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1687-1689 Church St

3,058 SF 38% Leased Retail Building San Francisco, CA 94131 $1,695,000 ($554/SF) 6.68% Cap Rate

Executive Summary

Prime Investment Opportunity or Owner User in Noe Valley: 2-Unit VACANT Mixed-Use Building on Church Street Overview: Discover an exceptional investment opportunity in the heart of San Francisco's coveted Noe Valley neighborhood. This charming 2-unit mixed-use building, situated on bustling Church Street, seamlessly blends commercial and residential spaces, offering unparalleled potential for both investors and owner-occupiers. Commercial Space: Ground Floor - Fully Equipped Restaurant Step into a thriving restaurant space on the ground floor, complete with a full kitchen, modern appliances, and tasteful decor. This turnkey establishment boasts a loyal customer base and enjoys significant foot traffic, making it an ideal venture for restaurateurs or savvy investors looking to capitalize on the area's vibrant dining scene. Residential Space: Upstairs - Spacious 3 Bedroom, 2 Bathroom Flat Ascend to the upper level, where you'll find a beautifully appointed 3-bedroom, 2-bathroom flat. This residence offers a perfect blend of comfort and style, featuring living room, dining room and eat-in kitchen, and ample natural light.

Financial Summary (Pro forma - 2023)

Annual Annual Per SF
Gross Rental Income $128,400 $41.99
Other Income $41,563 $13.59
Vacancy Loss - -
Effective Gross Income $169,963 $55.58
Taxes - -
Operating Expenses - -
Total Expenses $56,781 $18.57
Net Operating Income $113,182 $37.01

Financial Summary (Pro forma - 2023)

Gross Rental Income
Annual $128,400
Annual Per SF $41.99
Other Income
Annual $41,563
Annual Per SF $13.59
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $169,963
Annual Per SF $55.58
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $56,781
Annual Per SF $18.57
Net Operating Income
Annual $113,182
Annual Per SF $37.01

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,058 SF
Building Class
C
Year Built
1908
Price
$1,695,000
Price Per SF
$554
Cap Rate
6.68%
NOI
$113,183
Percent Leased
38%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.06 AC
Zoning
NC1
Frontage
22 FT on Church St

Amenities

  • Metro/Subway
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Twin Peaks
CrossFit
Safeway
Chase Bank
Starbucks
Umpqua Bank
Bank of Montreal
Grocery Outlet
Bank of America
Whole Foods Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6618-020
Land Assessment
$1,067,865
Improvements Assessment
$841,727
Total Assessment
$1,909,592
  • Listing ID: 32465025

  • Date on Market: 7/1/2023

  • Last Updated:

  • Address: 1687-1689 Church St, San Francisco, CA 94131

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