Are you in search of an exceptional investment opportunity or considering a 1031 Exchange? Look no further than138-140Lower Terrace. This property underwent a substantial renovation and expansion in 2016, enhancing its appeal and functionality. The lower flat, 138, boasts 4 bedrooms and 3 bathrooms spread across two levels, offering exclusive access to a charming garden and garage. Meanwhile, the upper unit, spanning a single level, features 4 bedrooms and 2.5 bathrooms. Notably, residents of the upper unit enjoy exclusive use of a stunning rooftop deck boasting breathtaking bay views. Currently, the upper unit commands a rental income of$6, 500while the lower unit is leased for$7, 600,totaling a monthly rent of$14, 100and yielding an attractive cap rate of 5.3%. Both units are equipped with radiant heat in the bathrooms and showcase elegant marble floors complemented by light wood flooring throughout.
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The average household income in
San Francisco, CA
grew
from
$110,816
to
$112,376
in the past year. This data is an estimate based upon
362,827
households in
San Francisco, CA. The chart below presents how household income is distributed in
San Francisco, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
San Francisco, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
San Francisco, CA
equals
$3k+
, which is
more
than the national average.