4501 Irving Street
Property Description
4501 Irving Street is a nine-condominium building constructed in 2005 and located in San Francisco’s Outer Sunset District. The property consists of four 3bd/2ba condominiums, four 2bd/2ba condominiums, and a ground-floor commercial condominium occupied by Yoga Beach. The building contains approximately 12,108 square feet and includes 12 garage parking spaces. The residential units offer spacious, functional layouts with hardwood floors, granite countertops, stainless steel appliances, in-unit laundry and excellent natural light. Select units also enjoy ocean views. The units have separately metered gas and electricity. Constructed in 2005, the property is not subject to the San Francisco Rent Control Ordinance. Yoga Beach’s lease runs through 2030 and includes one additional five-year option at fair market value. T-Mobile equipment provides an additional income stream. Each condominium has its own parcel number, giving a new owner multiple exit strategies, including continued operation as a rental investment or the potential sale of individual condominiums over time. The combination of modern construction, large units, ocean views, abundant parking, and multiple exit strategies makes 4501 Irving Street an excellent investment opportunity. 4501 Irving Street is located on an excellent Outer Sunset block, just a few blocks from Ocean Beach and Sunset Dunes. Black Bird Bookstore and Café is located on the same block, while Hook Fish Co. is directly across Irving Street. Palm City, Outerlands, Thanh Long, and Andytown Coffee Roasters are also nearby, along with a growing collection of independent restaurants, cafés, and neighborhood shops. The property offers convenient access to Golden Gate Park, Ocean Beach, and the recreational amenities of Sunset Dunes. The N Judah provides easy transportation to UCSF, the Inner Sunset, and Downtown, while the 18 bus runs along 46th Avenue. This combination of neighborhood amenities, outdoor recreation, and transit access has made the western end of the Outer Sunset increasingly desirable to renters and homeowners.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $7,250,000 |
| No. of Units: | 9 |
| Cap Rate: | 5% |
| GRM /GIM: | 12.9 |
| Building Size: | 12,108 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $805,556 |
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