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3117-3119 24th St

3,658 SF Vacant Retail Building San Francisco, CA 94110 £1,509,989 (£413/SF) 5.82% Net Initial Yield

Investment Highlights

  • Complete remodel: Roof, electrical upgrades, windows, appliances, bathrooms, flooring, kitchen, paint, etc
  • Back Patio on Ground Floor
  • Ground Floor Bathrooms are ADA Compliant
  • Commercial unit can be divided into two units (Permits granted)
  • New back deck & new extra deck at the front Airbnb master BR
  • Vibrant mid-block building on 24th St

Executive Summary

• Perfect of owner-user. Property can be delivered vacant.
• Complete remodel: Roof, electrical upgrades, windows, appliances, bathrooms, flooring, kitchen, paint, etc.
• Commercial unit can be divided into two units (Permits granted)
• Back Patio on Ground Floor
• New back deck & new extra deck at the front Airbnb master BR.
• Ground Floor Bathrooms are ADA Compliant
• Vibrant mid-block building on 24th St
• Location close to public transportation and Bart.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £122,839 £33.58
Other Income - -
Vacancy Loss £6,142 £1.68
Effective Gross Income £116,697 £31.90
Taxes - -
Operating Expenses - -
Total Expenses £28,138 £7.69
Net Operating Income £88,558 £24.21

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £122,839
Annual Per SF £33.58
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £6,142
Annual Per SF £1.68
Effective Gross Income
Annual £116,697
Annual Per SF £31.90
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £28,138
Annual Per SF £7.69
Net Operating Income
Annual £88,558
Annual Per SF £24.21

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,658 SF
Building Class
C
Year Built/Renovated
1913/2023
Price
£1,509,989
Price Per SF
£413
Net Initial Yield
5.82%
NOI
£87,931
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
1.40
Land Acres
0.06 AC
Zoning
NCT - This beautifully remodeled duplex offers a unique opportunity to own both commercial and residential spaces in one of the most vibrant neighborhoods.
Frontage
20 ft on 24th St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 657 SF
  • Office/Retail
  • -
  • Now

We have two spaces available. #B is around 1,700 sq.ft with a private back yard. The second one is around 657 sq.ft plus the back yard.

  • B
  • 1,758 SF
  • Office/Retail
  • -
  • Now

Looking for the perfect location for your office or medical practice in San Francisco? Look no further! We are thrilled to present an exceptional leasing opportunity at our prestigious property on 24th Street, situated in the heart of this vibrant neighborhood. If suites A & B are leased together the rental rate is flexible.

Space Size Space Use Position Available
A 657 SF Office/Retail - Now
B 1,758 SF Office/Retail - Now

A

Size
657 SF
Space Use
Office/Retail
Position
-
Available
Now

B

Size
1,758 SF
Space Use
Office/Retail
Position
-
Available
Now

A

Size 657 SF
Space Use Office/Retail
Position -
Available Now

We have two spaces available. #B is around 1,700 sq.ft with a private back yard. The second one is around 657 sq.ft plus the back yard.

B

Size 1,758 SF
Space Use Office/Retail
Position -
Available Now

Looking for the perfect location for your office or medical practice in San Francisco? Look no further! We are thrilled to present an exceptional leasing opportunity at our prestigious property on 24th Street, situated in the heart of this vibrant neighborhood. If suites A & B are leased together the rental rate is flexible.

Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Biker's Paradise (100)
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

Chase Bank
Bank of Montreal
Grocery Outlet
Bank of America
Curves
Mr. Pickle's Sandwich Shop
Mollie Stones Markets
Twin Peaks
Starbucks
Krispy Krunchy Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6520-038
Land Assessment
£685,620 (2023)
Improvements Assessment
£293,837 (2023)
Total Assessment
£979,457 (2023)
  • Listing ID: 29556060

  • Date on Market: 19/09/2023

  • Last Updated:

  • Address: 3117-3119 24th St, San Francisco, CA 94110

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