551 Nevada StSan Francisco, CA 94110

Property Details for 551 Nevada St

Year built

1900

Property size (Sq ft)

3,725 SF

Property type

Specialty properties

Property subtype

Schools

Description

This exceptional mixed-use property in San Francisco's desirable Bernal Heights district presents a unique investment opportunity. The property encompasses 3,725 square feet and consists of three buildings on two lots, totaling 3,497 square feet. The main structure is a church on the ground level, complemented by two residential units above, each featuring two bedrooms and one bathroom. These units, recently updated with permitted kitchen and bathroom renovations, boast fresh paint and are currently occupied by long-term tenants at below-market rents. The property boasts a 100% occupancy rate, generating a net operating income (NOI) of $54,261, with a cap rate of 1.36%. Built in 1900 and renovated in 2018, the property is classified as Class B and features 20 parking spaces. Its convenient location offers easy access to Highways 280 and 101, proximity to the San Francisco Farmers Market, the Chase Center, and downtown San Francisco, and is only 15 minutes from SFO airport. The property is zoned RH-1 and is being sold as-is. The asking price of $4,000,000 reflects the combined sale of both 551 and 571 Nevada Street. An adjacent parking lot is also available for purchase separately. Potential buyers are encouraged to conduct their own due diligence. The seller is open to negotiating the sale of the properties individually.

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7352

Longitude

-122.412

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