Twin Peaks - Killer Views
74 Crestline Drive
San Francisco, CA 94131
Highlights
- 1031 Exchange (vehicle identified)
- Higher rents than surrounding area due to location, onsite management and extraordinary views
- Very Well Maintained and remodeled upon turnover.
- 9 of 12 are completely remodeled.
- 6 Garages, 6 large Covered Carports, Lots of Street Parking
- New Lighting
- New Common Area Interior Paint
- Large Laundry Room can be converted to other amenities
- Storage available for each resident
- Units can add Washer Dryer for Other Income potential increases
- (Owners apt. has full sized stackables in portion of closet)
- 3 units far below market, with long term occupancies (used to be 6)
- Soft-story Retrofit completed
- Pass through income in effect with long term residents
- 2 ADDITIONAL DWELLING UNITS MAY BE ADDED TO MAKE IT 14 UNITS
- Similar neighboring property has converted carports to an ADU.
- Other Income category not tapped. Strong upside potential.
- One owner to keep his unit on long term lease. Rent negotiable.
Description
Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve. No neighbors behind, and panoramic views of SF Bay and the City in front, highly accent this exceptional property with a Value Add component.
RECENT TURNOVERS have allowed the income to DRASTICALLY INCREASE for the forthcoming year. Nine units have been beautifully remodeled.
Sellers retiring and exchanging into more passive income stream. One owner to keep his unit at a reduced rent amount as shown on the rent roll. Rent Negotiable along with seller participation in sale to assist with first years expenses.
Adjacent to the Sutro Tower Nature Reserve on Crestline above Gardensale and Burnett in the Vista Francisco neighborhood.
High atop Twin Peaks. Crestline @ Vista Lane on tour bus route.
