Trophy 6-Unit Building on Prime Russian Hill Block

PROPERTY SUMMARY:

• Six-unit building, built in 1913
• 7,020 square feet as per City Tax Records; buyer to independently verify
• 3,597 total lot size with two APN numbers: 0150-011 & 01250-011A; buyer to independently verify
• Four side-by-side separate garages, one with built-in storage and ladder to additional storage area
• Beautiful center courtyard garden with mature trees
• One washer and one dryer in the laundry room plus access to a storage unit above garage
• Currently all hot water is hooked up through No. 1728.
  
  

1728 JONES STREET

• Three bedrooms + den, 2.5 baths
• Vacant: last rented for $8,450
  
  

- Main Level -

• Living Room with hardwood floor and woodburning fireplace
• Formal dining room with lovely moldings & French windows
• Kitchen with granite counters, 4 burner stove with microwave venting out, eat-in area, and outlooks toward the courtyard garden
• Powder room with marble counter and window with garden outlooks
  
  

- Upstairs Level -

• Three bedrooms plus den
• One tiled bath with shower overlooking garden
• Second tiled bath with shower/ tub and partial Golden Gate, Bay and Alcatraz views
• Center skylight
  
  

1730 JONES STREET

• Two bedrooms, 1.5 baths; rented for $3,820 on 9/1/2019; lease dated 2012/2013
• Living dining room with fireplace
• Kitchen with pass through to LR, dishwasher, stove, double door stainless KitchenAid fridge
• Patio off kitchen
• One bedroom with half bath ensuite
• Second bedroom with large closet
• Full bath with shower tub
  
  

1730 A JONES STREET

• Two bedrooms, 1.5 baths; rented for $4,719; lease dated 8/1/2018
• One bedroom with en-suite bath overlooking the garden
• Second bedroom overlooking the Gardens
• Kitchen with stainless Bosch dishwasher, LG oven and cooktop, and Kenmore refrigerator
• Living room with hardwood floors, fireplace and partial views of the Golden Gate to Palace of Fine Arts and Bay
  
  

1730 B JONES STREET

• Rented for $963; lease dated 1994
• Studio with sleeping alcove, carpet and kitchenette with gas stove. Tiled bath with shower tub
  
  

1730 C JONES STREET

• Rented for $2,600/ month; lease dated 5/3/2019
• Studio with hardwood floors, kitchenette, and step-down tiled bath.
• Lovely Terrace access via glass French doors.
• Sleeping Alcove.
  
  

1730 D JONES STREET

Rented for $1,800/ month; lease dated 5/24/2019

Studio with laminate hardwood floors, kitchenette and bath with shower.

• 1728-1730 JONES STREET INCOME
• 1728 $102,000 ($8,500/mo based on application that includes 1 garage space)
• 1730 $45,840 ($3,820/mo)
• 1730A $56,628 ($4,719/mo)
• 1730B $11,556 ($963/mo)
• 1730C $31,200 ($2,600/mo)
• 1730D $21,600 ($1,800/mo)
• 1 garage rented at $450/ month externally = $5,400/ year
• 2 garages rented internally at $350/ month = $8,400 / year
• 1 garage vacant, included in $8500 estimate for 1728 Jones
• Laundry $770
• Total Income: $283,394
  
  

1728-1730 JONES STREET EXPENSES

• Garbage, recycling, compost - $6,288.74
• Insurance - $5,926.92 (Includes Commercial Umbrella policy) Water - $4,473.73 (Includes 2nd Dedicated Water line for the fire sprinkler system)
• PG&E - $2,653.02 (Includes Common area electricity, all vacant units, and gas for the whole building’s water heater)
• Gardener - $4,080.67
• Fire Monitoring - $2,205.23 Business License - $750 (Estimated) Garage Tax: $450 X 25% = $112.5
• Maintenance & repairs - ~$24,000 (estimating $2,000/ month) Property Taxes at $3,998,000 at 1.17% = $46,776.60
• Total Expenses - $97,267.41
• Net Income/ Cap Rate
• Net Income: $186,126.59
• Cap Rate: 4.65