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Offering

2730 Sacramento Street is a pristinely maintained and exceedingly handsome trophy apartment building on a tree-lined street in a prime Pacific Heights location.

It consists of twelve, similarly sized, four room, 2-bedroom,1-bathroom units, with an additional, non-conforming (vacant) lobby studio.  All units have hardwood floors, ample natural light, modern and functional layouts, and loads of period architectural detail and charm. The building is separately metered for gas and electricity. Recent improvements include a new roof, new exterior paint, lobby paint, professional rear yard landscape and new carpet in all common areas. In addition, the building has been seismically upgraded; including shear walls, and is thus exempt from the current soft story legislation. There is a 545 square foot garage, and 15 income producing secure storage units on site.

97% walk score. Just one block from Alta Plaza park, and two blocks from Mollie Stone’s and Fillmore Street shopping and restaurants. This aesthetically beautiful apartment building is one of the finest 12+ unit buildings in the entire City and, as such, will surely be a jewel in any investment portfolio: large or small.


General Information:

Address:              2730 Sacramento Street @ Pierce
District:                Pacific Heights
Prop Sub Type:   Multi-family dwelling
APN:                     0632-002A
Bldg Sq. Ft:         11,250 (per tax record)
Add’l Inc Sq. Ft:  1,677 (per draftsman)
Lot Size:              4,750
Constructed:      1916
Zoning:                RM-2
$/Sq.Ft.:               675.56
Gross Income:    $454,673.16
GRM:                    16.7

Building Systems:
 
Structure:           Wood-frame
Façade:              Brick veneer
Roof:                  Modified Bitumen NEW
Elec Service:      Separately metered
Gas Service:      Separately metered
Heat Source:      Steam heat
Building Style:   Edwardian
Seismic:             Upgraded

Building Composition:
 
Apartments:     Twelve (12) Two Bedroom                      
                          One (1) Studio (unwarranted)
Kitchens:          Built-in Pantry
                           Gas stoves/ovens
Bathrooms       Tub/shower combinations, studio has shower only
Bedrooms:       Hardwood Floors & Bay Windows
Parking:           545 sq. ft. Garage
Storage:           15 individual units
Note:                Two (2) units on top floor have been remodeled w/open living concept         

Common Areas:
 
Lobby:              Large with separate mail area
Floors:              Tile/carpet
Yard:                 Rear patio sitting area
Laundry:           Coin operated
Garbage:          Garbage chute
Additional:        Bike rack

Operating Revenues:

Monthly Rents:                                $35,236.67
Storage/Parking:                            $1,825.00
Laundry:                                          $250.00

Total Monthly Building Income:    $37,889.43**
Total Annual Building Income:      $454,673.16**


Operating Expenses:

Real Estate Taxes:  $90,288
Insurance: $9,150
Scavenger: $4,279
Gas: $9,529
Water:  $6,498
Janitorial: $8,779
Maint. & Repairs: $22,892
Property Mgmt: $661
Legal: $468
Phone: $496


Total Annual Building Expense:   $153,040**

Net Operating Income:                 $301,633** 

Rate of Capitalization (CAP rate): 4%**

**Please note: Numbers are based on current income and 2014 expense, with exception of property taxes which are based on offering list price and 2014-2015 tax rates. Please download operating income and expense statements for more information including capital improvement rent pass through details and expiration dates. 
 
 Download Offering Documents for Operating Income and Expense Statements
 
 


 

Floor Plans




Neighborhood


Pacific Heights

If you're looking for commanding views of San Francisco Bay then Pacific Heights is your place.  What you'll find is heart-stopping sunsets with neighborhood hills lifting up from the Marina stretching east and west between the Presidio and Van Ness avenue.  This is the stuff of which dreams are made.  Its a picture-perfect setting, and one Hollywood chooses to highlight when depicting the world-famous hills of San Francisco.

This majestic section of town houses some of the largest homes in the city, including a wide array of Victorians, Edwardians, Mission Revival and homes in the style of French Chateaus. An affluent neighborhood, Pacific Heights is home to the consulates of Germany, Greece, Italy, Portugal, and Russia. Several elite private schools in the area were once former baronial mansions.  Among these are Town School For Boys, Convent of the Sacred Heart, Stuart Hall High School, San Francisco High School, and Drew School.

Folks fortunate enough to live in Pacific Heights benefit from its gorgeous parks, playgrounds, and miles of hiking, running and biking in the adjacent Presidio Park. For shopping, look no further than Fillmore Street, running north and south through this exciting part of town.  Many world-class boutiques and fantastic restaurants are found along Fillmore, as well as exceptional patisseries, flower shops, and designer retail clothing.

Rivaling  Fillmore Street, and just a few blocks to the west, the residents of the subject property, enjoy the fabulous shops and restaurants in the Presidio Heights Residential Commercial Shopping District along Sacramento Street and Presidio Avenue,  as well as the ever increasing number of delightful retail amenities offered on California Street.


Schedule

Brokers Tour:

  • Tuesday, October 20th 10:00am – 12:00pm 
  • Tuesday, October 27th 10:30am – 12:00pm 


Additional Showings:

  • Thursday, October ​22nd, 2:30pm SHARP
  • Monday, October ​26th, 3:00pm SHARP (Entire Building Open)

​Offers:
  • Offers, if any, by Wednesday, October 28, at 4:00 PM


Contact Steven Mavromihalis
415.999.1113
smavromihalis@pacunion.com

Contact


Steven Mavromihalis

Broker AssociateCompasscalDRE# 00888824(415) 999-1113 mobilewww.StevenMavromihalis.com