886 Noe St - images2.loopnet.com · 886 Noe St San Francisco Address: 886 Noe Street (consists of 886 Noe, 892 Noe, and 3800 22nd St) APN 3622-012 Asking Price $2,680,000.00 Building

886 Noe StSan Francisco

Trophy Noe Valley ApartmentAsking Price: $3,000,000.00

Exclusive Listing Agents:

Eric M. K. ChinCRS, MBA, MsArch

415.338.0184CalRE 01163073

[email protected]

Grace Ieong

415.297.6288CalRE 01428660

[email protected]

New Improved Price: $2,680,000.00!

mailto:[email protected]


Confidentiality Agreement and Disclaimer:

Coldwell Banker (“Coldwell Banker”) has been retained by the owners (“The Seller”), to exclusively market the property located at 886 Noe Street (“The Property”) to prospective Buyer (“Buyer”) to explore a possible transaction (“Transaction”). This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Coldwell Banker. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All referenced to acreages, square footages and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the owner nor Coldwell Banker, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as the accuracy or completeness of this Memorandum or any of its contents and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents. We obtained the information contained herein from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price,rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. The Property is being presented on an “as-is where is” and with all faults basis and with limited, if any, seller representations. As is with all commercial real estate investments, a prospective investor must consider the associated potential risks and benefits of such investment. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest of offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum of any of its contents to any other entity without the prior written authorization of the Owner or Coldwell Banker. You also agree that you will not use this Memorandum of any of its contents in any manner detrimental to the interest of the Owner or Coldwell Banker. Certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Confidential Memorandum in whole or in part, at any time without the prior written consent of Coldwell Banker, and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Coldwell Banker. Coldwell Banker reserves the right to request return of any or all of the information enclosed.

886 Noe StSan Francisco886 Noe StSan Francisco

886 Noe StSan Francisco886 Noe StSan Francisco


Address: 886 Noe Street (consists of 886 Noe, 892 Noe, and 3800 22nd St)

APN 3622-012

Asking Price $2,680,000.00

Building Area 6,690 sf (per tax record)

Lot Area 3,044 sf (per tax record)

Unit Mix 7 units plus a commercial

Price/sf Bldg $401

Annual Income (est) $114,862

Projected GRM 10.15

Projected CAP 6.26

Price/unit $335,000

Year Built 1907

Zoning RH-2 (Residential House, 2 family)

Noe St Frontage 102’ (approx.)

22nd St. Frontage 29’ (approx.)

Height and Bulk 40-x

Historical Resource Category A

Construction 3-story wood frame

Executive Summary:

886 Noe Street San Francisco, CaliforniaSummary Rent RollPrice $2,680,000 Unit Unit Mix Size (sq.ft.) Current Rent Mkt RentProjected GRM 10.15 892 A 1 Bed 1 B 785 $1,368.00 $3,150.00Projected CAP 6.26% 892 B Studio 288 $690.00 $2,350.00Approximate Age 1907 892 C 1 Bed 1 B 818 $871.50 $3,150.00Approx. Lot Size (per tax record) 3,044 892 D 1 Bed 1 B 785 $816.50 $3,150.00Approx. Sq.Ft. (estimated) 6,690 892 E Studio 288 $803.75 $2,350.00Total no. of unit 8 892 F 1 Bed 1 B 818 $1,785.00 $3,150.00Price Per Sq.Ft. $401 886 1 Bed 1 B 784 $810.50 $2,350.00Price/unit $335,000 3600 Commercial 1,173 $2,717.69 $3,500.00

P1 Parking $210.00 $250.00P2 Parking $0.00 $250.00

Total: 5,739 $10,072.94 $23,650.00

Scheduled Income Estimated Annualized Expenses (2015)Current Rent Projected Rent Advertising

Approx. Monthly Monthly Auto & Travel $2,917.00Address Sq.Ft. Income Income Cleaning & Maintenance $900.00

892 A 1 Bed 1 B 785 $1,368.00 $3,150.00 Insurance $5,046.00892 B Studio 288 $690.00 $2,350.00 Management Fee $2,400.00892 C 1 Bed 1 B 818 $871.50 $3,150.00 Repairs $12,545.00892 D 1 Bed 1 B 785 $816.50 $3,150.00 Utilities $19,649.00892 E Studio 288 $803.75 $2,350.00 Depreciation Expense $16,415.00892 F 1 Bed 1 B 818 $1,785.00 $3,150.00 Other Expense $4,392.00

886 Studio 784 $810.50 $2,350.003600 Commercial 1,173 $2,717.69 $3,500.00 Property Tax @ 1.188% $31,838.40

P1 Parking $210.00 $250.00P2 Parking $0.00 $250.00

Approx Total 5,739Total Scheduled Rent $9,571 $22,000Monthly Scheduled Gross Income $9,571 $22,000Annual Scheduled Gross Income 114862 264000Other Income (Annual) $0 $0Total Annual Scheduled Gross Income $114,862 $264,000 Total Estimated Annual Expenses $96,102.40

Annualized Operating DataCurrent Rent Projected Rent

Scheduled Gross Income $114,862 $264,000 10.15Less Vacancy Rate Reserve $0 0.00% $0 0.00%Gross Operating Income $114,862 $264,000Less Expenses $96,102 83.67% $96,102 36.40%Net Operating Income $18,760 $167,898 6.26%

❏ Under managed leased investment with significant rental upside in a highly desirable Noe Valley

❏ Perched atop a hill and situated on the corner of Noe and 22nd Street, this trophy apartment has a

commanding view of the hill below and is in a short walking distance to the always vibrant 24th

Street Shopping Area of Noe Valley.

❏ Consists of spacious high ceiling 4 and 5 rooms Victorian Era Flats with gorgeous ornate details,

moulding, and ornaments throughout

❏ There is a 2 car side by side parking in the detached covered garage that has a parking pad in

front behind the sidewalk allowing one to park additional cars in front of the garage if so desired.

❏ There is an abundance of restaurants, nightlifes, shops, and parks nearby.

❏ It is a short walk to the 22nd and Church or 24th and Church Muni Station for quick access to

downtown

Investment Highlight:



Location Overview:

886 Noe St


22nd And Church Station

24th And Church Station24th St Shopping and Dining

Mission Dolores Park


886 Noe St



Ground Floor Unit Interior Photos


Sample UnitInterior Photos


SampleUnit Interior Photos


Com’l Unit Interior Photos


Floor Plan(not to scale). Square footage is approximate and for illustration purpose only and not intended to be representative of actual square footage. Buyer to independently verify for its intended use.

892 Noe - Unit B & E(≅. 288 sf)

886 Noe (Ground)(≅. 784 sf)

892 Noe - Unit A & D (≅. 785 sf)

892 Noe - Unit C & F(≅. 818 sf)


886 Noe Street is a corner lot with a frontage of around 101’ on Noe and 30’ on 22nd St. It has aa lot dimension of approximately 30’ x 101.5’ for a lot area of 3,044 square feet per tax record.

Plat Map:

Hill Street

22nd Street

Noe

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Demographic


Demographic


Demographic


Demographic

Documents

886 Noe St - images2.loopnet.com · 886 Noe St San Francisco Address: 886 Noe Street (consists of 886 Noe, 892 Noe, and 3800 22nd St) APN 3622-012 Asking Price $2,680,000.00 Building