Your First Name*

Please enter your first name

Your Last Name*

Please enter your last name

Your Email*

Please enter a valid email address

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

958 characters remaining

We will automatically send your friend a one-time email inviting them to visit this listing. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of the referral program. (Terms of Use)

thank you

Your email has been sent.

5947-5949 Geary Blvd 6 Unit Apartment Building $1,895,000 ($315,833/Unit) 5.26% Cap Rate San Francisco, CA 94121

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Prime San Francisco location near Presidio, Ocean Beach and Golden Gate Park
Potential for higher income as tenant apartments are not at market rate rents yet.
Seismic Retrofit Compliance is completed. Fire Alarm System Installed. Roof is newer.

Geary Boulevard is a popular commercial and residential area with many shops, restaurants, bars and stores.
Commercial Store Front has a 10 year lease but owner is allowed to increase rent every other year.

EXECUTIVE SUMMARY

Mid Century Modern mixed use 6-unit residential income located in prime Central Richmond District of San Francisco. Consisting of five spacious 1 bedroom + 1 bath apartments with additional ground floor commercial store front that provides ADA accessible bathroom and separate utility meters. There is also a common area coin-operated laundry room, gated entry and additional storage provided. Currently all units are tenant occupied providing excellent annual income with potential to grow. With close proximity to some of the best landmarks in the city such as Golden Gate Park, The Presidio, Legion of Honor, Lincoln Park Golf Course, or Lands End, Sea Cliff and Ocean Beach, the Geary Boulevard corridor offers popular restaurants, bars, grocery stores, coffee shops and easy MUNI Public Transportation with direct access to downtown and much more.
Property is Subject to Tenants Rights (photos of vacant units were taken prior to being rented). PLEASE Do Not Disturb Occupants. No For Sale sign or lockbox at property. PLEASE contact Agent with any questions and/or info. NOI is actual at $99,692. Cap is 5% & GRM 14.2%. Commercial earns $1,500 per month with 5% increase every other year. Coin-op laundry earns $280 per month. Leases Available. Seismic Retrofit completed. Newer Roof.

5947-5949 Geary Blvd OM

NHD_Full_Report_5947-5949_GEARY_BLVD

5947-5949 Geary_Search Light Lender Financing Statement

5947_5949_Geary_Soft_Story_Permit

FINANCIAL SUMMARY (ACTUAL - 2023)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$140,745	$20.49
Other Income	$280	$0.04
Vacancy Loss	-	-
Effective Gross Income	$141,025	$20.53
Taxes	$18,762	$2.73
Operating Expenses	$22,571	$3.29
Total Expenses	$41,333	$6.02
Net Operating Income	$99,692	$14.51

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual	$140,745
Annual Per SF	$20.49

Other Income
Annual	$280
Annual Per SF	$0.04

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$141,025
Annual Per SF	$20.53

Taxes
Annual	$18,762
Annual Per SF	$2.73

Operating Expenses
Annual	$22,571
Annual Per SF	$3.29

Total Expenses
Annual	$41,333
Annual Per SF	$6.02

Net Operating Income
Annual	$99,692
Annual Per SF	$14.51

PROPERTY FACTS

Price	$1,895,000	Apartment Style	Low-Rise
Price Per Unit	$315,833	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	5.26%	Building Size	6,870 SF
Gross Rent Multiplier	13.4	Average Occupancy	100%
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built	1954
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	1.45/1,000 SF
Zoning	NC3 - Neighborhood Commercial

Price	$1,895,000
Price Per Unit	$315,833
Sale Type	Investment
Cap Rate	5.26%
Gross Rent Multiplier	13.4
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	6,870 SF
Average Occupancy	100%
No. Stories	3
Year Built	1954
Parking Ratio	1.45/1,000 SF
Zoning	NC3 - Neighborhood Commercial

Smoke Detector

UNIT AMENITIES

Cable Ready
Heating
Eat-in Kitchen

Kitchen
Hardwood Floors
Refrigerator

Oven
Range
Tub/Shower

Handrails
Vinyl Flooring

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	1	$1,500	-
1+1	5	$1,937	-

1 of 1

Walk Score®

Walker's Paradise (98)

Transit Score®

Excellent Transit (70)

Bike Score®

Very Bikeable (75)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	1521-034	Total Assessment	$264,200 (2024)
Land Assessment	$90,075 (2024)	Annual Taxes	$18,762 ($2.73/SF)
Improvements Assessment	$174,125 (2024)	Tax Year	2023 Payable 2024