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780 Van Ness Avenue

San Francisco, CA 94110
  • $12,000,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 422704485
UPDATED: 22 min ago
$12,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,982
    SQFT
  • $429
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1990
County:

School Ratings & Info

Description

780 Van Ness Avenue is a 20 unit four-story mixed-use building occupying a 0.34-acre parcel with 18 two-bedroom/two-bathroom rental apartments above two ground-floor commercial spaces and 22 parking spaces. The commercial space was formerly occupied by Walgreens who is on lease until 8/2025 and will continue to pay full rent until then. The cap rate is 5% based on current income. 780 Van Ness Avenue and 755 Eddy Street comprise a 0.45-acre site and are being offered together. The Properties were both developed by current ownership, in 1990 and 2003 respectively, and have been well maintained and operated ever since. Based on the date of construction they are not subject to SF rent control. The Properties represent a high-quality opportunity for an investor to acquire well-located, stabilized assets in a core San Francisco neighborhood that also offer substantial redevelopment potential.

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© 2022 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 EXP Realty. Data last updated 2022-12-01T15:20:19.733.
www.sfhothomes.com/homes/134231557
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780 Van Ness Avenue San Francisco, CA 94110

  • Price: $12,000,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 22 min ago
  • MLS #: 422704485
0
Beds
0
Baths
0
½ Baths
N/A
Acres
27,982
SQFT
$429
$/SQFT
1990
Built
Neighborhood:
Van Ness/Civic Cente
County:
San Francisco
Area:
Sf District 8
Property Description
780 Van Ness Avenue is a 20 unit four-story mixed-use building occupying a 0.34-acre parcel with 18 two-bedroom/two-bathroom rental apartments above two ground-floor commercial spaces and 22 parking spaces. The commercial space was formerly occupied by Walgreens who is on lease until 8/2025 and will continue to pay full rent until then. The cap rate is 5% based on current income. 780 Van Ness Avenue and 755 Eddy Street comprise a 0.45-acre site and are being offered together. The Properties were both developed by current ownership, in 1990 and 2003 respectively, and have been well maintained and operated ever since. Based on the date of construction they are not subject to SF rent control. The Properties represent a high-quality opportunity for an investor to acquire well-located, stabilized assets in a core San Francisco neighborhood that also offer substantial redevelopment potential.
Exterior Features

Independent Parking Spaces 0 Lot Features Corner Parking Features Uncovered Parking Total 22 Tandem Parking Spaces 0

Interior Features

Rooms Total 96 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 4.95 Number Of Units Vacant 2 Property Sub Type 5 Or More Units Special Listing Conditions None Subtype Description Mixed Use Unit Type Commercial Units Total 2 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 0 Unit Type2 Bedroom Units Total 18 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 John Antonini of Compass Commercial: .


© 2022 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 EXP Realty. Data last updated 2022-12-01T15:20:19.733.
 
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EXP Realty
75 Broadway Suite #202
San Francisco CA, 94111