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.
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%