Property Overview:
2398 30th Avenue is a mixed-use property in the Parkside neighborhood, offering a blend of residential and commercial potential. It features two spacious residential units, approved plans for an ADU (Accessory Dwelling Unit) with a roof deck, and a street-level commercial space currently designed as a hair salon. The property spans 1,189 sq. ft. and is located in the NCD-TARAVAL-50-X zoning area. The main house will be delivered vacant.
Neighborhood Highlights:
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Prime Location:
- Easy commute to downtown San Francisco.
- Walking distance to Andytown Coffee Roaster, four-star Yelp restaurants, unique shops, Ocean Beach, and the zoo.
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Community Appeal:
- Vibrant neighborhood with a balance of city life and a welcoming community.
Property Features:
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Residential Units:
- Spacious layouts with high ceilings, hardwood floors, and modern kitchens.
- Designed for natural light and contemporary living.
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ADU Potential:
- Approved plans for a versatile ADU with a roof deck.
- Flexible use as a guest suite, rental unit, or home office.
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Commercial Space:
- Street-level hair salon designed for business owners to engage with the community.
- Visible storefront in a popular neighborhood.
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Rental Income Potential:
- Projected annual rent of $127,069 with a GRM of 15.7 and a Cap Rate of 4.9% when fully leased.
- If the buyer occupies the house, the commercial rent of $61,068 annually can offset mortgage, taxes, and insurance.
Location Benefits:
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Commuter-Friendly:
- Convenient access to downtown San Francisco and nearby attractions.
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Investment Opportunity:
- Ideal for owner-occupiers or investors looking to maximize rental income or leverage the commercial potential.