Hanna John Azar

1524 Irving St, San Francisco

$2,388,000 1524 Irving St, San Francisco, CA 94122

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 two-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 $7,000 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 vacant and rent-ready, with no San Francisco rent control.  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.

*Offering memorandum available upon request.

Investment 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-Years Lease @ $7k/Month with Attractive Annual CPI increases.

  • 2nd Floor - Massive Residential Flat w/ Private Patio. Vacant, Rent Ready, Not Subject to San Francisco Rent Control.

  • Turn Key and Remodeled Single Family Home Alternative With Income Stream.

  • CAP Rate: 5.15%

  • For Sale
    Status

Features & Amenities

Area & Lot

  • Status: For Sale

Financial

  • Sales Price: $2,388,000

1524 Irving St, San Francisco

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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