Log In/Sign Up
Your email has been sent.
74 Crestline Dr 12 Unit Apartment Building $6,990,000 ($582,500/Unit) 4.18% Cap Rate San Francisco, CA 94131
Investment Highlights
- KILLER VIEWS - Overlooks San Francisco Bay and Downtown - Market Street - Nature Reserve on west side behind property - Exceptional Location
- AWESOME REHABS - Property Well Maintained! Come look inside by appointment.
- SPACE FOR NEW AMENITIES PLUS SPACE FOR 2 ADU'S
- HIGHER RENTS DUE TO EXCEPTIONAL LOCATION VIEWS & Very Good Management
- VALUE ADD - RENT INCREASE ON 5 UNITS Long term senior residents in the (+1 Owner's unit) below market apts. - Consider buy outs or attrition
- 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 is currently 292,124 with current expenses.
Current Owner occupies one unit for approximately 1 week per month and does not pay rent. New rent is negotiable with offer.
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 at negotiable rent. Currently does not pay rent.
See aerial video with unit interior. https://virtualtourcafe.com/3980548
Roof work completed after video...
Has small loan on property.
Seller considering small SELLER FINANCING in exchange for maintaining occupancy. (NEW)
Current Owner occupies one unit for approximately 1 week per month and does not pay rent. New rent is negotiable with offer.
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 at negotiable rent. Currently does not pay rent.
See aerial video with unit interior. https://virtualtourcafe.com/3980548
Roof work completed after video...
Has small loan on property.
Seller considering small SELLER FINANCING in exchange for maintaining occupancy. (NEW)
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2025) 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 (Pro Forma - 2025) 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 | $6,990,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $582,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.18% | Building Size | 9,544 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 18 | No. Stories | 3 |
| No. Units | 12 | Year Built/Renovated | 1965/2020 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM1 - ABLE TO ADD ADDITIONAL DWELLING UNITS. SEE CITY FOR APPROVAL REQUIREMENTS. Next door has added one and this property could add two more.... | ||
| Price | $6,990,000 |
| Price Per Unit | $582,500 |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 18 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,544 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | RM1 - ABLE TO ADD ADDITIONAL DWELLING UNITS. SEE CITY FOR APPROVAL REQUIREMENTS. Next door has added one and this property could add two more.... |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Heating
- Crown Molding
- 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
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $3,200 | 700 - 751 |
| 2+1 | 4 | $3,600 | 900 - 970 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2845-004 | Total Assessment | $1,544,010 |
| Land Assessment | $528,123 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,015,639 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
2845-004
Land Assessment
$528,123
Improvements Assessment
$1,015,639
Total Assessment
$1,544,010
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
74 Crestline Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.