Huge Price Adjustment in Lower Pacific Heights Multi Unit
HUGE PRICE ADJUSTMENT $2,495,000 for 1414-1416 Lyon Street
This is an incredible investment opportunity for investors and/or owner users now with a 10% price adjustment!
Lower Pacific Heights Remodeled Two unit building with Basement Artist Studio/ADU (Do I hear Legal 3rd unit?) Has something to offer all buyers. 1414 Lyon is a remodeled upper unit with 3 bedrooms, split bath, open kitchen living dining space with french doors to city view deck. 1416 Lyon is the middle unit, remodeled and similar in layout to the upper. This unit is tenant occupied at market-rate rent. 1418 Lyon is an Artist Studio/ADU on the garden level,. This space is divided into the front and rear. The rear area has a living room, kitchen, bath, and a sleeping alcove with french doors to the patio and tranquil garden. The front space has a huge Work Studio/Gallery perfect for working artists or small businesses. The Building has a newer foundation and seismic upgrades, all units have washers, dryers, central heat, wood floors, and double pane windows. For Investors the numbers are amazing with a 15 GRM and 6% CAP rate. Walk to Trader Joe’s, Target, The Presidio, Fillmore District, Laurel Village, NOPA, Kaiser Permanente and UCSF-Mount Zion. Downtown transportation options via Muni-38 and 38R line and a 95 Walk Score. For showing, text LYON to 617-429-3000.
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Stay up to date on the latest real estate trends.
While much of the Bay Area is experiencing inventory issues, the vast majority of areas are seeing inventories begin to pile up. As we know, San Francisco has the oppo… Read more
Median sale prices in the East Bay have fallen for six months straight.
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Single-family home median sale prices rose by 4.42% on a year-over-year basis, while condo median sale prices rose by 10.52%. Additionally, the average single-family h… Read more
Single-family inventory levels are 20.05% higher on a year-over-year basis, and condo inventory levels are 13.15% higher.
Although many markets have seen a downtrend in pricing, San Francisco has remained incredibly resilient.
Although prices have been incredibly resilient in the East Bay, the future of this stability is very uncertain, as inventories have been growing at a tremendous rate.
Single-family homes continue to be a hot commodity, while condos continue to sit on the market.
Inventory levels are increasing drastically throughout the entire East Bay, with the area seeing over 40% more active listings than this time last year.
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