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    74 Crestline Drive

    San Francisco, CA 94131
    • $6,995,000
    • STATUS: ACTIVE
    • ON SITE: 409 days
    • ID#: 302320050
    UPDATED: 30 min ago
    $6,995,000
    • 4
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 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.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    74 Crestline Drive San Francisco, CA 94131

    • Price: $6,995,000
    • Status: ACTIVE
    • Updated: 30 min ago
    • ID#: 302320050
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1965
    Built
    Neighborhood:
    San Francisco (94131)
    County:
    San Francisco
    Area:
    San Francisco (94131)
    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 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

    Exterior StuccoVinylWood Parking Garage Desc Unit1 Assigned Pool N/K Topography RollingSlope Steep Units With Patios 12

    Interior Features

    Cooling N/K Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 12 Units With Refrigerators 12 Units With Washers 4 Water Heater Type Electric

    Property Features

    Actual Cap Rate 3.6 Annual Expense Actual 54623 Assessments Yes/Remarks Buildings 1 Gross Scheduled Income Actual 317279 Home Owners Assoc Fee Includes Exterior (Landscaping)Gated CommunityTrash Pickup Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1218.0 Unit2 Rent Actual 1661.0 Unit3 Rent Actual 1413.0 Unit4 Rent Actual 1408.0 Water Meter On Property Zoning Rm1

    Listing provided courtesy of Kw Temecula. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131