SOLD: Noe Valley Two Unit Mixed-Use Building 1320-1324 Castro Street
1320 – 1324 Castro Street
List Price: $2,350,000
SOLD Price: $2,350,000
- Two-unit, mixed-use building
- Upstairs vacant residential unit 3 BR / 1 BA
- Ground floor commercial – tenant is Contigo restaurant
- Total square footage: 2748
- Zoning: Noe Valley Commercial
- Excellent Noe Valley location
- Separately metered for gas and electric between units
- Recently renovated commercial space with restaurant lease
- Upgraded seismic retrofits and plumbing in restaurant
- Owner-occupied for past nine years
An amazing opportunity to own an excellently maintained, income-generating building in heart of downtown Noe Valley. This two-unit, mixed-use building is excellent for an investor, ideal for a hands-on business owner, or residential buyer who wants great rental income. Recent renovations include over $1m in seismic upgrades, updated plumbing, and electrical systems. Seller has installed extensive sound buffering, ensuring quiet and privacy for the residential unit above. The commercial tenant, Contigo, is a popular and successful restaurant. The location can’t be beat, convenient to transit, tech shuttles, children’s playgrounds, and all the shops, restaurants and services of a robust San Francisco neighborhood.
1324 Castro St. – Upper Residential Unit
- 3 bedroom / 1 bath
- 1385 square feet (per seller)
- Radiant-heat flooring
- Sound buffering between units
- Sun room / deck
1320 Castro St. – Lower Unit – Contigo Restaurant
- 1363 square feet (per seller)
- Structural/earthquake retrofit in 2008
- $7200 monthly rent (with 3% annual increases)
- 10-year lease with two 5-year extensions
