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Anna Spathis

info@sterlinghomesre.com +1(415) 810-5291

Listed by Nico Toracca Marcus & Millichap

$ 7,500,000

Est. payment | -/mo

17,205 SqFt

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$ 7,500,000

Est. payment | -/mo

Save

17,205 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,205 sqft

Price per Sqft $435

MLS Listing ID 426121044

Style Other

HOA Y/N No

Year Built 1909

Lot Size 4,650 Sqft

Acres 0.1067

Property Sub-Type Mixed Use

Property Description

381 Broadway is a mixed‑use investment ideally located just outside Jackson Square, one of San Francisco's most desirable and supply‑constrained submarkets. Situated steps from the Transamerica Pyramid and a stone's throw from neighborhood icons such as Cotogna and Blue Bottle Coffee, the property sits at the intersection of North Beach, Chinatown, and the Financial Districtbenefiting from strong pedestrian traffic, limited new supply, and enduring housing demand. The property consists of a 42‑room Residential Hotel (SRO) above a large, street‑level commercial space, providing diversified income from two complementary uses. The ground‑floor commercial space is occupied by Centerfolds, a long‑standing neighborhood legacy business that has operated along the Broadway corridor for over 40 years. The tenant executed a new 10‑year lease in late 2025, offering long‑term income stability and approximately one‑third reimbursement of property taxes, reducing operating expenses and enhancing cash‑flow. The residential hotel has been owned and conservatively operated by the seller's family for nearly 50 years, spanning two generations. Pride of ownership is evident throughout, with extensive upgrades to lighting, flooring, and other interior improvements. Additional amenities include on‑site coin‑operated laundry for the residential hotel. The seller is offering the property with 17 vacant units, creating a compelling value‑add opportunity for a new owner to implement updated marketing, improve occupancy, and drive future revenue growth. The building as a whole has benefited from substantial capital investment totaling over $400,000, including a completed seismic retrofit, upgraded fire alarm system with horns, full sprinkler coverage, and new double‑paned energy‑efficient windows throughout. A unique physical advantage is the building's accessibility from three sides, allowing for efficient maintenance, future renovations, and capital improvements. Conveniently located and backed by stabilized long‑term commercial income from a legacy tenant, 381 Broadway represents a compelling opportunity to acquire a well‑maintained mixed‑use asset with built‑in stability and upside. With existing residential vacancy, a new owner is positioned to control tenancy, shape the future of the property, and execute a long‑term investment vision.

Location

State CA

County San Francisco

Area Sf District 8

Rooms

Basement Other

Interior

Heating Electric

Cooling None

Fireplace No

Window Features Other

Laundry Coin Operated, Common Area

Exterior

Utilities Available Separate Meters (None), Other

View Bay, Bay Bridge, Bridge(s), City, City Lights, Downtown, San Francisco, Other

Roof Type Other

Handicap Access Other

Building

Lot Description Other

Story 3

Foundation Other

Sewer Other

Water Other

Architectural Style Other

New Construction No

Others

Tax ID 0164014

Acceptable Financing Other

Listing Terms Other

Nearby Locations

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+1(415) 810-5291

info@sterlinghomesre.com

381 Broadway San Francisco, CA 94133

Anna Spathis

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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381 Broadway