Property Overview:
58-60 Morrell Street is a duplex located in the Russian Hill neighborhood of San Francisco, CA, built in 1955. It features two units, each with 2 bedrooms, 1 bathroom, and a total of 2,606 sq. ft. of living space. The property includes 3-5 car parking, in-unit laundry, and Modernist architecture. The estimated home value is $1,898,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 19.7% (higher than state average of 11.8%).
- Property crime risk: 7% (lower than state average of 10.8%).
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Schools:
Nearby schools include Spring Valley Elementary, Galileo High, and Francisco Middle.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 67% white-collar jobs, 33% blue-collar jobs.
- Unemployment rate: 4.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 45,951 (3% growth since 2000).
- 28% families with children.
- Largest age group: 25-34 years (28.04%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 47.5°F (January), 65.6°F (July).
- Average rainfall: 22.3 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $61,408.
- Average annual spending: $48,750.
Property Features:
- Two units, each with identical floor plans.
- Bright Modernist architecture with sunlight from three sides.
- Verdant garden views from the kitchen, south bedroom, and patio.
- Stunning sunsets from the living/dining room.
- Top-floor unit is vacant, offering west-facing views and owner-occupancy potential.
- Lower unit rented for $2,880/month.
- ADU potential and fast-track condo conversion eligibility.
- Potential for a pent-room with Golden Gate Bridge views.
Location Benefits:
- Prime Russian Hill location:
- One block to Hyde or Polk Streets for cafes, bars, and restaurants.
- One block from 4 parks in all directions.
- Historic community with long-term ownership since 1959.
- Ideal for owner-users or savvy investors.