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FINE 1900s VICTORIAN

Vacant 3-Unit Mixed-Use Income Property

Mission District

This time honored 1900s Victorian sits proudly on the corner of York and 20th Streets in the heart of the Inner Mission, San Francisco. 725 York Street is a fully vacant three-unit income property comprising of one ground floor commercial unit and two one-bed/one-bath residential units on the second floor. A swank back patio, detached office and single-car garage complete the property. This building is famed for its distinctive dive-bar, the Jay 'n Bee Club, which has been a fixture there for more than 70 years. Neighborhood patrons love the corner hangout - its laid back vibe, fine selection of beer, and thin crust pizza. With a distinct history and lots of local social clout, this one-of-a-kind property has adapted to the Mission neighborhood over time.

Ground Level

Upon entering the corner commercial unit on York and 20th, you'll find the vibrant old Jay 'n Bee Club with comfortable table-seating, a pool table and bar to rest your drink, a full wrap around bar with plenty of stool seating, two bathrooms, a professional kitchen, and a cozy and intimate outdoor patio. The patio is fully enclosed and features lighting and a large white awning. A private office (with its own York Street entrance), a single-car garage, and a handsome line of five Magnolia trees finish 725 York Street.

Upper Level

The second story comprises of two bright and airy one-bedroom, one-bath apartments - each with a private front entrance and interior stairway. Polished wood floors, period details, and elegant bay windows make these units warm and inviting. At the back is a shared porch overlooking the neighborhood, a bar office (formerly a laundry room), and a spiral stairway leading to the patio.

725 York Street is located in the vibrant Inner Mission with hip eateries, bustling businesses, neighborhood parks, and convenient access to public transportation and highway 101. Be the first to view this distinctive property in person. 

  • 3-Unit Mixed-Use Property
  • Corner Lot - Inner Mission District
  • 120 Year Old Victorian
  • 1 Ground Floor Commercial Unit (Jay 'n Bee Club)
  • 2 One-Bedroom, One-Bath Residential Units
  • Fully Enclosed Back Patio 
  • Detached Office and Single-Car Garage
  • All 3 Units Are Vacant
  • Separately Metered PG&E
  • Projected Annual Income: $144,000
  • GRM: 13.87  |  CAP: 5.53%
  • Building Square Footage (as per tax records): 3,168
  • Lot Square Footage (as per tax records): 2,576
  • Year Built: 1900 (as per tax records)
  • Parcel No. 4079-018

Business opportunity including a 47 liquor license offered through ARG Real Estate, Jason Gomez. List price $300,000.  

 

Financial Overview

PROJECTED ANNUAL OPERATING INCOME

List Price: $1,998,000
Price Per Sq Ft: $630.68
Price Per Unit (average): $666,000
GRM: 13.875
CAP Rate: 5.53%
Projected Annual Income: $144,000
Estimated Annual Expenses: $33,475
Net Operating Income: $110,525

 

PROJECTED ANNUAL EXPENSES

Property Tax At List Price: $24,175
Property Insurance: $4,200
Water: $5,100 
Total Estimated Annual Expenses: $33,475

 

PROJECTED RENT 2019 

1 Commercial Space   |   2 Residential Apartments

Unit No. Location Unit Type Projected Rent
2736 20th Street Ground Floor Commercial Unit  $6,000
2734 20th Street Second Floor  1 BR, 1 BA $3,000
725 York Street Second Floor  1 BD, 1 BA $3,000

 

Total Projected Monthly Income 3 Units $12,000

 



Neighborhood


Sunny, flat, and centrally located, the Mission represents the heart and especially the soul of San Francisco. Equally attractive to immigrants and a burgeoning herd of hipsters in ironic t-shirts, the Mission is still the melting pot 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, post office, office supplies, and a Peets Coffee. The museum district at 3rd and Howard is nearby, and the ball park is not far. Public Transportation is great. MUNI bus lines crisscross the neighborhoods and there two BART stations at 16th and Mission and 24th and Mission 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, floor through workspaces. These attracted a new kind of immigrant 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 taste 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.

 

Property specialist and listing agent, Angelo Cosentino, is at the ready to help you find the right fit for your lifestyle and needs. Call (415) 298-9171 from 7 am to 7 pm, any day of the week.

For advice and tips on preparing your property for sale, email [email protected] or visit www.angelocosentino.com for more information.

 

Schedule

Open Houses:

Saturday, March 9th from 2 - 4 pm

Sunday, March 10th from 2 - 4 pm

Saturday, March 16th from 2 - 4 pm

Sunday, March 17th from 2 - 4 pm

 

Brokers Tour:

Tuesday, March 12th from 2 - 3:30 pm 

 

Offers:

Welcome Monday, March 18th by 5 pm

 

Additional Showings by Appointment:
Contact Angelo Cosentino

[email protected]

Property specialist and listing agent, Angelo Cosentino, is at the ready to help you find the right fit for your lifestyle and needs. Call (415) 298-9171 from 7 am to 7 pm, any day of the week.

For advice and tips on preparing your property for sale, email [email protected] or visit www.angelocosentino.com for more information.

 

Contact


Angelo Cosentino

Top Ranking Listing AgentExperienced | Tech Savvy | ReviewsCompasscalDRE# 01224460(415) 298-9171 mobilewww.angelocosentino.com