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San Francisco, CA 94133
- Single Family Home / REO Foreclosure
Property Details for null St, San Francisco, CA 94133
Features
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Facts
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Description
This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.
552-566 Columbus Avenue is a three-story mixed-use building. Built in 1909, the structure includes 3,945 square feet of gross building area that includes three ground floor retail units and is currently configured above with 4 residential units. The units above have also previously been rented as offices. The city of San Francisco in the RRR report listed the present authorized occupancy or use as Unknown & Commercial. We have underwritten it as 4 residential units over 3 commercial for this offering. Buyers are advised to see appropriate council for approved use of the building. The Commercial Tenants include a restaurant Mario's Bohemian Cigar Store Caf'' which has been in the building for close to 50 years. Mario's lease term is month to month, the hair cutting salon has a lease that expires in 2025, one vacant space that was last used as a phone repair retail shop, and a billboard on the roof paying $750 per month.
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