A rare find in San Francisco, pride of ownership this mixed use building offers one commercial space that is currently leased as a restaurant, restaurant has 5 years lease and one 5 year option it is in its 2nd year . Two residential units, each unit features 3 bedrooms 2 bathrooms living, dining room and kitchen. Property was built in 1982. Rents are below market rates due to COVID. Previous owners rented units as luxury vacation rentals that were generating very high income. Cap rate based on actual income is 2.6% Performa income based on current market rents for 3/2 in the area is $5200 per month for each unit, which brings the building to a NOI of $130000 and a capital rate of 3.3%. One of the residential leases will expire this year.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
