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