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.
For sale
$1,995,000
1524-1526 Irving St, San Francisco, CA 94122
--beds
--baths
3,270sqft
Est.:
MultiFamily
Built in 1922
-- sqft lot
$1,891,700 Zestimate®
$610/sqft
$-- HOA
What's special
Spacious family roomDining roomLarge outdoor patio
- 108 days
- on Zillow |
- 472 |
- 18 |
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