Property Overview:
This single-family home is a fully detached Edwardian-style property located on a charming cul-de-sac. It presents a great investment opportunity but comes with specific conditions and restrictions. The property is tenant-occupied, sold AS-IS, and subject to San Francisco tenant rights laws.
Key Details:
- Easement Restriction: No upward expansion allowed due to a recorded easement protecting the uphill neighboring home.
- Tenant Occupancy:
- Tenant claims San Francisco City tenant protection class status.
- Current rent: $416.67/month (tenant pays for garbage, water, and PG&E).
- Lease includes long-term rent restrictions and occupancy rights potentially until 2053.
- Unconventional rental payment method noted.
- Disclosure:
- Property sold AS-IS.
- Seller reserves the right to reject, counter, or accept offers.
- No guaranteed access to the home for buyers.
- Buyers are strongly advised to review the disclosure package and consult a San Francisco landlord/tenant attorney before making an offer.
- Former Owner: Previous owner, over 100 years old, passed away of natural causes in the home.
Investment Considerations:
- Tenant Rights: Subject to Federal, State of California, City, and County of San Francisco tenant laws.
- Long-Term Lease: Potential for limited rental income growth due to tenant protections.
- AS-IS Sale: No repairs or modifications will be made by the seller.
Important Notes:
- Disclosure Package: Available by email request only.
- Legal Review Recommended: Buyers should consult with a landlord/tenant attorney to fully understand the implications of the tenant’s rights and lease terms.