74 Crestline Drive

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Address: 74 Crestline Dr, San Francisco, CA 94131, USA

California & West + Apartment Buildings

Created date: July 23, 2024

Date last updated: November 26, 2024

1031 Exchange (vehicle identified)
Higher rents than surrounding area due to location, onsite management and extraordinary views
Very Well Maintained and remodeled upon turnover.
9 of 12 are completely remodeled.
6 Garages, 6 large Covered Carports, Lots of Street Parking
New Lighting
New Common Area Interior Paint
Large Laundry Room can be converted to other amenities
Storage available for each resident
Units can add Washer Dryer for Other Income potential increases
(Owners apt. has full sized stackables in portion of closet)
3 units far below market, with long term occupancies (used to be 6)
Soft-story Retrofit completed
Pass through income in effect with long term residents
2 ADDITIONAL DWELLING UNITS MAY BE ADDED TO MAKE IT 14 UNITS
Similar neighboring property has converted carports to an ADU.
Other Income category not tapped. Strong upside potential.
One owner to keep his unit on long term lease. Rent negotiable.

Property Description

Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve. No neighbors behind, and panoramic views of SF Bay and the City in front, highly accent this exceptional property with a Value Add component. RECENT TURNOVERS have allowed the income to DRASTICALLY INCREASE for the forthcoming year. Nine units have been beautifully remodeled. Sellers retiring and exchanging into more passive income stream. One owner to keep his unit at a reduced rent amount as shown on the rent roll. Rent Negotiable along with seller participation in sale to assist with first years expenses.

Available

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Broker Details

Robyn Wonnell

Keller Williams - Temecula Valley (951) 501-6567 MLS ID: SWWONNROB State License Number: 01353690

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$6,999,995
No. of Units:	12
Average Occupancy:	3.71
Year Built:	1965
Lot Size:	0.22 Sq ft
Opportunity Zone:	No
Price per unit:	$583,333
Property Website	Click Here