2977 24Th StSan Francisco, CA 94110
- Mixed-use properties
- 3,168 SF
Property Details for 2977 24Th St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 3,168 SF
- Zone code
- 24MISS
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 4270 -035
- APU
- 4270035
Description
This exceptional mixed-use property, located at 2977 24th Street in San Francisco's vibrant Calle 24 Latino Cultural District, presents a unique investment opportunity. The 3,168 square foot building boasts a compelling blend of residential and retail space, currently configured as an apartment building and a convenience store. The asking price is $1,198,000, translating to $378.16 per square foot. The two-story structure is situated in a thriving area known for its diverse businesses, including specialty food stores, restaurants, and art galleries, catering to the eclectic Mission District community. The property includes a backyard and is being offered in "as is" condition. Importantly, a permit has already been approved for the addition of a ground floor residential unit, offering potential for future expansion and increased rental income. The zoning designation is 24th and Mission, and the land use is designated for stores and residential purposes. This presents a rare chance to acquire a well-situated, income-generating property in a high-demand area of San Francisco. The property's location within the Calle 24 Latino Cultural District ensures a vibrant and culturally rich environment, attracting a diverse clientele.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,053,178
- 6.5%
- $972,164
- 7%
- $902,724
-
Comparable approach
- Method
- Valuation
- Relative Method
- $934,679
- Geo Method
- $1,369,560
-
Alternative Use
- Use
- Valuation
- Residential
- $972,164
- Hospitality
- $890,497
- Educational
- $740,883
- Medical
- $766,363
- Retail
- $1,152,485
Location Insight
- City
- San Francisco
- County
- San Francisco
- State
- California
- Latitude
- 37.7524
- Longitude
- -122.411
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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