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This 2 Unit Mixed-Use Property consists of a ground floor retail space and a three bedroom, 2 bath split level living unit above.

The living unit offers an eat-in kitchen, formal dining room with ornate crown molding, a living room with a large wood burning fireplace and hardwood floors throughout. The rooms are spacious and the master bedroom suite has 4 closets and an attached sunroom which can be used as a home office, workout area or nursery. There is a grass backyard which can be used for a garden or a small retreat for relaxing in the sun. Possible Roof Deck Potential. Buyer to verify with the City. 

The units are separately  metered for gas and electricity. All tenants pay for their own garbage. The water bill is shared. And, the basement is approximately 300 SF. 

Located on a PREMIUM BLOCK in the Heart of Noe Valley on 24th Street between Noe and Sanchez Streets. This is an outstanding retail and livng location. There is tremendous upside potential in the current rents, making this an excellent opportunity to add value. 

Schedule


 

 

Additional Showings by Appointment:
Contact Cheryl Villanueva
415-894-5202
cheryl@cherylv.net



Neighborhood


Noe Valley

Where do San Francisco hipsters move when they grow up? Noe Valley. This small enclave nestled in the hills above San Francisco Bay is proof positive you don't have to leave the city when you transition from Stoli to stroller.

Jaw-dropping views of the bay looking east toward Oakland greet you from almost any street corner. Boutiques are chockablock here. With bakeries like Noe Valley Baking Company and restaurants that have become beloved neighborhood institutions, like Firefly, Noe Valley is paradise for foodies. Thanks to the Noe Valley Farmers market, locals never have to leave the neighborhood to get their fix of fresh organic vegetables, fruit and honey.

Some of the best public schools in the city are here in Noe Valley. Fairmount Elementary School and Alvarado Elementary School are both notable for their levels of family involvement. James Lick Middle School prepares students with language immersion programs, award winning art, music, and media programs. 

Nightlife? Got it. From the divey Valley Tavern to the awesome selection of imported beers at The Dubliner, Noe Valley is increasingly known for its nightlife. For live music check out Noe Valley Ministry, presenter of world class performers in folk, world music and the alt-rock scene.

Noe Valley is that prized thing in San Francisco: a place where families can put down roots, straight through the sidewalks of 24th Street.



Price Summary


PROPERTY OVERVIEW | 3910 – 3912 24TH STREET

 

PRICING SUMMARY

 

PRICE ………………………………… $ 3,320,000

COST/UNIT ………………………..... $1,660,000

PROJECTED CAP RATE ……………. 4.4%

BUILDING SQUARE FOOTAGE …… 4,600

COST / SQUARE FOOT …………... $721.74

GRM …………………………………… 16.6

LOT SIZE ……………………………… 2,850

YEAR BUILT ………………………….. 1925

ZONING …………………………………. 24NOE

 

ANNUALIZED OPERATING DATA

SCHEDULED GROSS INCOME ……….. $199,716

LESS VACANTY RATE ……………1.5%. $2,996

GROSS OPERATING INCOME …………$196,720

LESS EXPENSES ………………………….$50,000 (est.)

NET OPERATING INCOME ……………..$146,720

 

Rent Roll

Unit 3910, Retail, Current Rent $6,367, Projected Market Rent $10,643

Unit 3912, 3 Bedroom, Vacant, Projected Market Rent $6,000

 

Monthly Rent is $6367

Projected Market Rent is $16,643

 

Annual

Current Annual $76,404

Projected Annual $199,716



3D Virtual Tour

Contact

Cheryl Villanueva

Cheryl Villanueva

Realtor Broker OwnerAchievers Realty GroupCalBRE# 01248078415.894.5202 directcheryl@cherylv.nethttp://smallrealtorbigresults.com