Noe Valley / Seller Represented

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4205-4207 24th Street, 800-802 Diamond Street

Property Type: Mixed-Use Property

Listing Price: $4,400,000

Sold Price: $4,200,000

Status: Sold

Highlights:

  • Unit #1: 1BR/1BA (washer/dryer) Projected Rent: $3,200 - $3,700
  • Unit #2: Jr. 1BR/1BA Projected Rent: $3,000 - $3,200
  • Unit #3: Jr. 1BR/1BA Projected Rent: $3,000 - $3,200
  • Unit #4: Studio Rented: $749.84
  • Unit #5: 2BR/1BA (washer/dryer) Projected Rent: $4,500 - $5,000
  • 4207 24th Street Commercial Unit 626 Sq. Ft. Projected Rent: $4,000 - $4,5000
  • 800 Diamond Street Commercial Unit 433 Sq. Ft. Projected Rent: $3,000 - $3,250
  • 802 Diamond Street Commercial Unit 577 Sq. Ft. Projected Rent: $3,000 - $3,250

Overview:

Ideal investment opportunity with 7 of 8 units delivered vacant! On prime corner location in coveted Noe Valley. Rebuilt 2011-2014, all alteration with building permits. 5 Residential Units + 3 Commercial Units (consisting of 2 storefronts + 2 private offices) + 2 Garages. Wired for Cat6, phone, coaxial. Seismic retrofit Soft Story completed 2014.

COMMERCIAL: New construction from 2011-2013: concrete slab foundation, moment-resisting frames, all new electrical & plumbing, 95% Efficient Furnace, 2 bathrooms, kitchenette, washer/dryer. Soundproofing with clips, channels, double layer 5/8 drywall. ADT security & video surveillance. Meets all ADA Accessibility requirements.

RESIDENTIAL: Rebuilt 2010-2011. Upgraded electrical & plumbing. Renovated units 1, 2, 3, 5. Remodeled kitchens, bathrooms, refinished hardwood floors, new paint throughout. Dishwasher and washer/dryer in units 1 & 5. Furnished option for corporate housing, perfect for business or long-term rentals.

 

Projected Annual Income $299,400 – $329,400
GRM: 14.69 – 13.37
CAP Rate: 5.30% – 5.97% 

 

*building also includes addresses 800-802 Diamond Street

Showing Schedule:

10/27/2015 Tuesday Broker's Tour, 12:00-1:15PM

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Details:

Address: 4205-4207 24th Street, 800-802 Diamond Street

City: San Francisco

State: California

ZIP: 94114

MLS#: 437831

Square Feet: 6600

Bedroom(s):

Bathroom(s):

Walk Score: 93

Location:

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About the Neighborhood:

  • Noe Valley