Reviews & Listings By: Kevin Delmore
About Kevin Delmore: Kevin joined Wheelhouse from Salesforce.com's corporate sales team where he developed an acute understanding of changing technologies and how businesses can leverage new applications to best serve their clients. This attracted Kevin to the values of Wheelhouse, and has allowed him to pursue his longtime interest in California real estate. A Bay Area native, Kevin returned to San Francisco after graduating from college at UC Santa Barbara in 2004, where he earned his degrees in Business Economics and Global Studies, to study law at UC Hastings College of Law.
"Having come from the technology sector, I know first hand how important the adoption of new applications and business models is to a business's, and ultimately their clients', success. Technology provides the tools one needs in competitive markets, and of course investment real estate is no exception. Wheelhouse is revolutionizing the field and setting the bar for client service, two things that make me proud and excited to have come on board, and confident that I will be able to provide the best to my clients."
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1030 Larkin St, San Francisco
Review By:
Kevin Delmore (415) 367-3851
Reviewed On: 2008-06-20
| Listing Price: |
| $1,999,000 |
Units: |
16 |
| Price/Unit: |
| $124,938 |
Price/SqFt: |
$286 |
| Cap Rate: |
| 5.05% |
GRM: |
14.81 |
Pros: Fairly low price per unit, and with the stated gross income the average rent per unit is about $660/month, which is well below market.
Cons: Current numbers are quite low, and given SF rent control it could take a while to get the numbers closer to market. The building itself iis a bit tired looking, too.
The Wheel Deal: At first glance there really isn't anything making this an attractive deal, but look more into it, and there could be a great project for the right buyer. If nothing else, get those rents up!
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