
San Francisco, CA 94118
A prime investment opportunity in Russian Hill/North Beach, this three‑story mixed‑use building offers multiple revenue streams, strong repositioning potential, and a high‑demand location near Ghirardelli Square and Fisherman's Wharf. The ground floor consists of a fully equipped restaurant space with a basement with 10 years lease at $6,000 per month. The second floor includes two residential unit one fully remodeled 2‑bedroom + den, 1‑bath unit, and one VACANT 1‑bedroom, 1‑bath unit, ideal for immediate leasing or value‑add upgrades. The third‑floor owner's unit features 3 bedrooms, 2 baths, and fanatic Golden Gate and bay views, presenting significant upside for renovation or premium rental conversion. With the owner retiring and delivering top floor and the one-bedroom unit VACANT, investors have a rare blank slate to optimize rents, reconfigure layouts, or establish positive potential in one of San Francisco's most iconic neighborhoods. Refined Investment‑Focused Description A prime investment opportunity in the heart of Russian Hill/North Beach, this three‑story mixed‑use building offers multiple revenue streams, strong repositioning potential, and a high‑demand location near Ghirardelli Square and Fisherman's Wharf. Ground Floor - Commercial Space A fully equipped restaurant occupies the street level, complete with a basement and secured by a 10‑year lease at $6,000 per month, providing stable, long‑term income. Second Floor - Two Residential Units The level includes two well‑separated apartments: A fully remodeled 2‑bedroom + den, 1‑bath unit A VACANT 1‑bedroom, 1‑bath unit, ideal for immediate leasing or value‑add improvements Third Floor - Owner's Unit The top‑floor residence features 3 bedrooms, 2 baths, and fantastic Golden Gate Bridge and Bay views, offering significant upside for renovation or premium rental conversion. With the owner retiring and delivering the top‑floor unit and the one‑bedroom unit VACANT, investors have a rare blank slate to optimize rents, reconfigure layouts, or unlock substantial future potential in one of San Francisco's most iconic neighborhoods.
Property is moderate renovation needed.
Built in 1912, this mixed-use property shows a significant range in condition. While one residential unit is fully remodeled with modern laminate flooring and updated vanities, the commercial bathroom and third-floor owner's unit are dated (20+ years) and require modernization to reach current market standards.
The entire building will be delivered vacant, a rare and highly desirable opportunity in San Francisco that allows for immediate repositioning, market-rate leasing, or owner-occupancy without tenant restrictions.
Situated in the heart of Russian Hill and North Beach near Ghirardelli Square, the property benefits from high foot traffic and proximity to iconic landmarks, maximizing the potential of the ground-floor retail space.
The property offers a versatile mix of a fully equipped restaurant and three residential units, including a top-floor owner's unit with bay views, providing multiple revenue streams and significant upside potential.
Built in 1912, the property may require substantial capital expenditure for seismic retrofitting and modernizing aging mechanical, electrical, and plumbing systems to meet current standards.
With a limited lot size of 1,751 square feet, the property lacks on-site parking and private outdoor amenities, which could be a drawback for premium residential tenants in this market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 5.3 |
| Baths | 4.0 | 4.0 |
| Square foot | 5,800 | 4,735.5 |
| Lot Size | 1,751 | 1,879.5 |
| Price | $2.95M | $2.60M |
| Price per sq ft | $509 | $547 |
| Built year | 1912 | 1911 |
| HOA | $0 | $0 |
| Days on market | 111 | 123 |
Sep 26, 2026
$2,950,000
$3,100,000
-5% Price Drop
Initial Listing
Jul 5, 2026
$3,100,000
Initial Listing