565 Geary Street, San Francisco, CA 94102, San Francisco, 94102 - 19 bed, bath

565 Geary Street
San Francisco, CA 94102
Property Price
SUMMARY
Analysis of 565 Geary Street, San Francisco, CA 94102 is currently available with a list price of $9,850,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1922, this property is a well-maintained vintage building with significant recent capital improvements including a $400,000 elevator rebuild and a 5-year-old roof. However, it is classified as 'fair' because 90% of the residential units have not been fully remodeled, the heating relies on an aging steam boiler system, and the electricity is master-metered. While functional and performing, the majority of the interiors require modernization to meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just two and a half blocks from Union Square, the property occupies a high-demand location in one of San Francisco's most dynamic and walkable districts.
- Diverse Revenue Streams
The mixed-use configuration—comprising 69 residential units, three retail spaces, five offices, and a 21-car valet garage—provides a well-hedged and robust income profile.
- Significant Capital Improvements
Recent major upgrades, including a $400,000 elevator rebuild and a five-year-old roof, significantly reduce immediate capital expenditure requirements for a new owner.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1922, the building's reliance on a steam boiler system and older structural components may lead to higher long-term maintenance and repair costs.
- Utility Expense Exposure
The property is master-metered for electricity, which can result in higher operating expenses and less control over tenant utility consumption compared to sub-metered buildings.
- Deferred Interior Modernization
The majority of the units (90%) have not been fully remodeled, requiring a significant future capital injection to achieve top-of-market rental rates across the entire asset.
About 565 Geary Street
565 Geary Street is a six-story mixed-use apartment building in San Francisco's Downtown district, just two and a half blocks from Union Square. The property features 69 residential units, three ground-floor retail spaces, five offices, and a 21-car valet garage spanning two parcels, including the adjacent lot at 549 Shannon Alley. Unit mix: 40 studios, 7 junior one-bedrooms, 12 one-bedrooms, a two-bedroom penthouse, and a three-bedroom, two-bath unit converted from former office space. Major upgrades include a $400,000 elevator rebuild, new fire horn system, and a five-year-old modified bitumen roof. Interiors feature new carpet, lighting, and mailboxes. The steam boiler-heated building offers coin-op laundry, separately metered gas, and master-metered electricity with a 800-amp main. About 10% of units are fully remodeled, 30% have updated baths, and 10% have new kitchens. The garage is leased to a third party with strong parking demand. Professionally managed and fully performing, the property generates strong in-place income with upside through turnover and modernization. Offered at $9,850,000, 565 Geary represents a 6.6% cap rate in one of San Francisco's most dynamic neighborhoods.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1922
- Lot Size
- 7,962.77 Sq. Ft.
Interior
- Total Bedrooms
- 19
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1922 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Oct 21, 2025
$9,850,000
Initial Listing



























































