1447-1449 Lombard ST

SAN FRANCISCO, CA, 94123

$3,500,000

$709 per ft²
$3,500,000
$709 per ft²
Active
Active
 - For Sale
carpenters-square
4,930 ft²
property_type
Multi-family
calendar
Built 1982
A rare find in San Francisco, pride of ownership this mixed use building offers one commercial space that is currently leased as a restaurant, restaurant has 5 years lease and one 5 year option it is in its 2nd year . Two residential units, each unit features 3 bedrooms 2 bathrooms living, dining room and kitchen. Property was built in 1982. Rents are below market rates due to COVID. Previous owners rented units as luxury vacation rentals that were generating very high income. Cap rate based on actual income is 2.6% Performa income based on current market rents for 3/2 in the area is $5200 per month for each unit, which brings the building to a NOI of $130000 and a capital rate of 3.3%. One of the residential leases will expire this year.
MLS® ID:
ML81882159
Updated:
6/28/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Central Forced Air

Exterior/Building Features

Lot Size
2,657 ft² lot
Roof
Composition
Sewer
Sewer in Street

Other Property Details

Area Name
25194
Garage
Yes
Parking
No Garage, No Parking
View
Y
County
San Francisco
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Total Stories
3
Zoning
NC-3

Property History

Date
Event
Price
Value
5/5/22
Price Change
$3,500,000
-10%

 

Courtesy of Maryann Ernst, KW Peninsula Estates

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Data last updated 7:11 PM UTC, 6/28/22

 

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