Property Overview:
556 Arlington Street is a duplex located in the Glen Park area of San Francisco, CA, built in 1909. It features 2 units, each offering 2 bedrooms and 1 bathroom. The property is zoned RH2, allowing for flexible usage options. The current listed sale price is $1,250,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 18% (higher than state average of 11.8%).
- Property crime risk: 16.2% (higher than state average of 10.8%).
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Schools:
Nearby schools include Glen Park Elementary, Balboa High, and Lick (James) Middle.- Average SAT score: 975 (state average).
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Job Market:
- 75.2% white-collar jobs, 24.8% blue-collar jobs.
- Unemployment rate: 2.7% (lower than state average of 4.7%).
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Demographics:
- Community population: 27,305 (2% growth since 2000).
- 47% families with children.
- Largest age group: 35-44 years (20.1%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 48.4°F (January), 63.1°F (July).
- Average rainfall: 20.8 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $81,302.
- Average annual spending: $60,133.
Property Features:
- Two units, each with 2 bedrooms and 1 bathroom.
- 50% occupancy level:
- One unit rented at $2,230/month, providing immediate income.
- The other unit is vacant, ideal for an owner-occupant or additional rental income.
- Separate meters for gas and electricity for easy utility management.
- Private garage included with the vacant unit, offering off-street parking.
- Lot size: 0.05 acre.
Investment Opportunity:
- Zoned RH2, allowing for versatile usage options.
- Located in a thriving rental market with strong potential for future appreciation.
- Immediate income stream from the occupied unit.
- Seller financing available.
Location Benefits:
- Convenient access to downtown San Francisco, the Peninsula, and public transportation.
- Situated in a vibrant neighborhood with high demand for rentals.