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Listed by Ismael Benhamida • Compass
$1,995,000
Est. payment /mo
3,270 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
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
Lot Size 2,500 Sqft
Property Sub-Type OTHER
Source Datashare MLSListings
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
Interior
Heating Natural Gas
Cooling No Air Conditioning
Flooring Hardwood, Laminate, Tile
Fireplace No
Exterior
View City Lights
Schools
School District San Francisco Unified, San Francisco Unified
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613