| 311
LINCOLN BOULEVARD |
| |
|
|
| |
|
|
| |
 |
nner
Sunset |
| |
Mid-Century Apartment Building |
| |
311
LINCOLN BOULEVARD |
| |
(at 4th Ave) |
| |
Offered
at $1,125,000 |
| |
Four Inner Sunset apartments, all one bedroom
one bathroom units with large windows, spacious rooms, updated
eat-in kitchens and tiled bathrooms. Great pride of ownership
income property. Each unit has a separate gas wall-heater. Huge
garage with four car parking and ample storage. Pride of ownership
rental property or possibly tenancy-in-common. Close to UCSF,
the Muni and Inner Sunset shops and restaurants. |
| |
|
| |
Year
Built:1959 (per tax records)
Square
Ft.: 2,374 (per tax records)
Building Size: 3410 sq. ft. (per tax records)
Block: 174-6024 |
| |
|
|
|
| |
|
|
 |
|
|
| |
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
SCHEDULED INCOME:
|
$ 47,173.321 |
|
|
| |
|
| Management |
$ 4,800.002 |
| Insurance |
$ 623.502 |
| PG&E |
$ 377.282 |
| Water/Sewer |
$ 804.782 |
| Pest Control |
$ 1,470.002 |
| Garbage |
$ 969.632 |
| Repairs/Maint./Misc. |
$ 1,200.00 |
| Cleaning |
$ 1,502.002 |
| Real Estate Taxes (1.14 %) |
$ 12,825.00 |
| |
|
| Total Income |
$ 26,572.19 |
| ESTIMATED NET INCOME |
$ 20,560.13 |
|
|
|
1
includes capital improvement pass-throughs (see rent roll)
2
taken from actual expenses in 2005. |
|
|
| |
|
|
|
| Unit # |
Bedrooms |
Base Rent |
Pass Thru 1 |
Pass Thru 2 |
Actual
Rent |
Deposit |
Move-in Date |
Lease Exp. |
| 1 |
1 |
904.11 |
11.16 |
32.84 |
948.11* |
850 |
07/15/95 |
08/31/07 |
| 2 |
1 |
1025 |
|
|
1025 |
1525 |
09/01/06 |
|
| 3 |
1 |
$848 |
11.16 |
32.84 |
890.00** |
800 |
11/01/93 |
|
| 4 |
1 |
1100 |
|
|
1100 |
1650 |
06/30/06 |
06/29/07 |
| |
|
|
|
|
|
|
|
|
| MONTHKY INCOME |
$3,874.00 |
$22.32 |
$63.68 |
$3,963.11 |
|
|
|
| LAUNDRY (APPROX.) |
|
|
|
$150 |
|
|
|
| Annual Total |
|
|
|
$47,707.32 |
|
|
|
|
|
|
| |
|
|
|
| * The
total pass through for unit #1 is 59.77 but the Rent board only
allows a 5% increase in pass throughs so the remaining balance of
the pass through will be imposed to this tenant on his anniversary
date.
** In May 2007, the pass through for #3 be increased to 61.77. |
|
|
| |
|
|
|
TAXES:
To be reassessed upon sale, currently expected
to be approximately 1.144% of the purchase price.
NOTE:
Prospective buyers are advised to review, prior to making
any offer, the "Real Estate Transfer Disclosure Statement",
on file with the listing agent.
TO
SHOW: Open at the following times:
Tue October 1st, 1:00-2:30
Wed October 4th, 2:00-4:00
Fri October 6th, 12:00-2:00;
Tue October 10th, 1:00-2:30
(please call first for the October 4th and October 6th showings)
OR BY APPOINTMENT with 48 hrs. notice
No offers before Friday, October 13th at 10:00 a.m. |
|
|
| |
|
|
|
