7700 Geary Package

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4 7700 GEARY BOULEVARD About the Property 7700 Geary Boulevard is a significant and attractive apartment property located in the Outer Richmond district of San Francisco. The 15,060 square foot building, consisting of 18 units, is located on the corner of 41st Avenue and Geary Boulevard, just steps from The Cliff House, Ocean Beach and Land’s End. The common areas of the property are adorned with intricate detailing starting in the lobby and extending to the three floors of apartments above. The building is serviced with an elevator and has a large garage that can accommodate up to 12 cars. The unit mix consists of 6 studios and 12 one-bedrooms. The property has leased laundry facilities and 6 vacant storage areas that can be rented out. The hot water is supplied by two 119 gallon hot water tanks and the steam heat is supplied by a newer boiler system. The units feature hardwood floors, walk-in closets, ornate doors and period detailing throughout. Some of the units have views of the Ocean. Coved doorways and large bedrooms make each unit stand out from the surrounding competition. The buyer of this property will benefit from the excellent location and tremendous upside in future rental income potential.
5 INVESTMENT OVERVIEW Property Information Address 7700 Geary Boulevard Cross Street 41st Avenue Neighborhood Outer Richmond Year Built 1929 7700 GEARY BOULEVARD Block & Lot 1473 - 003 # of Units # of Parking Building Size Lot Size 18 Units 12 Garage Spaces 15,060 Square Feet 7,845 Square Feet Property Highlights •Classic 1920’s architecture. Protruding bay windows offer great views and ample natural light. •Ornate details define the beautiful lobby entrance and the parapet along the roof and bay windows. •Ideal unit mix of studios and one bedrooms makes these apartments easy to rent and manage. •The units consist of spacious rooms, walk in closets, and large windows. •The garage area can fit up to 12 cars and has been reinforced with several steel frames. •There are six vacant storage areas that can be rented for additional income. •The property is located right across the street from a Walgreens and SF Fire Department Station 34. •There is significant upside potential to increase the income in the future.
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7700 Geary Package

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