1524-1526 Irving St - Storefront Retail/Residential FOR SALE


San Francisco, CA 94122- Inner Sunset
$1,995,000 USD
415-875-0177
1524-1526 Irving St, San Francisco, CA for Sale
$1,995,000 USD
Storefront Retail/Residential - FOR SALE
1/61
null | 6.02% Cap Rate

1524-1526 Irving St
San Francisco, CA 94122
Inner Sunset


HIGHLIGHTS

  • Pride Of Ownership Location - 1 Block to Golden Gate Park, 1 Mile to UCSF.
  • Ground Floor - Sushi Goeman - 40 Years at Location And New 5-Year Lease with Attractive Annual CPI increases.
  • 2nd Floor - Massive Residential Flat w/ Private Patio, Not Subject to San Francisco Rent Control.
  • Turn Key and Remodeled Single Family Home Alternative With Income Stream.

OVERVIEW

1524 Irving Street is a wonderful two-unit mixed-use property located in San Francisco's Inner Sunset District. The property is situated on a 2,500-square-foot lot and has a rentable area of approximately 3,270 square feet consisting of Sushi Goeman Restaurant on the ground floor and a renovated three-bedroom/two-bathroom residential unit on the second floor that can be used as a rental unit, or an excellent owner-user opportunity. The residential unit has a brand new kitchen and bathrooms, new cabinets, countertops, stainless appliances, paint, and doors. The current rent on the ground floor is $7,693 per month and a new 5-year lease agreement was just signed in August 2022. Rent for the restaurant can be increased annually per the consumer price index for San Francisco. The second floor is a large residential flat that is currently occupied, and features no San Francisco rent control rent increase protections. Located in the Inner Sunset one block from Golden Gate Park and UCSF, 1524 Irving Street is a pride of ownership asset for the both the cash flow and appreciation minded investor.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

NC2

APN/PARCEL ID

1734-017A

ASK ABOUT THIS PROPERTY

Hanna John AzarCompass CommercialMore Info
415-875-0177

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Hanna John AzarCompass CommercialMore Info
415-875-0177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.