1524-1526 Irving ST

SAN FRANCISCO, CA, 94122

$2,388,000

$730 per ft²
$2,388,000
$730 per ft²
Active
Active
 - For Sale
carpenters-square
3,270 ft²
property_type
Multi-family
calendar
Built 1922
Wonderful two-unit mixed-use property in the Inner Sunset, with no rent control. 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 40+ years. The second floor is a massive 6-room residential flat which is vacant with no rent control. The residence 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 $7000 per month, and can be increased annually per the local consumer price index. Great cap rate of 5.03% and GRM of 15.31. Significant income and value upside from renovating the residential unit. Single family home alternative with income stream. Excellent opportunity for the cash flow & appreciation minded investor. Open house Thurs. 9/29 from 11am-1pm. Offering memo available.
MLS® ID:
ML81907245
Updated:
9/27/22
eXp Realty of California, Inc.
Rosie Poliquin

Interior Features

Kitchen Features
Cooktop - Gas, Countertop - Laminate, Dual Fuel, Exhaust Fan
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Hookups Only
Floor Description
Hardwood, Tile
Cooling
None
Heating
Fireplace, Floor Furnace, Gas

Exterior/Building Features

Lot Size
2,500 ft² lot
Lot Details
Grade - Gently Sloped, Regular
Roof
Composition, Flat / Low Pitch
Sewer
Sewer - Public

Other Property Details

Area Name
25147
Garage
Yes
Parking
On Street
View
Y
County
San Francisco
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Total Stories
2
Zoning
NC2

 

Courtesy of Ismael Benhamida, Compass

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rosie Poliquin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:23 AM UTC, 9/27/22

 

eXp Realty of California, Inc.
Rosie Poliquin
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