Compass Commercial is pleased to present the opportunity to acquire 5358-5360 Mission Street, a three-unit mixed-use building in the Outer Mission District of San Francisco. The building consists of two commercial units on the ground floor and one residential flat on the second floor.
The large 2-bedroom/2-bathroom residential flat has five rooms and over 1,000 sq.ft. of living space, with the option to convert the dining room into an additional bedroom. The flat has been substantially renovated down to the studs with high-quality, condo-like specs. Additionally, the property benefits from a new roof and new windows that were installed in 2012. The residential flat is exempt from the rent increase limitations of rent control, as it is the only residence on the property.*
The ground floor retail consists of Blanca's Day Care and Elan Hair Salon. Both tenants have a stable and long operating history at this location (8+ years), which adds to the strength of this investment. Low-maintenance property: commercial tenants are responsible for interior repairs & maintenance, and the residential unit pays all utilities. Rents for all three units are well below market, providing for significant rental upside. The property is well located, within
walking distance of BART, City College, Whole Foods, Safeway, and McLaren Park. The building presents investors with a diverse income stream, a high-quality, large condo-like residential flat, significant rental upside, and a low-price point investment.
The tenants pays for all utilities in the residential unit (5358 Mission), and only pays for gas and electricity in the two
commercial units (5360 and 5360A). Currently, the owner pays for water and garbage in the commercial units. A
future owner has the opportunity to recapture the water and garbage expenses.