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Anna Spathis

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

Listed by Steven Caravelli Coldwell Banker Commercial Realty

$ 5,600,000

Est. payment | -/mo

17,333 SqFt

Save

$ 5,600,000

Est. payment | -/mo

Save

17,333 SqFt

Open House

Tue Nov 03, 9:00am - 11:00am

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,333 sqft

Price per Sqft $323

MLS Listing ID 426173800

HOA Y/N No

Year Built 1916

Lot Size 5,031 Sqft

Acres 0.1155

Property Sub-Type Mixed Use

Property Description

Geary-Hyde Apartments offer the opportunity to acquire a 29-unit mixed-use property at a prominent Lower Nob Hill corner location. The property combines near-term income growth potential with long-term upside through lease-up, renovations, and operational improvements. The property consists of spacious studio apartments and ground-floor commercial spaces that provide an additional income source independent of residential rent control. Major building systems have been maintained, and the required UMB and fire alarm work has been completed. A key feature of the investment is the 15 vacant units, providing immediate control and flexibility. A new owner can lease the units in their current condition or implement a renovation program to target higher market rents. Upgrades to kitchens, bathrooms, flooring, and lighting may support increased rental income and establish a framework for future unit turnover. Owned by the same family through three generations. Additional opportunities may exist to improve operating efficiency through utility and expense reductions, including potential utility separation and heating system upgrades. With significant vacancy, multiple income streams, and value-add potential, Geary-Hyde Apartments present an opportunity to increase income and enhance long-term value in a centrally located San Francisco neighborhood.

Location

State CA

County San Francisco

Area Sf District 8

Rooms

Basement Full, Storage Space

Interior

Interior Features Elevator, Formal Entry, Storage

Heating Steam

Cooling None

Flooring Carpet, Linoleum, Tile, Wood

Fireplace No

Appliance Free-Standing Gas Range, Free-Standing Refrigerator

Laundry Common Area

Exterior

Utilities Available Separate Meters (None), City, Electricity Available, Natural Gas Connected

View City Lights

Roof Type Tar/Gravel

Building

Lot Description Corner Lot

Foundation Concrete, Concrete Perimeter

Level or Stories Four

New Construction No

Others

Tax ID 0302008

Nearby Locations

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+1(415) 810-5291

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611 Hyde ST San Francisco, CA 94109