1040-1042 Howard Street, San Francisco, CA 94103, San Francisco, 94103 - 4 bed, 0 bath
Loading property details...
San Francisco, CA 94103
This Turnkey Mixed-Use Asset is a High-Potential Investment Opportunity listed at $2,450,000—positioned below the $2,496,957 Fair Market Value by 1%. This valuation gap offers $46,957 in Instant Equity. The property features eight updated residential units and a vacant ground-floor commercial space with a City Skyline View and Patio. Boasting a Condition Rating of 3 and access to top-tier institutions like Lowell High School, this asset provides immediate utility and rental upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040-1042 Howard Street Subject | $2,450,000* List Price | 4 | 0 | 6,540 | $382 | - |
A 877 Bryant Street Active | $2,750,000 List Price | 0 | 0 | 6,900 | $399 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1914 mixed-use property is in move-in ready, turnkey condition. While the building is historic, the residential units have been updated with modern LVT flooring and stone countertops. The kitchen features functional, though stylistically dated, oak cabinetry, and the bathrooms are clean and well-maintained. Major systems appear solid with a 400-amp electrical service and separate metering for utilities, meeting the criteria for a well-maintained property that does not require immediate renovation.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The large ground-floor commercial space is delivered vacant and features a full kitchen and laundry, offering immediate owner-user potential or a lucrative opportunity for residential conversion.
This professionally managed asset has been well-maintained with recent updates to residential units, including stone countertops and LVT flooring, minimizing immediate capital expenditure for a new owner.
The residential component consists entirely of studios and one-bedroom units, which typically experience higher turnover rates and lack appeal for larger households or long-term family tenants.
Situated in SOMA, the property is subject to the neighborhood's inherent urban density and associated street-level challenges, which can impact long-term appreciation and tenant desirability.
1040 Howard Street is a nine-unit mixed-use property located on a strong block in SOMA. This turnkey asset has been professionally managed and well maintained, offering an excellent investment opportunity. The property consists of four one-bedroom units, four studios, and a large ground floor commercial space. The commercial space will be delivered vacant and occupies the entire ground floor of the building. It features a large open area upon entry, a full kitchen, in-unit laundry, and three additional rooms that could serve as private offices. Alternatively, a new owner may explore the potential to convert the space to a residential unit, for which the layout is well suited. Most of the residential units have been tastefully updated in recent years. Improvements include tile kitchen floors, stone countertops, LVT flooring, and select newer windows. Common areas are well maintained. The main electrical indicates 400 amps of service, and all units are separately metered for gas and electricity. It is flanked on both sides by a nonprofit that provides a positive and stabilizing presence on the block. Overall, this is a compelling opportunity to acquire a turn-key mixed-use building with upside potential at an attractive entry-level price point.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 6.5 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,540 | 8,554 | 50% |
| Lot Size | 2,796.55 | 5,148.79 | 50% |
| Price | $2.45M | $2.33M | 50% |
| Price per sq ft | $375 | $292 | 50% |
| Built year | 1914 | 1900 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 126 | 50% |
Feb 19, 2026
$2,450,000
Initial Listing
Sep 6, 2002
$1,185,000
Public Record
Mar 3, 1998
$685,000
Public Record