 Month to month

10 Pope Street SFR $2,200 $2,800 Month to month

Monthly Total $10,400 $15,600

Annual Total $124,800 $187,200

*Note: Achievement of market rent is subject to restrictions imposed by San Francisco rental eviction control legislation.



F INANCIAL OVERVIEW A N N U A L I Z E D O P E R A T I N G D A T A

INCOME CURRENT PRO FORMA*

Gross Potential Rent $125,760 $187,200

Other Income $960 $960

Gross Potential Income $126,720 $188,160

Less Vacancy/Deductions (GPR) 1.5% / $1,885 1.5% / $2,808

Effective Gross Income $124,835 $185,352

Less Expenses $43,209 $43,209

Net Operating Income $81,626 $142,143

Net Cash Flow Before Debt Service $81,626 $142,143

Debt Service $78,768 $78,768

Debt Coverage Ratio 1.04 1.8

EXPENSES CURRENT PRO FORMA*

Real Estate Taxes (1.1723%) $35,169 $35,169

Insurance $3,600 $3,600

Water $3,000 $3,000

Repairs & Maintenance $1,440 $1,440

Management Fee $6,288 $9,360

Total Expenses $49,497 $52,569

Expenses/Unit $8,249 $8,761

Expenses/SF $13.50 $14.34

*Note: Achievement of market rent is subject to restrictions imposed by San Francisco rental eviction control legislation.



Financial Overview Financing

Price $2,750,000 FIRST TRUST DEED

Down Payment 50%/$1,375,000

Loan Amount $1,375,000

Number Of Units 6 Loan Type Proposed New

Price/Unit $458,333 Interest Rate** 4.5%

Gross Square Feet 3,667 sq.ft. Amortization 30 Years

Price/SF $749 Loan to Value 50 %

CAP Rate- Current 3%

CAP Rate- Pro Forma* 5%

GIM- Current 21.89

GIM- Pro Forma* 19.35

Year Built 1925

Lot Size 2,800 sq.ft.

Type of Ownership Fee Simple

*Note: Achievement of market rent is subject to restrictions imposed by San Francisco rental eviction control legislation. **Note: Loan information is time sensitive and subject to change.



I N V E S T M E NT O V E R V I E W

I NV E ST M ENT H IG HL IG HT S

• Fantastic Mission location • Tremendous potential with rental upside • Newer double pane windows • Newer electrical and gas meters • Ideal corner building with single family home

5201 – 5205 Mission Street is a great investment opportunity in the heart of Mission district excellent corner 5 units plus one separate single-family dwelling with 2 bedrooms and a 2-car garage. There are two commercial retails on street level, 2 x 2 bedrooms and 1 x studio upstairs, new water heaters, roof, electrical meters and newer double pane windows, yearly income of $124,835 at 3% cap. One block from Geneva Ave, close proximity to Balboa Park BART station and freeway access, Muni is just around the corner, most of the units have updates granite kitchen and tile baths, great rental with upside potential.



Property Photos



Property Map



Assessor’s Map



Contact exclusive listing agents for all tours and questions.

All offers shall be submitted to:

Christina Chung, CRS, GRI, SRES 415.987.6050 | mobile [email protected]

CalBRE #00716773

2616 Ocean Avenue, San Francisco, CA 94132 C: 415-987-6050 • F: 415-452-1888

mailto:[email protected]

5201-5205 mission street - loopnet · 2018-04-18 · ©2016 coldwell banker real estate llc. ......

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