1865-1869 union · total lot sq ft (public record) 3,436 building systems # of units 4 (2...
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M I X E D - U S E B U I L D I N G F O R S A L E
I N V E S T M E N T S A L E S
1865-1869Union
S A N F R A N C I S C O | C A L I F O R N I A
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| 1 8 6 5 - 1 8 6 9 U N I O N2
Neither the Seller of the Property nor Maven Commercial, Inc., (”Broker”) or any of their respective officers, em-
ployees or agents, make any representation or warranty, expressed or implied, as to the accuracy or complete-
ness of this confidential information and no legal liability is assumed or shall be implied with respect thereto.
Maven Commercial, Inc., has not made any investigation, and makes no warranty or representation, with respect
to the income or expenses for the subject property, the future projected financial performance of the property,
the size and square footage of the property and improvements, the presence or absence of contaminating sub-
stances, PCB’s or asbestos, the compliance with State and/or Federal regulations, the physical condition of the
improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or
intentions to continue its occupancy of the subject property. Information provided has been or will be gathered
from sources that are deemed reliable; however, neither Seller nor the Broker warrants or represents that the
information is true or correct.
Recipients are advised to verify information independently and hire all applicable professionals and experts to
assess the Property’s physical and financial condition. Seller and/or the Brokers reserve(s) the right to change
the Property’s purchase price, or any information provided, or to withdraw the Property from the market at any
time without notice. Recipients agree that the information provided by Seller and/or Broker is confidential and,
as such, agrees to hold and treat such information in the strictest of confidence.
Disclosure
DRE #01878802
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M A V E N | 3
PROPERTY OVERVIEW
Maven Commercial, Inc is pleased to present
the opportunity to purchase 1865-1869 Union
Street, a mixed-use property with two build-
ings on one parcel in San Francisco’s highly
desirable Cow Hollow. The front building,
with Union Street frontage consist of a retail
storefront on the ground floor and a com-
mercial office on the second. While the back
building consist of two 2x2 apartments and
one commercial/storage unit on the ground
floor which is occupied by the retail tenant.
While this property is currently 100% leased,
this extremely well located property is ideal
for any investor, but also lends it’s hand to a
potential owner-user as the retail unit will be
delivered vacant at the COE.
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| 1 8 6 5 - 1 8 6 9 U N I O N4
Expense Categories Current Pro-Forma
Property Taxes (1.1630%) (Est.) $59,255 $59,255
Professional Fees $790 $790
Insurance $4,500 $4,500
Utilities $2,693 $2,693
Repairs & Maintenance $8,240 $8,240
Operating Expenses $75,478 $75,478
PROJECTED ANNUAL OPERATING EXPENSES
Price $5,095,000
Estimated Interior Square Footage 5,300
Price/ Square Foot $961.32
FINANCIAL SUMMARY
FINANCIAL ANALYSIS
GENERAL INFORMATION
Address 1865-1869 Union Street
District Union
Submarket Cow Hollow
Property Subtype Mixed-Use
Total Parking Spaces None
APN 0543-026A
Total Buildings Sq Ft 5,300
Total Lot Sq Ft (Public Record) 3,436
BUILDING SYSTEMS
# of Units4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential
Year Built 1900
Gas & Electric Separately Metered
Zoning Union Street
Price Current Pro-Forma
CAP Rate 3.88% 5.42%
GRM 19.68 15.24
CAP/GRM ANALYSIS
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M A V E N | 5
Gross Income Current Pro-Forma
Gross Income $258,874 $334,360
Less Vacancy (3%) - $(10,031)
Gross Operating Income $258,874 $324,329
NNN Pass through $14,217 $27,351
Less Expenses $(75,478) $(75,478)
NOI $197,613 $276,202
ANNUAL GROSS INCOME
Suite No. Current Leases Pro-Forma Monthly Rent
Commercial
Retail Vacant at COE/Market Value $7,800 $9,100
22.3% NNN Share $1,184 $1,184
Office Month-to-Month $4,388 $4,800
20.3% NNN Share $1,078
Multi-Family
Apartment A (2x2) $4,101 $4,500
Apartment B (2x2) $2,598 $4,500
Apartment C (Studio) $1,500 $2,700
Monthly Income $21,573 $27,863
Annual Income $258,874 $334,360
RENT ROLL
FINANCIAL ANALYSIS
Price Current Pro-Forma
CAP Rate 3.88% 5.42%
GRM 19.68 15.24
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| 1 8 6 5 - 1 8 6 9 U N I O N6
FLOOR PLANS
Level 1 Ground Floor
Level 1 Mezzanine
RETAILSTORAGE
COMMERCIALCOURT YARD
RETAIL
(Additional Unit/ADU Potential)
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M A V E N | 7
Level 2 Floor
OFFICE UNIT B
Level 3 FloorUNIT A
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| 1 8 6 5 - 1 8 6 9 U N I O N8
A P A R T M E N T U N I T A & B
K I T C H E N
APARTMENT UNIT A & B
L I V I N G R O O M
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M A V E N | 9
R E TA I L
O F F I C E
RETAIL & OFFICE
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M A V E N | 1 1
C A P A N N I N A
S O U L C Y C L E L U L U L E M O N
E P I C U R I A N T R A D E R
S E P H O R AV E G A N P I C N I C
R O A M
P A L M H O U S E
NEIGHBORHOOD
S TA R B U C K S
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PA M E L A M E N D E L S O H Nof f i ce 41 5 .4 04 .6650
pa m@ mavenproper t i e s .com
DRE #00953 050
NOTICE: This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the in-
formation. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information
contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Please contact the San Francisco
Planning Department to verify zoning at (415) 558-6378, as neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information
at their own expense and bears all the risk for any inaccuracies. By receiving these materials you are agreeing to the disclaimers set forth herein. DRE#01878802
D O M I N I C M O R B I D E L L Io f f i ce 41 5 . 4 0 4 .73 1 4
d o m @ m ave n p ro p e r t i e s .co m
D R E # 02 024 3 4 8
I N V E S T M E N T S A L E S
1865-1869Union
S A N F R A N C I S C O | C A L I F O R N I A