CA > San Francisco
San Francisco, CA 94109,620 Ofarrell ST
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San Francisco, CA 94109,620 Ofarrell ST
San Francisco, CA 94109,620 Ofarrell ST
San Francisco, CA 94109,620 Ofarrell ST
San Francisco, CA 94109,620 Ofarrell ST
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Garrick Yan

Garrick Yan

+1(510) 999-8008
Listed by Theodore Wong Compass Commercial
$ 2,500,000
Est. payment /mo
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Price Dropped by $100K

620 Ofarrell ST San Francisco, CA 94109

4,240 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,240 sqft

Price per Sqft $589

MLS Listing ID 425042315

HOA Y/N No

Year Built 1909

Lot Size 1,716 Sqft

Acres 0.0394

Property Sub-Type Mixed Use

Property Description

Located less than a mile from San Francisco's Union Square, the Blue Hotel presents a rare opportunity to acquire a mixed-use building in the heart of the city. The ground floor is anchored by the established Louder Restaurant, providing steady commercial income, while the upper floors consist of 13 SRO units. Residents benefit from access to a common kitchen along with private and shared restrooms. Seven of the rooms hold city-designated tourist licenses and are rented on a nightly basis, historically generating strong short rental income in one of the country's top travel destinations. The remaining six rooms are suited for longer-term tenants, with four to be delivered vacant allowing a new owner the flexibility to select tenants and stabilize rents. Offered at a 8.31% CAP rate and 9.02 GRM, the property provides immediate income with significant upside potential through leaseup and operational optimization.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Flooring Tile, Wood

Fireplace No

Appliance Washer/Dryer

Exterior

Utilities Available Primary Gas Meter, Primary Water Meter

Building

Lot Description Mid Block

Water Public

Level or Stories Basement, Multi/Split

New Construction No

Others

Tax ID 0319008

San Francisco MLS - SFAR
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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