124 Waverly Place, San Francisco, CA 94108, San Francisco, 94108 - 30 bed, 3 bath

124 Waverly Place, San Francisco, CA 94108 home-pic-0
ACTIVE UNDER CONTRACT$4,150,000
124 Waverly Place, San Francisco, CA 94108
30Beds
3Baths
11,816Sqft
3,131.96Lot
Year Built
1907
Close
-
List price
$4.15M
Original List price
-
Price/Sqft
$351
HOA
$0
Days on market
-
Sold On
-
MLS number
425062720
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $4.15M(50th), sqft - 11816(67th), beds - 30(67th), baths - 3(67th).

Prime Investment Opportunity in the Heart of San Francisco. 124 Waverly Place presents an exceptional mixed-use investment offering in one of San Francisco's most culturally rich and high-demand neighborhoods. Located at the edge of iconic Chinatown and the Financial District, this rare property combines stable cash flow, significant upside potential, and historic charm. Updated Electrical & Fire Panels. Many SRO units tastefully modernized, offering clean, functional living spaces. Nestled on Waverly Place between Stockton and Grant, this property benefits from a high foot-traffic corridor, just steps from iconic restaurants, cultural landmarks, and key transit lines. The commercial units are ideally suited for boutique retailers, food operators, or neighborhood services, while the SRO configuration meets ongoing demand for workforce housing in the city. With its central location, stabilized income, and strong value-add potential through unit turnover and lease optimization, 124 Waverly Place is perfectly positioned for both yield-focused investors and long-term urban real estate holders. Whether you're expanding a portfolio or entering the San Francisco market, this property offers a rare blend of history, stability, and upside. Strong operating history w. immediate upside.

Price History

Date
Event
Price
08/02/25
Price Change
$4,150,000
Condition Rating
Good

The property, built in 1907, features recently modernized SRO units with excellent kitchens (white shaker cabinets, stainless steel appliances, new countertops, exposed brick backsplash, recessed lighting) and new wood-look flooring. Key infrastructure like electrical and fire panels have also been updated. While the individual renovated units are in excellent condition, the property as a whole has not undergone a full recent renovation, and its age and SRO configuration (shared bathrooms, limited private facilities) prevent an 'Excellent' rating for the entire building. It is move-in ready and well-maintained for its specific use.
Pros & Cons

Pros

Exceptional Location: Situated in the heart of San Francisco, bordering Chinatown and the Financial District, ensuring high foot traffic and proximity to key amenities and transit.
Mixed-Use Income Diversification: Offers a blend of commercial and SRO residential units, providing diversified income streams and catering to strong demand for workforce housing and retail services.
Strong Investment Potential: Explicitly noted for stable cash flow, significant upside potential, and value-add opportunities through unit turnover and lease optimization.
Key Infrastructure Updates: Recent upgrades to electrical and fire panels mitigate immediate capital expenditure concerns for critical building systems.
Historic Appeal with Modernized Interiors: Combines the inherent historic charm of a 1907 building with tastefully modernized SRO units, offering functional and appealing living spaces.

Cons

Advanced Age of Building: Constructed in 1907, the property may incur higher ongoing maintenance costs and potential for unforeseen structural or system issues despite recent panel updates.
SRO Unit Management Complexity: The Single Room Occupancy (SRO) configuration, while meeting demand, can involve specific regulatory challenges and intensive management requirements in San Francisco.
Limited Private Facilities/Space: The high bed-to-bath ratio (30 beds, 3 baths) and small lot size suggest limited private amenities and outdoor space, which might not appeal to all tenant demographics or command premium rents.

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