2001 17th St San Francisco, CA 94103-5012
- Retail residential properties
- 3,000 SF
- 0.05 lot acres
Apr 08, 2020
Current Use by Public Records
- Live Sushi Bar / Sushi Restaurant / Asian Restaurant
Property Details for 2001 17th St
- Year built
- 1907
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 3,000 SF
- Zone code
- RH2
- Property type
- Retail residential properties
- APN
- 3977 -001
- APU
- 3977001
Description
This exceptional San Francisco investment property at 2001 17th Street offers a unique blend of income-generating assets. The ground floor houses a well-established restaurant, Live Sushi, operating under a double-net lease of $6,350 per month, expiring in 2025 with a five-year extension option. This tenant has a proven track record, operating in this location for over 15 years and managing other successful restaurants. The 3,700 square foot building sits on a 2,308 square foot lot and boasts a high-traffic corner location in the rapidly developing Potrero Hill neighborhood. A significant 300,000+ square foot life science development is underway across the street, scheduled for completion in June 2023, promising further neighborhood growth and increased foot traffic. Adding to the investment potential, the second floor has approved permits for conversion into a four-bedroom, two-bathroom single-family home, presenting a lucrative opportunity for additional rental income or resale. The property's strong financial performance is reflected in its $1,850,000 asking price, 6.44% cap rate, and a current NOI of $142,008. The building, constructed in 1907, is situated near amenities such as Whole Foods, coffee shops, Anchor Steam Brewery, and the Chase Center, enhancing its appeal and potential for future appreciation. This is a rare opportunity to acquire a mixed-use property in a prime San Francisco location with significant upside potential. The 50% occupancy reflects the vacant second floor, offering immediate value-add potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,255,000
- ML approach
- $1,510,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,430,000
- 6.5%
- $1,320,000
- 7%
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,152,000
Market price range: $492k - $1.25M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.404
- Latitude
- 37.7645
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
