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Trophy Six-Unit Building on Russian HIll

1728 - 1730 Jones Street, San Francisco, CA 94109

$3,998,000

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Joel Goodrich
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

"A six-unit building in coveted Russian Hill location."

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

Russian Hill is one of San Francisco's most sought-after neighborhoods!


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The neighborhood: Russian Hill

Historic houses and condos line the streets with a vibrant atmosphere.