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Multifamily

2945 Van Ness Ave

2945 Van Ness Ave, San Francisco, CA 94109

Listing Price: $5,950,000

Cap Rate
3.74%
Number of Units
12
Price/Unit
$495,833
Price/Gross SF
$549.70
Gross SF
10,824

Investment Overview

2945 Van Ness is a well-maintained twelve-unit apartment building located in San Francisco’s very desirable Marina District near Fort Mason and Aquatic Park. The property consists of twelve one-bedroom units – all with large closets -- plus four car parking. Nearby attractions include Ghirardelli Square, Fisherman’s Wharf, Crissy Field, Moscone Playground, the Marina Green and the Presidio. Chestnut Street, Union Street and Polk Street are all walking distance from the property and offer trendy cafes and restaurants, nightspots, coffee houses and fashionable boutiques. The $300 million Van Ness Improvement Project with modern bus rapid transit is expected to be operating early next year. 2945 Van Ness, also known as the Van Mont, is a Marina Style building built in 1924. This three-story wood frame building (APN 0479-002) measures 10,824 per city tax records and is situated on a 40’ x 110’ lot. The units have ex- cellent light and extremely large closets that allow for many possibilities. There are hardwood floors and electric stoves throughout, a 400-amp electrical service, plus separate gas and electrical meters. Steam heat is provided by new boiler (2017) maintained by J.E. Brown. The roof is modified bitumin. The building also has 12 sprinkled storage lockers in the ground floor garage area. The San Francisco mandatory soft story retrofit has been completed and there have been no capital improvement pass throughs. The property has been professionally managed by Amore Real Estate and there are currently five vacant units which allow the purchaser to achieve current Marina District rents. This property presents an outstanding opportunity to own a prestige property with upside rental potential in one of the nation’s best neighborhoods.

Investment Highlights

  • 12 Units – 4 Car Parking
  • Terrific Marina District Location
  • Near Fort Mason & Aquatic Park

Exclusively Listed By

Multifamily

2945 Van Ness Ave

Listing Price: $5,950,000

Cap Rate
3.74%
Number of Units
12
Price/Unit
$495,833
Price/Gross SF
$549.70
Gross SF
10,824

Investment Highlights

  • 12 Units – 4 Car Parking
  • Terrific Marina District Location
  • Near Fort Mason & Aquatic Park

Investment Overview

2945 Van Ness is a well-maintained twelve-unit apartment building located in San Francisco’s very desirable Marina District near Fort Mason and Aquatic Park. The property consists of twelve one-bedroom units – all with large closets -- plus four car parking. Nearby attractions include Ghirardelli Square, Fisherman’s Wharf, Crissy Field, Moscone Playground, the Marina Green and the Presidio. Chestnut Street, Union Street and Polk Street are all walking distance from the property and offer trendy cafes and restaurants, nightspots, coffee houses and fashionable boutiques. The $300 million Van Ness Improvement Project with modern bus rapid transit is expected to be operating early next year. 2945 Van Ness, also known as the Van Mont, is a Marina Style building built in 1924. This three-story wood frame building (APN 0479-002) measures 10,824 per city tax records and is situated on a 40’ x 110’ lot. The units have ex- cellent light and extremely large closets that allow for many possibilities. There are hardwood floors and electric stoves throughout, a 400-amp electrical service, plus separate gas and electrical meters. Steam heat is provided by new boiler (2017) maintained by J.E. Brown. The roof is modified bitumin. The building also has 12 sprinkled storage lockers in the ground floor garage area. The San Francisco mandatory soft story retrofit has been completed and there have been no capital improvement pass throughs. The property has been professionally managed by Amore Real Estate and there are currently five vacant units which allow the purchaser to achieve current Marina District rents. This property presents an outstanding opportunity to own a prestige property with upside rental potential in one of the nation’s best neighborhoods.

Exclusively Listed By

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