$1,600,000 | 5 Units | NOPA
Just Listed
403-405 Lyon St & 1600-1604 Hayes St
$239
Price Per Square Foot
15.7
GRM
3.3%
Cap Rate
6,700
Square Feet
403 Lyon Street is an excellent add-value opportunity in NOPA. This prominent corner building has tremendous upside potential for a new owner to realize. The property consists of three residential units and two commercial spaces. The residential are 4bd/1.5ba, 3bd/1ba, and 2bd/1ba. The main commercial space
is occupied by an established market and deli. The smaller commercial space operates as a showroom for a cabinetry business. There is a large basement that brings in additional income on separate commercial leases. There is 400 amp electrical service, with all units being separately metered for gas and electricity. This location provides tenants with easy access to the Panhandle, Divisadero corridor, and all the conveniences of NOPA and Haight Ashbury. This offering presents a new owner with the opportunity to buy in one of the city’s best rental locations and at an extremely low price per unit and square foot.