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Sold

331 Cortland Avenue Unit: 331A

331 Cortland Avenue # 331A, San Francisco, CA 94110

$1,895,000
Located in the highly sought after Cortland corridor, this 3-unit Edwardian w/2 bldgs on one lot is perfect for the boutique investor or live/work space with side of income. Property is in excellent condition with fully built-out air-conditioned and ADA compliant commercial unit on street level (Tenant--More Mojo Chiropractor-- pays $4500/month-2 years remaining + 5 yr option). Vacant upstairs 3bd/2ba offers flex for next owner and was most recently used as neighborhood light commercial space. Vacant 1 bd/1 ba 2-story updated cottage w/excellent privacy and storage out back. Solar panels for each unit offer low utility cost. Current owner completed significant structural and system upgrades. Walk to restaurants, shops, library, parks and all that gives Bernal Heights its sweet village-y appeal. Easy access to transportation and freeway as well. 96-walk score; Projected GRM: 13.7 based on projected $138,000 Gross Annual Income;5.7% scheduled cap rate based on projected NOI @$108,000

3,146 Sq.Ft. LIVING AREA

1,860.01 Sq.Ft. lot

Meryl Bennan

Meryl Bennan

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area3,146 Sq.Ft.
  • Lot Area1,860.01 Sq.Ft.
  • MLS® ID422666716
  • TypeCommercial
  • YEAR BUILT1915

Exterior

  • STORIES2
  • lot featuresNeighborhood, Near Public Transit, Restaurant Nearby, Shopping Nearby
  • HEAT TYPECentral
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$1,895,000
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