Property Overview:
1129-1133 Balboa St is a three-unit building located in the Inner Richmond District of San Francisco, CA, built in 1905. The property features 4 bedrooms, 3 bathrooms, and 2,382 sq. ft. (appraisal measured at 3,037 sq. ft.) of living space. It includes a parking garage and has been well-maintained with updates such as a new rear roof (2019), new water heaters, and a replaced front stairway and porch (2024). The property is fully occupied with 37% rental upside. The estimated home value is $2,401,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 17.8% (higher than state average of 11.8%).
- Property crime risk: 11.3% (higher than state average of 10.8%).
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Schools:
Nearby schools include Argonne Elementary, San Francisco County Regional Occupational Program, and Roosevelt Middle.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 71.3% white-collar jobs, 28.7% blue-collar jobs.
- Unemployment rate: 3.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,471 (2% growth since 2000).
- 49% families with children.
- Largest age group: 25-34 years (19.73%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 48.2°F (January), 64.4°F (July).
- Average rainfall: 21.2 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $96,086.
- Average annual spending: $64,455.
Property Features:
- Detached on three sides, allowing for ample natural light.
- Located in the desirable Inner Richmond neighborhood, offering a mix of city living and a suburban feel.
- Walkable access to the Inner Richmond commercial strip, Golden Gate Park, and quick highway access.
- Stabilized asset with growth potential in one of San Francisco’s most popular neighborhoods.
Location Benefits:
- Commuter-friendly: Convenient access to public transportation and major highways.
- Ideal for tenants seeking a balance of urban amenities and suburban comfort.