Property Overview:
3950 Balboa St is a mixed-use property in the Outer Richmond Commercial District, San Francisco, CA, built in 1927. It features a full-floor residential flat with 4 bedrooms, 2 bathrooms, and ocean views, as well as a commercial unit currently leased to a long-term business. The property spans 3,300 sq. ft. of combined living and commercial space and includes a detached two-car garage. It is priced at $2,044,000 (approximately $619 per sq. ft.) and is ideal for an SBA loan.
Neighborhood Highlights:
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Prime Location:
Situated at the intersection of 41st Ave and Balboa, just blocks from Balboa Village, offering access to restaurants, cafes, bakeries, and shops.
Close proximity to Golden Gate Park and Ocean Beach. -
Schools:
Nearby schools include Lafayette Elementary School, Presidio Middle School, and St. Thomas The Apostle School.
Property Features:
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Residential Unit:
- 4 bedrooms and 2 bathrooms with breathtaking ocean views.
- Separate meters for convenience and efficiency.
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Commercial Unit:
- Leased to a long-term business owner with a Type 21 Liquor license.
- Provides a steady income stream.
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Additional Income:
- Includes a billboard for extra revenue.
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Parking:
- Detached two-car garage, a rare feature in San Francisco.
Investment Potential:
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Strong ROI:
Located in a thriving community with high investment potential.
Offers a prestigious addition to any portfolio. -
Mixed-Use Opportunity:
Combines residential living and commercial income, making it a versatile investment.