Investment Real Estate Services

SOLD: Presidio Heights Mixed-Use Investment Property

3454_sacramento_web

 

– List Price: $2,750,000

– Sale Price: $2,800,000 (All cash transaction. 8 day close of escrow)

– Two Full Floor Residential Flats

– Street Level Retail/Commercial

– Excellent Presidio Heights Location

– Owner/User Potential

3452-3454-3456 Sacramento Street is a three unit mixed-use investment property located along one of San Francisco’s most sought after locations in Presidio Heights. The building was built in 1909 according to tax records and features two full floor residential flats, three car off-street parking, and a street level retail unit. In addition, the two bedroom, two bathroom flat will be delivered vacant*. The commercial tenant is a few months into their first 3 year lease term with two 1 year options. The lease also calls for annual increases (see lease addendum for schedule).

The building is separately metered for gas and electric. The tenants pay their own utilities; including garbage. Electrical and plumbing have been upgraded as needed. The property sits on a large lot with a backyard, detached garage, and separate parking pad. The commercial/retail portion of the building can also be entered from the rear into a common area with a staff room (table, refrigerator, microwave, etc. and broom closet) and lavatory. A private office (currently owner occupied) is accessed from the common area. The ground floor holds a Conditional Use Authorization for office use.

Given the excellent location and condition, and the fact that a full floor two bedroom flat will be vacant, 3452-3456 Sacramento represents an tremendous opportunity to both an owner/user and an investor.

* 3454 Sacramento is a 2 bdrm/2 bath currently occupied by the owner. She intends to vacate but will need to sign a leaseback after sale for a period of approximately 3-6 months. Ask agent for additional details.

Click HERE for a full marketing statement.



Comments are closed.