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COMMERCIAL BUILDING

STRATEGIC CORNER LOCATION

GATEWAY TO “LITTLE SAIGON”

 

PRICE:                        $1,295,000.00

 

LOCATION:               664-684 LARKIN STREET / ELLIS

 

BUILT:                        1922                            APN#:                         1651047

 

ZONING:                    NC1                            SIZE:                           7,891 square feet

                                                                                                                                               

ABSTRACT:               FOUR GROUND FLOOR COMMERCIAL TENANTS.  ONE 11+ ROOM RESIDENTIAL HOTEL.  DYNAMIC LOCATION IN FAST GROWTH NEIGHBORHOOD.

 

INCOME:                    ANNUAL SCHEDULED INCOME:              $110,400                    

664      HOTEL                        $2,500             option 2006 to 2009

666      VIDEO                        $1,200             2005

668      RESTAURANT        $1,250             option 2007 to 2010

670      RESTAURANT        $1,250             option 2007 to 2012

684      GROCERY                  $3,000             option 2007 to 2011

                                                                       

EXPENSES:                ANNUAL SCHEDULED EXPENSES            $15,762

                                    TAXES                                    $8,340

                                    INSURANCE                         $7,422

                                               

TAXES:                       The 2003-04 tax rate in San Francisco County is 1.107% of assessed

                                                Value.  Assessed values are reset upon sale to the sale price.  If the

                                                Assessed value is increased a supplemental tax bill will be issued.

 

REMARKS:                 PROSPECTIVE BUYERS ARE ADVISED TO REVIEW, PRIOR

TO ANY OFFER, THE “REAL ESTATE TRANSFER DISCLOSURE STATEMENT,” ON FILE WITH THIS OFFICE.

 

TO SHOW:                 CALL LISTING AGENT

 

LISTING AGENT:      JIM McINERNEY

                                    751-0429                                 FAX 751-0753

                                    40 27TH Avenue                       San Francisco               CA       94121

 

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS.  THE PROSPECTIVE PURCHASER SHOULD INDEPENDENTLY VERIFY ALL INFORMATION.

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