Matthew Hilzendrager 4155529500

5947-5949 Geary Blvd 6 Unit Apartment Building $1,975,000 ($329,167/Unit) 5.05% Cap Rate San Francisco, CA 94121

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 mixed use 6-unit residential income earner located in prime Central Richmond District of San Francisco. Consisting of five spacious 1 bedroom and 1 bath apartments + an additional ground floor commercial unit with 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 apartments including the commercial space are 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. Geary Boulevard offers popular restaurants, bars, grocery, coffee shops and easy MUNI Public Transportation with direct access to downtown and more.
Property is ALL tenant occupied & Subject to Tenants Rights (photos of vacant units taken before being rented). Pls Do Not Disturb Occupants. No For Sale sign or lockbox at property. PLEASE contact Agent with questions and info. NOI is actual at $99,692. Cap is 5.0% & GRM 14.2%. Commercial earns $1,500 per month. 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	$1,975,000	Apartment Style	Low-Rise
Price Per Unit	$329,167	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	5.05%	Building Size	6,870 SF
Gross Rent Multiplier	14.2	Average Occupancy	100%
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built	1954
Property Subtype	Apartment	Parking Ratio	1.45/1,000 SF

Price	$1,975,000
Price Per Unit	$329,167
Sale Type	Investment
Cap Rate	5.05%
Gross Rent Multiplier	14.2
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
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

AMENITIES

Smoke Detector

UNIT AMENITIES

Cable Ready
Heating
Eat-in Kitchen
Kitchen
Hardwood Floors
Refrigerator

Oven
Range
Tub/Shower
Handrails
Vinyl Flooring

SITE AMENITIES

On-Site Retail

UNIT MIX INFORMATION

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

Walk Score®

Walker's Paradise (98)

Transit Score®

Excellent Transit (70)

Bike Score®

Very Bikeable (75)

PROPERTY TAXES

Parcel Number	1521-034	Total Assessment	$259,020
Land Assessment	$88,309	Annual Taxes	$18,762 ($2.73/SF)
Improvements Assessment	$170,711	Tax Year	2023 Payable 2024