Skip To Content

    74 Crestline Drive

    San Francisco, CA 94131
    • $6,995,000
    • STATUS: Active
    • ON SITE: 651 days
    • ID#: SW19279533
    UPDATED: 65 min ago
    $6,995,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,544
      SQFT
    • $733
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    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 the front, highly accent this exceptional property with A Value Add Component for Fix & Flip, BRRRR or long term hold. Recent turnovers have drastically improved the income for the forthcoming year. Six units beautifully rehabbed. Two additional units may be added to make it 14 total. 1031 Exchange, Higher Rents than surrounding area due to exceptional location and views, well maintained, 6 garages and 6 carports along with lots of street parking. Other Income category not tapped and has large upside potential. One unit has washer dryer and others are possible. 5 units far below market rents. All rent paid during Covid. No collection issues during the pandemic. Very Well Maintained and Highly Upgraded Apartments in 7 of the 12.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/101663307
    Print Image

    74 Crestline Drive San Francisco, CA 94131

    • Price: $6,995,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: SW19279533
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    9,544
    SQFT
    $733
    $/SQFT
    1965
    Built
    Neighborhood:
    SFO - San Francisco
    County:
    San Francisco
    Area:
    SFO - San Francisco
    Property 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 the front, highly accent this exceptional property with A Value Add Component for Fix & Flip, BRRRR or long term hold. Recent turnovers have drastically improved the income for the forthcoming year. Six units beautifully rehabbed. Two additional units may be added to make it 14 total. 1031 Exchange, Higher Rents than surrounding area due to exceptional location and views, well maintained, 6 garages and 6 carports along with lots of street parking. Other Income category not tapped and has large upside potential. One unit has washer dryer and others are possible. 5 units far below market rents. All rent paid during Covid. No collection issues during the pandemic. Very Well Maintained and Highly Upgraded Apartments in 7 of the 12.
    Exterior Features

    Architectural Style ContemporaryCraftsman Carport Spaces 6 Carport YN Yes Construction Materials StuccoVinyl SidingWood SidingCopper Plumbing Entry Location Crestline Drive Lobby Lot Features Near ParkNear Public TransitRolling SlopeSteep SlopeWalkstreet Number Of Separate Electric Meters 13 Open Parking Spaces 6 Parking Features Attached CarportAssignedControlled EntranceConcreteCoveredDoor-MultiDriveway LevelGarage Faces FrontGarageOn SiteOff StreetOtherPavedPublicPrivateCommunity StructureOn Street Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances DishwasherElectric OvenElectric RangeElectric Water HeaterDisposalRefrigerator Common Walls 1 Common Wall Cooling None Cooling YN No Flooring CarpetLaminateTileWood Heating Central Heating YN Yes Interior Features BalconyCrown MoldingOpen FloorplanPhone SystemStorageMultiple Master Suites

    Property Features

    Additional Parcels YN No Association Amenities Controlled AccessMaintenance GroundsTrash Association Fee 0 Association YN No Cap Rate 3.6 Common Interest None Community Features FoothillsHikingUrbanPark Contingency 1031 ExchangeAnd One Owner is Keeping His Apt. On A Long Term Lease Back Basis. He's Currently There One Week Per Month While On Other Business. Current Financing Conventional Disclosures Rent Control Electric 220 Volts in LaundryStandard Fuel Expense 0 Garage YN Yes Gross Income 318237 Gross Scheduled Income 317279 Inclusions Owner Will Lease Back One Of The Apartments On A Long Term Lease As Part Of Sales Agreement At A Reduced Rent. Insurance Expense 0 Land Lease YN No Laundry Features Common AreaInsideLaundry RoomSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing LoanCash To New Loan1031 Exchange Net Operating Income 251082 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 12 Operating Expense 54623 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Year 2019 Tenant Pays Cable TvElectricityGas Total Actual Rent 357012 Trash Expense 0 Utilities Cable AvailableElectricity Available Vacancy Allowance 12532 Water Sewer Expense 0 Water Source Public Zoning Rm1

    Listing provided courtesy of Robyn Wonnell of Kw Temecula


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363812582-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363812582-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363812582-1.jpg
    Logo
    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373