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Vanguard Properties

Kevin K. Ho, Esq. + Jonathan B. McNarry

proudly present

350 8TH AVENUE

Inner Richmond Multi-Unit Income Property

sold.

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Marketed By:

Kevin K. Ho, Esq.
Jonathan B. McNarry

MLS No. 470529

Top Producers, Top 21 Vanguard Properties, Top 1% of San Francisco Agents

350 8th Avenue, San Francisco
4-Unit Inner Richmond Income Building

350 8th Avenue has been owned by the same owners since it was built in 1972. With 5+ parking spaces in an enclosed garage with small backyard, the 3,800+-sqft, 2-level-over-parking building has 4 residential units, one of which (a 3-bed, 1.5-bath, 800+ sqft west-facing unit) will be delivered vacant. The property has that mid-century flare with potential. 350 is located in the Inner Richmond, off of Geary Street, across from the Laurel School with a 97 walk score. There are banked rent increases available this October.

Offered at:

$2,095,000

SOLD AT:

 

$2,095,000

Contact Us.

Have a question? 

Feel free to call or text us…

Kevin (415) 297-7462

Jonathan (415) 215-4393

Features.

Address350 8th Avenue
NeighborhoodInner Richmond
Number of Units4
Number of Vacant Units1
Building Area3,862 sq ft (per tax records)
Parking5-6, covered garage
LaundryCommon, coin-operated
Parcel Number1439/029
Year Built1972
ZoningRM-1
Parcel Size25 ft x 121ft (3,000 sqft)
Historic Category"B" Eligible (unknown)

The Photos.

Location. Location. Location.

Rent Rolls + Potential.

UnitConfigurationCurrent RentBanked IncreaseMarket RateInformation
12nd-floor 3-Bed, 1.5-Baths, ≈ 800 sqftVacant$4,500/mo
22nd-floor, 2-bed, 1-bath$1,230/mo$1,280/mo$2,700/moMove-In: Jan 1, 1996 @$885/mo with applicable increases since. Current $1,230 rent set on October 1, 2016.
3Top-floor, 3-bed, 1.5-baths$1,470/mo$1,425/mo$4,500/moMove-In: Apr 1, 1994 @$975/mo with applicable increases since. Current $1,370 rent set on October 1, 2016.
4Top-floor. 2-bed, 1-bath$1,190/mo$1,240/mo$2,700/moMove-In: Mar 1, 1992 @$825/mo with applicable increases since. Current $1,190 rent set on October 1, 2016.
MiscParking Space$100$100$250Unit No. 3 rents an extra parking space

Gross Revenues

$3,890/mo
$46,680/yr		$8,545/mo
$102,540/yr		$14,400/mo
$172,800/yr		*Banked rent increases available in October 2018
Tenants pay PG&E, Internet/cable; Landlord pays garbage and water/sewer
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The information contained in this material is deemed to be reliable and accurate but it is unverified. Potential buyers should take all steps necessary to satisfy themselves regarding the information contained herein or any other matter related to the property they see fit.