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Multifamily development w/current income

4 Properties Offered at $4,900,000 in San Francisco, CA

Investment Highlights

  • 15,000 sq ft corner location, 4 contiguous properties, with current income. Prime location. Nice square, flat lot.
  • Multi-Family Development site primed for housing use

Executive Summary

First time ever on market. The iconic Marche Club Portfolio of 4 contiguous properties at corner of Mission & Tingley.
Being sold together as a portfolio at a discount if purchased together rather than individually. $4,900,000 for entire portfolio.
15,000 sq ft multi-family housing or mixed use development site
4340 Mission - Auto dealership generating monthly income. (For sale individually at $2,000,000)
4346 Mission - 6,300 ft Restaurant & Bar w/ commercial kitchen, huge dining area , dance hall, pool room, full basement, w/roof top monument sign generating monthly income (For sale individually at $2,400,000)
9 Tingley - vacant residential lot (For sale individually at $495,000)
7 Tingley - 2 Bedroom house generating monthly income (For sale individually at $795,000)
All leases month-to-month.

Taxes & Operating Expenses (Pro forma - 2023)

Annual
Gross Rental Income $223,500
Other Income -
Vacancy Loss -
Effective Gross Income $223,500
Net Operating Income -

Taxes & Operating Expenses (Pro forma - 2023)

Gross Rental Income
Annual $223,500
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $223,500
Net Operating Income
Annual -

Property Facts

Price $4,900,000
Price / SF $566.60 / SF
Sale Conditions
Bulk/Portfolio Sale
  • Redevelopment Project
Cap Rate 4.55%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 8,648 SF
Total Land Area 0.19 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
9 Tingley St, San Francisco, CA 94112 Land 0.06 AC - -
7 Tingley St, San Francisco, CA 94112 Specialty 870 SF 1918 -
4346 Mission St, San Francisco, CA 94112 Multifamily 7,072 SF 1947 -
4340 Mission St, San Francisco, CA 94112 Retail 706 SF 1949 -
Show More > < Show Less
  • Listing ID: 28075643

  • Date on Market: 3/27/2023

  • Last Updated:

  • Address: Multifamily development w/current income, San Francisco, CA

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