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Listed by Compass, Ismael Benhamida, Hanna John Azar Listing Contact: 4083736195
Hanna John Azar

1524-1526 Irving Street

$2,000,000 1524-1526 Irving Street, SAN FRANCISCO, CA 94122
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.
  • Sold
    Status
  • 1922
    Year Built
  • 3,270 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 3,270 Sq.Ft.
  • Total Area: 3,270 Sq.Ft.
  • Lot Size: 2,500.34 Sq.Ft.
  • MLS® ID: ML82006058
  • Type: Residential
  • Year Built: 1922
  • View Description: City
  • School District: San Francisco Unified

Interior

  • Laundry Room: Laundry Room, Washer Hookup
  • Flooring: Hardwood, Laminate, Tile
  • Appliances: Cooktop, Oven, Range, Dishwasher, Exhaust Fan, Microwave, Gas Cooktop, Gas Range
  • Other Interior Features: Vaulted Ceiling(s), High Ceilings

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Pool: None
  • Roof: Flat, Composition
  • Parking: On Street
  • Heat Type: Natural Gas, Fireplace(s), Floor Furnace
  • Air Conditioning: None
  • Sewer: Public Sewer
  • Substructure: Slab

Financial

  • Sales Price: $2,000,000
  • Real Estate Tax: $24,325/yr
  • Maintenance Fee: $2,000/mo
  • Zoning: NC2

1524-1526 Irving Street

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
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