646-654 Washington Street, San Francisco, CA 94111, San Francisco, 94111 - bed, bath
646-654 Washington Street
San Francisco, CA 94111
Property Price
SUMMARY
Analysis of 646-654 Washington Street, San Francisco, CA 94111 is currently available with a list price of $2,400,000. 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.
This is a commercial/mixed-use building, not a residential property, which makes direct application of residential criteria challenging. The property exhibits a mix of conditions: the former restaurant space appears dated in style but functional, while other commercial spaces have received more recent, functional updates with new flooring and paint. The bathroom is basic and utilitarian but clean. The exterior is older but maintained. The listing emphasizes 'redevelopment potential,' suggesting that while the property is currently functional, significant investment would be required to modernize it or adapt it for new uses, aligning with the 'aged but maintained' and 'functional but outdated' aspects of a 'fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Prime Commercial Location
Strategically located in the Financial District, adjacent to historical Chinatown, near North Beach and the Transamerica Pyramid, ensuring high foot traffic from both locals and tourists.
- Excellent Accessibility
The property boasts excellent access to public transportation, enhancing its appeal for businesses and their clientele.
CONSRISKS & DEFICIENCIES
- Ground Floor Vacancy
The ground floor, previously occupied by a seafood restaurant, is currently vacant, representing an immediate loss of rental income and requiring tenant acquisition efforts.
- Active Under Contract Status
The property is 'Active Under Contract,' which may deter new potential buyers or indicate a pending transaction that could still fall through, complicating new offers.
- Conflicting Property Type
The listing type is stated as 'Residential' while the description and sub-type clearly define it as a 'commercial building' and 'Mixed Use,' which could lead to confusion or potential reclassification/permitting complexities.
About 646-654 Washington Street
646-654 Washington St is a commercial building located in the Financial District, next to the historical Chinatown, near North Beach and the Transamerica Pyramid, with excellent access to public transportation. This is a high foot traffic area that draws both local San Franciscans and international visitors. 646-654 Washington St is a 18,128 square feet building sitting on a 4,560 square foot lot. In addition, the building has a full basement. The ground floor used to occupied by a seafood restaurant tenant and is currently vacant. APN is 0195-008. Zoning is CCB. The subject property presents a great Financial District investment opportunity with incredible redevelopment potential for creative investors.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- -
- Lot Size
- 4,560.73 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Chinese Education Center
Grades K-5 • 0.1 mi
Chin (John Yehall) Elementary School
Grades K-5 • 0.2 mi
Lau (Gordon J.) Elementary School
Grades K-5 • 0.3 mi
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 | - | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Nov 11, 2024
$2,400,000
Initial Listing