A Family-Owned Real Estate Sales & Development Company.
Serving San Francisco Since 1976.

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1244 2nd Avenue

PROPERTY DESCRIPTION:

1244 2nd Avenue is a completely renovated 16 unit building consisting of 12 residential apartments, 3 live/work lofts and 1 commercial space.

VALUE INDICATORS

Price: $5,395,000                    GRM: 12.28

Price/Unit: $337,188              CAP Rate: 5.20%

Price/Sq.Ft: $452                   Cash on Cash: 4.63%

HIGHLIGHTS

  • 2016 Building Certificate of Occupancy
  • NO RENT CONTROL
  • Structural Upgrades
  • Income:  $439,260 with Immediate Upside

BUILDING DETAILS

Units: 16               Gross Sq.Ft.: 11,928               Lot Size: 4,320

LOCATION HIGHLIGHTS:

Short Walk to Lake Merritt BART Station, 3 Blocks to Lake Merritt Pedestrian Bridge with access to Lake Merritt Amphitheater and Peralta Park, a short walk to Portal and Rockin’ Crawfish Restaurants & ACat Cafe Kalli.

SHOWING SCHEDULE:

Monday, 10/17 from 10-11:30am

Wednesday, 10/19 from 10-11:30am

Monday, 10/24, from 10-11:30am

Wednesday, 10/26 from 10-11:30am

Offers Due: Thursday, 10/27 by noon

1244 2nd Avenue

East Lake Neighborhood

LAUNDRY

N/A

UNITS

16 units