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    2501 Van Ness Avenue

    San Francisco, CA 94109
    • $4,350,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 421528578
    UPDATED: 58 min ago
    $4,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,741
      SQFT
    • $447
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    2501 Van Ness is a corner mixed-use property in Cow Hollow. This asset consists of 4 commercial tenants, 13 SRO, and 1 two-level apartment. The SRO are operated by a master lessee who also occupies the two-level apartment. The master lease is month-to-month at a rent that is significantly below market rate and provides for excellent upside potential. There are 13 SRO's split between two levels. At street-level are four retail units with stable tenants who are all month-to-month or with a short time remaining on their lease. The largest of these spaces is a convenience store along Van Ness Avenue. Tenants currently pay all utilities, except for a common area PG&E account that only costs about $800/year, keeping operating expenses to a minimum. The property requires a soft-story seismic retrofit, approved plans for which are available for review. This is a unique opportunity for a new owner to increase the property's income by operating the SRO, or restructuring the current agreement.

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    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-04-14T08:20:19.717.
    www.sfhothomes.com/homes/115156906
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    2501 Van Ness Avenue San Francisco, CA 94109

    • Price: $4,350,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 421528578
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,741
    SQFT
    $447
    $/SQFT
    1906
    Built
    Neighborhood:
    Sf District 7
    County:
    San Francisco
    Area:
    Sf District 7
    Property Description
    2501 Van Ness is a corner mixed-use property in Cow Hollow. This asset consists of 4 commercial tenants, 13 SRO, and 1 two-level apartment. The SRO are operated by a master lessee who also occupies the two-level apartment. The master lease is month-to-month at a rent that is significantly below market rate and provides for excellent upside potential. There are 13 SRO's split between two levels. At street-level are four retail units with stable tenants who are all month-to-month or with a short time remaining on their lease. The largest of these spaces is a convenience store along Van Ness Avenue. Tenants currently pay all utilities, except for a common area PG&E account that only costs about $800/year, keeping operating expenses to a minimum. The property requires a soft-story seismic retrofit, approved plans for which are available for review. This is a unique opportunity for a new owner to increase the property's income by operating the SRO, or restructuring the current agreement.
    Exterior Features

    Independent Parking Spaces 0 Lot Features None Parking Total 0 Tandem Parking Spaces 0

    Interior Features

    Basement PartialStorage Area Rooms Total 25 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

    Property Features

    Cap Rate 206 Number Of Units Vacant 0 Property Sub Type 5 Or More Units Separate Meters Varies By Unit Special Listing Conditions None Subtype Description Mixed Use Unit Type Commercial Units Total 4 Unit Type Studio Units Total 13 Unit Type1 Bedroom Units Total 0 Unit Type2 Bedroom Units Total 1 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit4 Rent 0

    Listing provided courtesy of Adam Filly of Compass.


    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-04-14T08:20:19.717.
     
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    San Francisco CA, 94109