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32915731
32915732

1560-1564 Cortland Avenue, San Francisco, CA 94110

RO
CA 02122038
Colliers - San Francisco, California
BL
CA 01058500
Colliers - San Francisco, California
AE
01963487
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California
$1,150,000
13 days on market
Updated 13 days ago

1560-1564 Cortland Avenue

Details
APN 5690-046
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,110
Units 3
Beds 3
Cap Rate 2.67%
NOI $30,681
Occupancy 66.67%
Tenancy Multi
Pro-Forma Cap Rate 6.69%
Pro-Forma NOI $76,949
Price per SqFt $545
Year Built 1968
Buildings 1
Stories 1
Lot Size (SqFt) 2,134
Zoning RH-1
Parking Spaces 2 spaces
Parking Per SqFt 0.95
Investment Type Value Add

Multifamily | 2.67% CAP | 3 Units

Marketing description

1560-1564 Cortland Avenue presents a rare opportunity to acquire a well-located three (3) unit apartment building in the heart of Bernal Heights, one of San Francisco's most desirable residential neighborhoods. Situated along the vibrant Cortland Avenue corridor, the property benefits from immediate access to neighborhood cafes, restaurants, boutique retail, public transportation, and convenient commuter routes throughout San Francisco and the Peninsula.

The property consists of three (3) large - 1 BD / 1 BA units and two (2) on-site parking spaces. One unit is currently vacant and remodeled, offering immediate upside for an owner-user or investor seeking strong rental income potential. Units feature functional layouts with abundant natural light, updated finishes, wood-style flooring, modernized kitchens and bathrooms, skylights in select units, and generous closet space throughout.

With one vacant remodeled unit, significant rental upside, and a highly walkable Bernal Heights location, 1560-1564 Cortland Avenue presents investors with the opportunity to acquire a well-maintained asset with strong income growth potential in one of San Francisco's most sought-after neighborhood rental markets.

Investment highlights

  • Building is not compliant with the Fire Alarm Sleeping Room Ordinance (2013 - NFPA 72 Section 18.4.1)
  • San Francisco Soft-Story Work - Not on List

Listing Contacts

RO
CA 02122038
Colliers - San Francisco, California
BL
CA 01058500
Colliers - San Francisco, California
AE
01963487
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,681.00
$2,556.75/mo

Valuation Metrics

0
DSCR
2.67%
Cap Rate
2.67%
ROI

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Additional Information

Name
Ryan O'Keefe
License
02122038
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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