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397-399 Cortland Ave 2,200 SF 100% Leased Retail Building San Francisco, CA 94110 $1,776,730 CAD ($807.60 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location with Excellent Accessibility, walkable to MUNI Metro, BART, and parks, situated within a thriving neighborhood retail corridor
- 400 Amp/240 Volt Electrical Service
- Additional Storage Structure and Basement Storage Space
- Highly Desirable Commercial Corridor, Fully occupied 3-unit retail property with long-term tenants and high ceilings
- Moments from Interstate 280 and Highway 101
EXECUTIVE SUMMARY
397 Cortland is a three-unit retail property situated in the highly sought-after commercial corridor of San Francisco’s Bernal Heights District.
The property is fully occupied by established tenants, including a laundromat, a pet grooming business, and an insurance agency, all secured under long-term leases. The two retail units fronting Cortland Avenue—the laundromat and the insurance agency—feature impressive high ceilings, enhancing their visual and functional appeal.
Key property highlights include individually metered utilities for gas and electricity, a sizable storage structure along Bennington Street, ample 400 amp electrical service, and additional basement storage space.
With its prime location and secure, long-term tenancy, this property represents a compelling investment opportunity in a thriving retail market.
The property is fully occupied by established tenants, including a laundromat, a pet grooming business, and an insurance agency, all secured under long-term leases. The two retail units fronting Cortland Avenue—the laundromat and the insurance agency—feature impressive high ceilings, enhancing their visual and functional appeal.
Key property highlights include individually metered utilities for gas and electricity, a sizable storage structure along Bennington Street, ample 400 amp electrical service, and additional basement storage space.
With its prime location and secure, long-term tenancy, this property represents a compelling investment opportunity in a thriving retail market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,200 SF
Building Class
C
Year Built
1916
Price
$1,776,730 CAD
Price Per SF
$807.60 CAD
Cap Rate
5%
NOI
$88,903 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.08 AC
Zoning
NCD
Frontage
51’ on Cortland Ave
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5667-013 | Total Assessment | $2,182,515 CAD (2025) |
| Land Assessment | $1,527,760 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $654,754 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5667-013
Land Assessment
$1,527,760 CAD (2025)
Improvements Assessment
$654,754 CAD (2025)
Total Assessment
$2,182,515 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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397-399 Cortland Ave
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