Steven Mavromihalis and John Fitzgerald Present
MISSION DOLORES INVESTMENT OPPORTUNITY
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$1,600,000
260-266 Clinton Park, San Francisco
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This fully detached four flat Victorian era building has been in the same family for generations. With four separate entrances, an abundance of aesthetic appeal, and one or two of the apartments being delivered vacant at closing, this extraordinary investment opportunity is well suited for one or more owner occupant(s), yet equally well suited for savvy investors that will find value wherever they look. The premier location combines the charm of a historic, tree lined street, with the convenience of city living at its best. Shopping, dining, and public transportation are at your doorstep; making the four flats at 260-266 Clinton Park one of the very best income property investments available in San Francisco.
All Property Photos
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PROPERTY SUMMARY
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| NUMBER OF UNITS | Four Flats |
| UNIT MIX | - Two Upper Floor Apartments of 5+ Rooms/2+ Bedrooms/1+ Split Bathrooms - Two Lower Floor Apartments of 4+ Rooms/2 Bedrooms/1+ Split Bathrooms |
| PARKING | Two Separate Garages |
| TOTAL SQ. FT. | 3,918 Sq. Ft. |
| LOT SQ. FT. | 2,848 Sq. Ft. |
| NEIGHBORHOOD | Mission Dolores |
| APN NUMBER | 3534-056 |
PROPERTY OVERVIEW
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- Gross Income: $122,694.12 (see offering memorandum)
- CAP Rate: 4.11% (see offering memorandum)
- Gross Rent Multiple: 13.04 (see offering memorandum)
- $408 per Square Foot
- 3,918 Square Feet (per draftsperson), on a rectangular 2,848 Square Foot Lot; 38' frontage x 75' depth (per tax records)
- Fully detached and gated four flat Victorian Era residential building, on a picturesque and historic tree lined street just blocks from Mission Dolores.
- Washer and dryer in each unit.
- Vacant top floor apartment with updated kitchen, and bathroom, and smart home technology, perfectly suited for an owner occupant.
- Second top floor apartment may also be vacant by the close of escrow (per seller).
- Two separate garages of 566 SqFt and 380 SqFt.
- Five garden level storage rooms, with separate entrances, accessible via breezeways on either side of the building. With a total of 710 SqFt of storage room space on the garden levels plus a total of 946 SqFt of garage space; the potential for additional dwelling units (ADUs) abounds.
- At the intersection of four of San Francisco’s trendiest and most popular neighborhoods: Mission Dolores, The Castro, Duboce Triangle and Hayes Valley.
- In the immediate vicinity of grocery stores, shops, boutiques, restaurants, bars, cafes, playgrounds, dog parks, and more.
- Near SFMuni bus and streetcar lines with direct access to the Financial District and Downtown.
Floor Plans
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Mission Dolores
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Sunny, flat, and centrally located, Mission Dolores represents the heart and especially the soul of San Francisco. Here you'll find traditional Mexican taquerias and panaderias, pop-up galleries, freshly minted block-long live/work lofts in former canneries, and a new generation of chefs determined to make their mark and earn a Michelin star. The neighborhood is highly walkable: a major urban shopping center at 16th and Potrero offers groceries, a gym, a post office, office supplies, and a Peets Coffee. The museum district at 3rd and Howard is nearby, and the ballpark is not far. Public Transportation is great. MUNI bus lines crisscross the neighborhoods and there are two BART stations at 16th and Mission and 24th and Mission which serve the neighborhood.With the rise of the dot-coms in the mid-90s, the old industrial warehouses of the Mission district were converted into open-air, open-concept workspaces. These attracted a new kind of population: educated, highly skilled, and eagerly looking for the next big thing: be it entertainment, dining, culture, or dance club. And they wanted to be able to walk to work, or at least ride their bike.Housing was developed to match the tastes and needs of this generation of newcomers. Many of the old warehouses preserved their old brick facades. Inside luxury interiors feature exposed brick walls, huge timbered beams, two-story high living rooms with airy ceilings, industrial kitchens, and of course, high-speed Internet connections. Stately turn-of-the-century homes line the sunny blocks of this uniquely San Franciscan district. In between its main thoroughfares of Dolores, Guerrero, and Valencia, you can find many smaller hidden architectural treasures dotting the intimate cross-street alleyways.San Francisco's oldest building stands at the corner of 16th and Dolores. Constructed in 1776, Mission Dolores draws the gaze of passersby with its clean, early-colonial Mexican style. It remains an active Roman Catholic church and is open daily for services and to visitors alike. Just around the corner is Dolores Park, one of the city's great neighborhood hangouts, where you might be lucky enough to catch an outdoor performance by the San Francisco Mime Troupe. Time seems of no consequence on sunny afternoons while families recline along the comfortably sloping landscape. Daytime is for the sun-worshipping crowds, while warm nights are all about people-watching. Valencia Street is among the hippest nighttime destinations on the planet. Throngs of young folks drop into the trendy new eateries, filling the local watering holes for their fix of poetry and music, hitting the local performance spaces for inspired avant-garde happenings. You will find a cultural mecca, as well as a food experience beyond compare along these lively streets.Public transportation is as good as it gets in the Mission. Two BART stations, at 16th and Mission and 24th and Mission, complement a complete bus schedule to downtown and beyond.
Steven Mavromihalis
John Fitzgerald
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Steven Mavromihalis
John Fitzgerald