Just Sold: LL CRE Group Closes on 4400 Anza Street
This apartment located next to the busy Geary Boulevard corridor consists of seven 1-bedroom units with the potential to easily convert to 2 bedroom units.
Outer Richmond Multifamily Asset Sold in As-Is Condition, Sellers Accomplished Their Goal of Increasing Cash Flow in 1031 Exchange
The LL CRE group is pleased to to announce the sale of 4400 Anza St. LL CRE was able to obtain an AS-IS offer for the Sellers, and help them achieve their goals of reducing their management responsibilities and increasing their cash flow. The Sellers were able to take advantage of the built up equity in their property and 1031 exchange into another asset class.
Highlights
Corner Marina style building in the Richmond neighborhood
Large 1-Bedroom units with conversion potential to 2-Bedrooms
113% Upside in Rents
Soft Story Work Completed
Walking Distance to an abundance of retail services, restaurants, and entertainment options at the Geary, Balboa, and Clement commercial corridors
1 Block away from the 38 and 1 Muni bus lines allowing for easy commuting to Downtown San Francisco and SOMA
