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.
Appliances: Cooktop - Gas, Dishwasher, Exhaust Fan, Microwave, Oven Range - Gas
Flooring: Hardwood, Laminate, Tile
Interior Features: High Ceiling, Vaulted Ceiling
Measurements
Living Area: 3,270
Parking
Parking
Carport: Yes
Parking Features: On Street
Schools
Elementary School
Elementary School District: San Francisco Unified
High School
High School District: San Francisco Unified
Utilities
Equipment
Heating: Fireplace, Floor Furnace, Gas
Laundry Features: Hookups Only
Sewer: Public Sewer
Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
Water Source: Public
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
