$2,200,000 | 4 UNITS | NOE VALLEY
Just Listed
3601 26th Street
4
Units
11.3
GRM
6.0%
Cap Rate
4,004
Square Feet
3601 26th Street is a four-unit mixed-use property on the border of Noe Valley and the Mission District. The property consists of three apartments and a successful restaurant tenant. There are two 2bd/1ba apartments and a 1bd/1ba. One of the 2bd units will be delivered vacant and ready to rent. The apartments have high-ceilings, hardwood floors, and period charm, and they receive great natural light.
The restaurant, Chome, has been operating at this location since 2024 with a thriving business. Their lease expires in September 2028 with two five-year extension options at Fair Market Value. The restaurant has use of a full basement that provides extra space for storage and operations. The restaurant has use of a parking area that may accommodate three cars. The units are separately metered for gas and electricity, and the restaurant pays for their own water service, thus operating expenses are very low.
The property has been owned by the same family for many years and has been maintained to a high standard. The location provides tenants with access to all the best of Noe Valley, the Mission District, and Bernal Heights. This is an excellent opportunity to purchase a turn-key mixed-use asset that will provide immediate cash flow.