6787 Mission St Daly City

LEN MOORE & MELISSA HOLDEN

OFFER 6787 MISSION ST.  DALY CITY

A 2 UNIT MIXED USE BUILDING BUILT IN 1948

   Located on a busy section of Mission St. near “Top of the Hill”, this is a great opportunity for the owner/user or investor.  Look at all of the newer and remodeled buildings in the neighborhood.  A transformation is taking place.  Take a close look at this mixed use building.  It’s beautiful and the upper unit looks amazing!  Walk to most conveniences.  Not far from BART and public transportation, the bus stops at the front of this location.

Please verify all information carefully & independently.  Please see page 2.

Street Level: A retail uniform store.  Approximately 1,100 sq/ft.

• Glass, stucco and Faux stone facia, aluminum framed, awning.
• Full occupied/leased through 3-31-19.

    2^nd. Level Flat:  Accessed via a stairway with electrically operated security gate from Mission St.  Remodeled and upgraded, painted in and out (facia only) and bathed in natural light.  Approximately 1,175 sq/ft.

• Remodeled kitchen and upgraded electrical using permits and licensed contractors just completed.
• Gorgeous new eat-in kitchen with ample new cabinets and Quartz counter space, under cabinet lighting, subway tile backsplash and Frigidaire stainless steel appliances including gas range/oven, self-cleaning/convection oven, over the range micro hood, multi-cycle dishwasher and side by side refrigerator featuring ice and water in the door.
• Cabinetry has soft close doors and drawers.
• New electrical panel, fixtures and lighting. Lighting is energy efficient, much of it is LED.
• Updated bath with ceramic tile floor, new toilet and Quartz vanity top, lighting and super quiet exhaust fan, refinished tub and tile surround and a skylight.
• Skylights bring light in from the outdoors.  The dining room skylight doubles as a light fixture.
• The spacious, bright living room has 2 new double pane windows and a wood burning fireplace.
• Period crown molding, fireplace surround and other period detail in this beautiful home.
• The dining room is spacious and has a breakfast bar opening it to the new kitchen.
• Gorgeous, refinished Oak hardwood floors extend throughout the home except the kitchen, bath and laundry which have ceramic tile floors.
• Large/master bedroom has a door to the new rear deck and back yard/patio.  Yes, the deck is new.
• Utility room has a forced air furnace and water heater plus, washer hookups that have been capped.
• New locks and other hardware.
• Ample room sizes and excellent closet space for this era building.

 Garage: Detached car garage with this property, currently leased, 425 sq/ft. prox.  It is the single wide garage with the white door accessed from the back of the main building.  From Eastlake Ave. it is the left side garage.

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Salient features of the property include but are not limited to;

• Building square footage is 2,463 Sq/Ft. (approximate, unknown) & lot size is 2,366 Sq/Ft.
• Zoning is C10000. Verify with the appropriate agencies for your intended usage.
• Year built is 1948. Construction is wood frame on a concrete slab with various types of siding.
• 3R report shows a new roof in 2012 on the main building.
• Reports & Disclosures are available upon request.

Income/projections are:

Lower commercial unit (6789 Mission) leased at       $1,900. mo.   $22,800 annually.

Upper residential flat  (6789A Mission) projected at $3,150. mo.    $37,200 annually.

Detached garage leased at $250.00 per mo.                                        $3,000 per yr.

Total projected gross, annual income                                                $63,000.

Projected GRM is 16.61.  Assuming expenses of 25% of gross income, cap rate would be 4.5%

This total is projected due to one vacant unit.

 This fine opportunity is offered at $ 1,199,000.

For further information please contact listing agents:

Len Moore  (Caldre #00918100) at 650-444-1667,  len@vilmont.com    

Melissa Holden  (Caldre #020253780) at 650-444-1633, melissa@vilmont.com.

Off. 650-595-4565      Fax. 650-595-4797

  VIP  Calbre #01254368

IMPORTANT INFORMATION-

PLEASE READ THIS CAREFULLY

All information supplied by the Listing Agent or contained herein has been obtained from multiple sources deemed reliable but it cannot be guaranteed.  We have no reason to doubt its accuracy but interested parties are urged strongly to verify any and all information for accuracy and completeness.  Specifically, you should verify each and every piece of income, expense, quantity, dimension and other information contained herein as it has not all been verified by the agent or owner.  Verifications should be completed before removing contingencies or completing the purchase.  Listing Agent & owner have not had the opportunity to measure the property therefore interested parties should not rely on square footage in this package.

The value of this or any investment is dependent upon your intended use of it, state & federal tax laws, income derived from it and your individual tax bracket.  Before purchasing you should consult your tax advisor and legal counsel in order to evaluate whether this investment is suitable for your intended purpose.