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San Francisco Portfolio - 2 Property 3795 Balboa St

44 Unit Apartment Building For Sale San Francisco, CA 94121

Investment Highlights

  • BUILT AS CONDOMINIUMS
  • LONG TERM OWNER
  • HIGHLY DESIRED RICHMOND DISTRICT AND INGLESIDE NEIGHBORHOODS

Executive Summary

THE PORTFOLIO: Northmarq is pleased to bring to the market, a two-property portfolio located in highly desirable neighborhoods in the Gateway Core Market of San Francisco. The first property, 280 Brighton (“Brighton”) is a mixed-use community built in 2016 consisting of 30 Condominium Units over ground floor retail. There are ten (10) one bedroom one bath units averaging 490 square feet; three (3) two-bedroom one bath units at 663 square feet; two (2) two bedroom one and one-half bath units at 674 square feet and thirteen (13) two-bedroom two bath units at 700 square feet. The residential space totals 17,336 square feet. Separate PG&E metered units. Separate
heat. Each unit is equipped with Washer/Dryer Hookups. In addition, there are two commercial units totaling 2,574 square feet making the overall square footage at 19,910 square feet. There are six (6) garage spaces located on-site. The garage is accessed from the rear of the building.
The second property, 3795 Balboa Street (“Balboa”) is also a mixed use community built in 1989, consisting of seven (7) condominium units, four (4) office condominium spaces and three (3) retail condominium units totaling fourteen (14) units. The residential portions consist of five (5) two bedroom two bath units averaging 985 square feet and two (2) three bedroom two bath units averaging 1,316 square feet. Separate PG&E metered units. Separate heat. Each unit is equipped with Washer/ Dryer Hookups. There are three (3) Retail Units averaging 698 square feet and four (4) commercial units located on the second floor averaging 698 square feet. The total residential space is 7,557 square feet with the Retail| Commercial totaling 4,883 square feet making Balboa containing 12,440 square feet. Underneath, there are ten (10) spaces located in the garage. The garage is accessed from the rear of the building.

Property Facts

Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 44
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.27 AC
Building Size 20,790 SF
No. Stories 4
Year Built 2016
Parking Ratio 0.77/1,000 SF

Unit Amenities

  • Dishwasher
  • Disposal
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Instant Hot Water
  • Island Kitchen

Site Amenities

  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • On-Site Retail
  • Elevator
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 490
2+1 3 - 663
2+1.5 2 - 674
2+2 18 - 700 - 985
3+2 2 - 1,316
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (84)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6944-061
Land Assessment
$17,067,439
Improvements Assessment
$11,662,639
Total Assessment
$28,730,078

zoning

Zoning Code OCEAN AVEN
OCEAN AVEN
  • Listing ID: 33716217

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 3795 Balboa St, San Francisco, CA 94121

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