1000 Valencia Street consists of a 3-story, 10-unit mixed-use property totaling approximately 10,786 square feet. There are 2 additional units which are unwarranted but potentially could be legalized. There are 10 covered parking spaces in the secure garage and an additional 8 spaces outside, behind the building which are fully vacant. The building was constructed in 1978 with a certificate of occupancy completed in September of 1979 indicating that the property is exempt from San Francisco's Rent Control. There are 2 ground floor commercial spaces, 1 of them delivered vacant and consisting of approximately 3,000 square feet with a mezzanine level. The existing commercial tenant in the 2nd space is an optometrist. The move-in date was November of 2021 at the base rent of $3,425. This is a 5 year lease with 3% annual rent bumps. They have the option to renew for an additional 5 years at the end of their lease in October of 2026. They pay for all of their own utiltites.The property is generally in good condition with the majority of the units updated and have private decks. The units feature hardwood floors and tiled kitchens and baths. The kitchens have stainless steel appliances and granite counter tops. The parking structure and rear decks need work.

Listing courtesy of SFMLS / Compass Commercial

Last checked: Checking… • Last updated Oct 14, 2024 • Source: SFMLS

MLS# 423720102 — Report a problem