LEN MOORE OFFERS

6055 (6053) MISSION ST.  DALY CITY 

Located on a busy section of Mission St. near the San Francisco border, this is a great opportunity for the owner/user or investor.  Look at the ongoing construction in the neighborhood.  A transformation is taking place.  Take a close look at this mixed use building.  It’s beautiful!

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

Street Level: A former restaurant, the space is now vacant.

• Glass facia, anodized aluminum framed.  New sensor exterior lighting.
• Drop ceiling with florescent lighting.  Suspended lighting over the counter.
• Tile floor in front area.
• Counter surrounding the cooking/prep area, multiple stainless sinks, multiple 220V outlets and shelving.
• Commercial gas stove, fire suppression and ventilation system.
• Large dining or meeting room.      
• 2 restrooms, possible potential for expansion.
• Mechanical room with a newer (2016) water heater plus, 2 storage rooms.
• Seismically upgraded in 1998.
• No heat or A/C.

2^nd. Level Flat:  Accessed via a stairway from Mission St.  Remodeled and upgraded, bathed in natural light.

• Remodel using permits and licensed contractors just completed.
• All new Simonton Argon filled double pane windows except one wire reinforced window on the back wall.  Street facing windows are laminated for sound proofing.  Listen to the silence!
• Gorgeous new kitchen with ample cabinets and Quartz counter space, under cabinet lighting, subway tile backsplash and Frigidaire Gallery stainless steel appliances including sealed top range, self-cleaning/convection oven, over the range micro hood with sensor cooking, multi-cycle dishwasher and French door, counter depth fridge.
• Cabinetry includes lazy susan plus soft close doors and drawers.  2 upper cabinet doors are glass.
• New electrical panel, fixtures and lighting. Lighting is energy efficient, much of it is LED.
• 2 remodeled baths with custom ceramic tile floors and inlaid shower surrounds, all new fixtures, lighting and super quiet exhaust fans.  Plumbing fixtures are water saving.
• Tall baseboards, wainscoting and high ceiling in most of this flat.
• Quality interior doors and hardware, all new.
• All new roof and double pane skylights.
• Front offices/bedrooms have bay windows, genuine Oak T & G hardwood floors, high ceilings with crown moldings and are bathed in natural light.  Great office or bedroom space.
• Hardwood floors extend down the hall into the family room and kitchen.  Bedrooms are carpeted.
• Largest bedroom is set up as a living room; its final use is yours to decide.
• 50 gallon water heater is new and Carrier forced air furnace is a newer energy efficient model.
• Rear family room contains laundry area and water heater closet.  The wire reinforced glass window is not double pane.
• Excellent closet space for this era building.

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

• Building square footage is 3,700 S/FT. (approximate, unknown) & lot size is 1,950 S/FT.
• Zoning is CL00C1. Verify with the appropriate agencies for your intended usage.
• Year built is unknown. Construction is wood frame on a concrete slab.
• Reports & Disclosures are available upon request.

Income projections are:

Lower commercial unit (6055 Mission) $2,565 mo.  $30,780 annually.

Upper residential flat  (6053 Mission) $3,650. mo.    $43,800 annually.  Total projected gross income $74,580.

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

These are projections.

This fine opportunity is offered at $ 1,289,000.

For further information please contact listing agent LEN MOORE (Calbre # 00918100)  at-

Off. 650-595-4565      Cell. 650-444-1667       Fax. 650-595-4797

E-mail: len@vilmont.com

“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 purpo