3632 26th Street, San Francisco - List Price: $2,750,000€¦ · 3632 26th Street, San Francisco - List Price: $2,750,000 4-RESIDENTIAL UNITS, 5-GUEST ROOMS & 1-UNWARRANTED COTTAGE

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



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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%



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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 8 Guest Room 11/01/93 $411.33* $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



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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



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INTERIOR PHOTOS | REMODELED UNITS



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INTERIOR PHOTOS | TOP FLOOR W/ GUEST ROOMS



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INTERIOR PHOTOS | COTTAGE & YARD



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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

Documents

3632 26th Street, San Francisco - List Price: $2,750,000€¦ · 3632 26th Street, San Francisco - List Price: $2,750,000 4-RESIDENTIAL UNITS, 5-GUEST ROOMS & 1-UNWARRANTED COTTAGE