1300 Church Street, San Francisco, CA 94114, San Francisco, 94114 - 4 bed, bath
ACTIVE$1,895,000
1300 Church Street, San Francisco, CA 94114
4Beds
0Bath
3,675Sqft
2,544Lot
Year Built
1900
Close
-
List price
$1.9M
Original List price
-
Price/Sqft
$516
HOA
$0
Days on market
-
Sold On
-
MLS number
424003301
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros.
Mixed Use building on prime corner in Noe Valley. Building consists of 3 legal units. Building is currently leased as 5 units: 1300 Church Street: Corner Commercial Space leased to Salon. 1302 Church Street: Flat above Corner Commercial consists of: 2 Bedroom apartment & (3917 25th St) Studio Apt. House in Back (3919 25th St): 3 Bedroom, 1 Bathroom. 2 Car garage below house is rented as a workshop and studio apartment. 1 Car Garage between buildings is rented as 1 parking space. Deck between buildings is shared between house and studio apt.
Price History
Date
Event
Price
01/18/24
Price Change
$1,895,000
Condition Rating
Poor
Built in 1900, the property is an older structure with no evidence of recent major renovations in the provided images or description. The property analysis explicitly states it 'may require significant capital expenditures for system upgrades (e.g., plumbing, electrical), seismic retrofitting, and general maintenance.' There are no interior photos of the residential units (kitchens, bathrooms, living areas), which strongly suggests these areas are outdated and in need of substantial repairs or rehabilitation. The one interior image provided shows a utilitarian space, not a renovated living area.
Pros & Cons
Pros
Prime Noe Valley Corner Location: The property is situated on a prime corner in Noe Valley, a highly desirable and affluent neighborhood in San Francisco, ensuring strong demand and potential for appreciation.
Diverse Mixed-Use Income Streams: The mixed-use nature of the property, combining commercial, residential, workshop, and parking rentals, provides robust and diversified income, mitigating risk compared to single-use properties.
High Income Potential with Multiple Leased Units: Currently leased as 5 units (from 3 legal units), the property offers significant existing rental income and strong cash flow potential for an investor.
Established Commercial Tenant: The presence of a salon occupying the prime corner commercial space provides a stable income stream and contributes to the property's visibility and neighborhood appeal.
Immediate Rental Income: With all units currently leased, a new owner will benefit from immediate cash flow without the need to find tenants or endure vacancy periods.
Cons
Legal Unit Discrepancy & Compliance Risk: The property is described as having '3 legal units' but is 'currently leased as 5 units,' which could pose zoning, permitting, or legal compliance challenges and potential costs for regularization.
Age of Building & Potential for Deferred Maintenance: Built in 1900, the property is an older structure that may require significant capital expenditures for system upgrades (e.g., plumbing, electrical), seismic retrofitting, and general maintenance.
Complex Property Management: Managing a mixed-use property with multiple diverse tenants (commercial, residential, workshop, parking) can be more complex and time-consuming than a standard residential rental, potentially requiring specialized management.