Property Overview:
2125 Mason St and 6-8 Newell St is a vacant three-unit property in the North Beach District of San Francisco, CA, built in 1906. The property includes a single-family home and a two-unit building, separated by a courtyard, on a 0.0534-acre lot. The total living space is 3,204 sq. ft., and the projected yearly income is $190,000. The property is listed for $2,388,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 16.6% (higher than state average of 11.8%).
- Property crime risk: 6.8% (lower than state average of 10.8%).
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Schools:
Nearby schools include Francisco Middle, Yick Wo Elementary, and Galileo High.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 57.3% white-collar jobs, 42.8% blue-collar jobs.
- Unemployment rate: 3.7% (lower than state average of 4.7%).
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Demographics:
- Community population: 29,350 (4% growth since 2000).
- 44% families with children.
- Largest age group: 25-34 years (20.17%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 47.2°F (January), 66.4°F (July).
- Average rainfall: 22.5 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $67,400.
- Average annual spending: $51,712.
Property Features:
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Single-Family Home:
- 3 bedrooms, 1.5 bathrooms, and a 1-car garage.
- Includes a bonus room and full-height basement for storage.
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Two-Unit Building:
- Each unit has 2 bedrooms and 1 bathroom with separate entrances.
- Upper unit includes a bonus room for an additional bedroom or office.
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Upgrades:
- New appliances, luxury vinyl flooring, new carpet, and updated bathrooms.
- New furnace, water heater, and fresh paint.
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Investment Potential:
- Opportunity to split the property into two separate buildings with individual Tax IDs.
- Potential for condo conversion (check with city planning).
Location Benefits:
- Prime North Beach location near Chinatown, Financial District, and Russian Hill.
- Walking distance to Trader Joe’s, Starbucks, and iconic restaurants like Mama’s.
- Close to Washington Square Park and Saints Peter and Paul Church.
- Ideal for multi-generational living, rental income, or redevelopment.