
San Francisco, CA 94133
Analysis of 381 Broadway, San Francisco, CA 94133 is currently available with a list price of $7,500,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1909, the property has received over $400,000 in recent capital improvements, including a critical seismic retrofit, upgraded fire alarm and sprinkler systems, and new energy-efficient windows. The interior features updated lighting and flooring, and the building is described as well-maintained with functional systems, meeting the criteria for a well-maintained, move-in ready investment.
Ideally situated at the intersection of Jackson Square and the Financial District, the property features a legacy commercial tenant with a new 10-year lease, providing immediate cash flow and long-term stability.
With 17 vacant residential units, the asset offers a rare opportunity for a new owner to immediately implement a renovation and leasing strategy to drive revenue growth and capture market upside.
The building has benefited from over $400,000 in upgrades, including a completed seismic retrofit, full sprinkler coverage, and new energy-efficient windows, significantly reducing near-term capital expenditure requirements.
Operating a 42-room SRO (Single Room Occupancy) hotel in San Francisco involves navigating complex local housing ordinances and requires intensive, high-touch property management.
Despite recent safety and cosmetic upgrades, the 1909 construction may still present ongoing maintenance challenges and infrastructure costs inherent to century-old properties.
381 Broadway is a mixed‑use investment ideally located just outside Jackson Square, one of San Francisco's most desirable and supply‑constrained submarkets. Situated steps from the Transamerica Pyramid and a stone's throw from neighborhood icons such as Cotogna and Blue Bottle Coffee, the property sits at the intersection of North Beach, Chinatown, and the Financial Districtbenefiting from strong pedestrian traffic, limited new supply, and enduring housing demand. The property consists of a 42‑room Residential Hotel (SRO) above a large, street‑level commercial space, providing diversified income from two complementary uses. The ground‑floor commercial space is occupied by Centerfolds, a long‑standing neighborhood legacy business that has operated along the Broadway corridor for over 40 years. The tenant executed a new 10‑year lease in late 2025, offering long‑term income stability and approximately one‑third reimbursement of property taxes, reducing operating expenses and enhancing cash‑flow. The residential hotel has been owned and conservatively operated by the seller's family for nearly 50 years, spanning two generations. Pride of ownership is evident throughout, with extensive upgrades to lighting, flooring, and other interior improvements. Additional amenities include on‑site coin‑operated laundry for the residential hotel. The seller is offering the property with 17 vacant units, creating a compelling value‑add opportunity for a new owner to implement updated marketing, improve occupancy, and drive future revenue growth. The building as a whole has benefited from substantial capital investment totaling over $400,000, including a completed seismic retrofit, upgraded fire alarm system with horns, full sprinkler coverage, and new double‑paned energy‑efficient windows throughout. A unique physical advantage is the building's accessibility from three sides, allowing for efficient maintenance, future renovations, and capital improvements. Conveniently located and backed by stabilized long‑term commercial income from a legacy tenant, 381 Broadway represents a compelling opportunity to acquire a well‑maintained mixed‑use asset with built‑in stability and upside. With existing residential vacancy, a new owner is positioned to control tenancy, shape the future of the property, and execute a long‑term investment vision.
No exterior & parking available.
No sensitive facilities data found.
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| Built year | 1909 | - | 0% |
| HOA | $0 | $0 | 0% |
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Mar 25, 2026
$7,500,000
Initial Listing