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$1,995,000
Est. payment /mo
3,270 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $610
MLS Listing ID ML82006058
HOA Y/N No
Year Built 1922
Annual Tax Amount $24,325
Lot Size 2,500 Sqft
Property Sub-Type Mixed Use
Property Description
Wonderful two-unit mixed-use property in the Inner Sunset. Pride of ownership location, the property is 1 block to Golden Gate Park, and 1 mile to UCSF. The ground floor is occupied by a Japanese restaurant, which has been at this location for 50+ years. The second floor is a massive 3-bedroom/2-bathroom unit that is currently occupied collecting $5,470 a month, and benefits from an exemption of San Francisco's Rent Ordinance increase limitations. The residential flat was recently renovated and includes a living room, dining room, and a spacious family room that leads onto a large, outdoor patio. The restaurant has a new 5-year lease that began August 2022. Rent for the restaurant is $7,693 per month, and can be increased annually per the local consumer price index. Great cap rate of 6.01% and GRM of 12.63. 1524 Irving Street represents a pride of ownership asset for investors seeking reliable monthly income, long-term tenant stability, and appreciating value in one of San Francisco's most resilient neighborhoods.
Location
State CA
County San Francisco
Zoning NC2
Interior
Heating Floor Furnace, Fireplace(s)
Cooling None
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop, Microwave, Vented Exhaust Fan
Exterior
View Y/N Yes
View City Lights
Roof Type Composition,Flat
Accessibility None
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District San Francisco Unified
Others
Tax ID 1734017A
Special Listing Condition Standard
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Listed by Ismael Benhamida • Compass