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

565 Geary Street, San Francisco, CA 94102 home-pic-0

565 Geary Street

San Francisco, CA 94102

ACTIVE UNDER CONTRACT
CONDITION: FAIR
19Beds
0Baths
37,796Sq Ft
7,962.77Lot Size

Property Price

LIST PRICE$9,850,000

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

Fair
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
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Built year1922-
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HOA$0$0
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Pricing History

Listed for Sale

Oct 21, 2025

$9,850,000

Initial Listing

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