Description
Wonderful two-unit mixed-use property in the Inner Sunset, with no rent control. Pride of ownership location. Located one block from Golden Gate Park, and one mile from UCSF. The ground floor is occupied by Sushi Goemon, a well-known Japanese restaurant, which has been at this location for 40+ years. The second floor is a fully renovated massive 6-room, residential flat which is vacant with no rent control. It has a new kitchen and bathrooms with cabinets, countertops, stainless appliances, doors, new flooring, and paint. The 2-Bed/2-Bath residential flat has a living room, dining room, and a spacious family room that leads onto a large, outdoor patio. A 5-year lease commenced in August 2022 for Sushi Goemon with rent of $7,000 per month and annual CPI increases. CAP Rate = 5.15% and GRM = 15.31. Excellent opportunity for both the cash flow & appreciation minded investor. Offering memorandum available. Note: Virtually staged.
Location
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