Property Overview:
639-641 3rd Ave is a duplex in San Francisco, CA, built in 1905. It features 4 bedrooms, 2 bathrooms, and 2,500 sq. ft. of living space. The property includes a parking garage and has an estimated home value of $1,653,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 17.8% (higher than state average of 11.8%).
- Property crime risk: 11.3% (higher than state average of 10.8%).
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Schools:
Nearby schools include McCoppin (Frank) Elementary, Roosevelt Middle, and Wallenberg (Raoul) Traditional High.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 71.3% white-collar jobs, 28.7% blue-collar jobs.
- Unemployment rate: 3.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,471 (2% growth since 2000).
- 49% families with children.
- Largest age group: 25-34 years (19.73%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 48.2°F (January), 64.4°F (July).
- Average rainfall: 21.2 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $96,086.
- Average annual spending: $64,455.
Property Features:
- Recently remodeled duplex in the Inner Richmond district, blending modern upgrades with timeless charm.
- Upper Unit (639):
- Spacious living room, formal dining room, full bath, kitchen, bonus sunroom, and laundry room with deck access.
- Upstairs: Primary bedroom with en-suite, 2 additional bedrooms, and shared bath.
- Lower Unit (641):
- Living room, kitchen, bath, and 1 bedroom.
- Additional Features:
- Functions as a 4-bed, 1-office, 3-bath main house plus a 1-bed, 1-bath ADU.
- Separate utility meters for each unit.
- Flat backyard with a yoga studio and potential for further development.
- Bonus space at the back with stable rental income.
Location Benefits:
- Prime Inner Richmond location:
- Walking distance to restaurants, supermarkets, convenience stores, and Golden Gate Park.
- Close to public transportation for a vibrant urban lifestyle.
- Investment Opportunity:
- Offers 6.5%+ cap rate, ideal for house hacking or rental income.
- Perfect for large families, homeowners, or investors seeking convenience and style.