81 WOODWARD STREET SAN FRANCISCO, CA 94103
Offered at $1,850,000 6 Units in the Mission District Unit Mix: 6- Two Bedrooms Scheduled Annual Income: $116,433.48 GRM: 15.89 | CAP: 3.16% Venus Zheng 415.506.8878 CalBRE #02019715 Venus.zheng@compass.com 1699 Van Ness Ave | San Francisco
PROPERTY SUMMARY 81 WOODWARD STREET
ASKING PRICE $1,850,000
81 Woodward is a six-unit building in the trendy Mission neighborhood. The property features six - two bedroom / one bath units. The owner have spent over $200k on recent capital improvements. Recent upgrades to the building include seismic retrofit, exterior paint to bring the facade to life, security cameras, a complete rebuild of the central staircase. The units are separately metered for gas and electricity. The building is fully rented with a stable tenant base. Significant rental upside. For the investor looking to increase top-line revenue, there is potential to add an ADU on ground level and possible TIC Conversion potential. The location is perfect for the urban lifestyle with a 99 walk score, 81 transit score, and 98 bike score. Nearby commerce includes Rainbow Grocery, SF-favorite Pancho Villa Taqueria, and James Beard-winning Tartine Bakery.
Property Summary: Price: Building SqFt (per tax record): Price per SqFt: Price per Unit: Year Built: Parcel Number :
$1,850,000 4,004 $462.04 $308,333.33 1908 3532-056A
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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PROPERTY OVERVIEW 81 WOODWARD STREET
ASKING PRICE $1,850,000
ANNUAL OPERATING INCOME
SCHEDULED
PRO-FORMA
Annual Income:
$116,433.48
$230,400.00
Annual Expenses:
$57,919.92
$57,919.92
Net Operating Income:
$58,513.56
$172,480.08
GRM:
15.89
8.03
CAP:
3.16%
9.32%
ANNUAL EXPENSES
RENT ROLL
UNIT #
New Property Tax: ( est @ 1.1984% ) Property Insurance:
$22,170.40 $2,203.48
Water& Sewer
$12,373.50
Garbage
$6,625.17
PG&E Repair & Maintenance: Magagement Fee
$408.40 $6,707.88 $7,431.09
Annual Expenses:
$57,919.92
Move In Date
Unit Type
81
04/15/1991
2BR/1BA
$961.23
$1,108.44
$3,200.00
81A
12/01/2005
2BR/1BA
$1,461.16
$1,608.37
$3,200.00
81B
03/09/2002
2BR/1BA
$1,893.50
$2,040.71
$3,200.00
83
06/18/2003
2BR/1BA
$1,510.51
$1,657.72
$3,200.00
83A
12/18/2016
2BR/1BA
$1,481.54
$1,628.75
$3,200.00
83B
06/18/2003
2BR/1BA
$1,511.59
$1,658.80
$3,200.00
$8,819.53 $105,834.36
$9,702.79 $116,433.48
$19,200 $230,400
Monthly Rental Income: Annual Rental Income:
Current Rent
Rent + CapEx
Projected
Cap-Ex Expenditures for Camera, Exterior Paint, Staircase, Etc ~$147.21
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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PROPERTY PHOTOS 81 WOODWARD STREET
ASKING PRICE $1,850,000
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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FLOOR PLAN 81 WOODWARD STREET
Ground Floor
1st Floor
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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FLOOR PLAN 81 WOODWARD STREET
2nd Floor
3rd Floor
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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DISCLAIMER 81 WOODWARD STREET
ASKING PRICE $1,850,000
The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Compass Commercial from sources it deems reasonably reliable. No warranty or representation, expressed or implied, is made by the owner, Compass Commercial, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the subject property or constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of the information. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. The Offering Memorandum was prepared by Compass Commercial. It contains select information pertaining to the subject property and does not purport to be all inclusive or to contain all of the information which a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the subject property will be made available to qualified prospective purchasers. In the Offering certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. The Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Compass Commercial or the owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the subject property described herein. The owner and Compass Commercial expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the subject property and/or to terminate discussions with any party at any time with or without notice. The owner shall have no legal commitment or obligation to any interested party reviewing the Offering or making an offer to purchase the subject property unless a written agreement for the purchase of the subject property has been fully executed and delivered by the owner and such party and any conditions to the owner’s obligations there under have been satisfied or waived and then only to the extent expressly provided for therein. Compass Commercial is not authorized to make any representations or agreements on behalf of the owner.
Venus Zheng | Compass | 415.506.8878 | Venus.Zheng@compass.com | License: 02019715 Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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