Golden State Cash Offer, LLC is direct to Seller with the right to assign equitable interest in the purchase and sale agreement.

Text, email or call Michael Meyer for all inquiries or make an offer. 

530-913-7940

Michael@goldenstatecashoffer.com

**Off Market San Francisco Home with Ocean Views**

2024 15th Ave, San Francisco, CA 94116

4 bed / 4.5 bath | 2,574 sq ft | SFR 1946 | Lot 4,094 sq. ft.

Asking Price: $2,199,999

ARV: $2,850,000

PHOTOS: 

https://drive.google.com/drive/folders/1W9Z1VFGzwmKuhL9Ntz5FoeW5XU6IFxd8?dmr=1&ec=wgc-drive-hero-goto

Details:

·       Ocean Views

·       Fully renovated home needing building permit from city to be legal

·       Abatement on title - New plans need to be drawn by architect and stamped by engineering. Then they need to be approved by the city departments, all are over the counter. Estimated cost to complete plans and permits (plans $2000, permits $2900) the fines that the city have said are going to be around $3000.

·       The work to be completed - Remove the front bedroom double-sliding door and replace it with a window. Show exterior stucco. May need to open a few walls to show plumbing and electrical. Once the plans are approved then the inspector will come out and confirm all the other works to bring property up to code.

·       Estimate to complete all work, plans and bring property up to city code is $40,000

·       House needs new appliances, updated paint, rooftop deck and landscaping. Estimate that work to cost between $80,000 to $100,000 depending on the finish and appliance costs.

·       Great opportunity for the right sophisticated investor willing to take the final steps to completion

COMPS

Comp 1 – 1024 Pacheco St. (Sold $2,880,000 5/15/24) 4bed/4bath | 2,524 sq.ft. | Built 1947 | Lot 3,868 sq. ft.

Comp 2 – 2160 Funston Ave. (Sold $2,785,000 3/17/25) 4bed/4 bath | 2,500 sq.ft. | Built 1976 | Lost 3,000 sq.ft.

Comp 3 – 2182 14th Ave. (Sold $2,350,000 10/30/2024) 4bed/3bath |2,414 sq.ft. | Built 1926 | Lot 2,060 sq.ft.

Terms: 

·        Buyer to assume liabilites and fines from city for pending the building permit

·        Cash or Hard Money loan only

·        No contingencies, buyer to due any and all due diligence prior to assigning

·        COE – 5/9/2025

·        $25,000 non-refundable EMD due in 24 hours 

·        Delivered Vacant