2001 17Th StSan Francisco, CA 94103

Property Details for 2001 17Th St

Year built

1907

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

3,000 SF

Zone code

RH2

Property type

Retail residential properties

APN

3977 -001

APU

3977001

Description

This exceptional San Francisco investment property at 2001 17th Street offers a unique blend of income-generating assets. The ground floor houses a well-established restaurant, Live Sushi, operating under a double-net lease of $6,350 per month, expiring in 2025 with a five-year extension option. This tenant has a proven track record, operating in this location for over 15 years and managing other successful restaurants. The 3,700 square foot building sits on a 2,308 square foot lot and boasts a high-traffic corner location in the rapidly developing Potrero Hill neighborhood. A significant 300,000+ square foot life science development is underway across the street, scheduled for completion in June 2023, promising further neighborhood growth and increased foot traffic. Adding to the investment potential, the second floor has approved permits for conversion into a four-bedroom, two-bathroom single-family home, presenting a lucrative opportunity for additional rental income or resale. The property's strong financial performance is reflected in its $1,850,000 asking price, 6.44% cap rate, and a current NOI of $142,008. The building, constructed in 1907, is situated near amenities such as Whole Foods, coffee shops, Anchor Steam Brewery, and the Chase Center, enhancing its appeal and potential for future appreciation. This is a rare opportunity to acquire a mixed-use property in a prime San Francisco location with significant upside potential. The 50% occupancy reflects the vacant second floor, offering immediate value-add potential.

• CAP approach

  CAP return

  Valuation

  6%

  $915,218

  6.5%

  $844,816

  7%

  $784,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $582,461

  Geo Method

  $853,465

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,646,470

  Retail / Commercial

  $846,278

  Hospitality / Lodging

  $621,840

  Office

  $841,418

  Institutional / Educational

  $878,824

  Residential Income

  $1,028,220

  Multifamily

  $1,224,570

  Automotive / Energy

  $753,278

  Parking / Income-Based Land

  $258,410

  Restaurant / Food Service

  $442,716

  Healthcare / Senior Housing

  $864,748

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7645

Longitude

-122.404

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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