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Trophy Six-Unit Building on Russian HIll

1728 - 1730 Jones Street, San Francisco, CA 94109

$4,700,000

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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 $8,500

- 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

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

, 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 $3,724, going to $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 $4,600, going to $4,719 on 8/1/2019; 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 $939 per month; going to $963 as of 9/1/2019; lease dated 1994
* Studio with sleeping alcove, carpet and kitchenette with gas stove. Tiled bath with shower tub


1730 C JONES STREET

* Rented for $2,535/ 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: vacant
1730: $3820 occupied
1730A: $4719 occupied
1730B: $963 occupied
1730C: $2525 occupied
1730D: $1800 occupied
1 garage rented at $450 per month; other 3 projected at $450 per month

Total Monthly income: $24,137

Total Yearly Income: $289,644

1728-1730 JONES STREET EXPENSES

PG&E Last 12 Months $1847
Garbage Last 12 Months $6079
Water (Including required 2nd line for Fire sprinklers) Last 12 Months $6110
Gardener Last 12 Months $3951
Required fire sprinkler system monitoring and semi-annual testing Last 12 Months $1500
Insurance $5,136
Property Taxes at $4.998M: ~$58,477
Maintenance: ~$24,000
Total Annual Expenses: $107,100

Net Income/ Cap Rate

Net Income: $182,544
Cap Rate: 3.65%

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.