3117-3119 24Th StSan Francisco, CA 94110

Property Details for 3117-3119 24Th St

Property size (Sq ft)

3,658 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional San Francisco investment property, located at 3117-3119 24th Street in the vibrant Mission District (zip code 94110), offers a compelling blend of commercial and residential space. The property, a completely remodeled two-story building (APN 6520-038), boasts a total of 3,658 square feet, including 2,410 square feet of net rentable space. The asking price is $1,925,000, representing a price per square foot of $526.24 and a pro-forma cap rate of 5.82% with a pro-forma NOI of $112,098. The building, classified as Class B, underwent a complete renovation in 2023, encompassing roof replacement, electrical upgrades, new windows, appliances, bathrooms, flooring, kitchen, and fresh paint. The ground floor commercial storefront is zoned NCT and can be easily divided into two separate units (permits already granted), offering flexibility for various business models. This space also features a convenient back patio. Upstairs, a comfortable residential unit provides additional income potential or owner-occupancy. This unit includes a new back deck and an extra deck off the master bedroom. The ground floor bathrooms are ADA compliant. The property sits on a 2,500 square foot lot and benefits from its vibrant mid-block location on 24th Street, close to public transportation and BART, ensuring high visibility and accessibility. This owner-user opportunity presents a rare chance to acquire a turnkey property in a highly desirable San Francisco neighborhood. The property is a sole ownership.

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7523

Longitude

-122.415

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