702-712 Vallejo Street, San Francisco, CA 94133, San Francisco, 94133 - bed, bath
702-712 Vallejo Street
San Francisco, CA 94133
Property Price
SUMMARY
Analysis of 702-712 Vallejo Street, San Francisco, CA 94133 is currently available with a list price of $3,600,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1900, this property is over a century old. While the SRO rooms appear clean and freshly painted, the images reveal extremely basic and outdated features, including bare bulb light fixtures, old wall-mounted sinks, and visible exposed electrical conduit. There are no modern kitchens or bathrooms within the SRO units, relying on shared, likely equally outdated, facilities. The property analysis explicitly notes 'Advanced Age of Property' and 'Potential for High Renovation Costs' for 'deferred maintenance, system upgrades (e.g., plumbing, electrical), and modernization.' This indicates a need for substantial repairs and rehabilitation to bring major components and living spaces to current standards, aligning with a 'poor' condition score.
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).
- Exceptional North Beach Location
The property is nestled in San Francisco's highly sought-after North Beach, offering a vibrant cultural hub with excellent walkability to dining, entertainment, iconic landmarks, and easy access to the waterfront, Chinatown, and Financial District.
- Diversified Mixed-Use Income
Comprising 4 commercial units on the ground floor and 40 SRO (Single Room Occupancy) rooms on upper levels, the property provides multiple income streams, enhancing investment stability and potential returns.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1900, the property is over a century old, suggesting a high likelihood of requiring significant capital expenditure for deferred maintenance, system upgrades (e.g., plumbing, electrical), and modernization to meet current building codes and tenant expectations.
- SRO Unit Management Complexity
Single Room Occupancy units in San Francisco are subject to stringent regulations, rent control, and tenant protection laws, which can present considerable management challenges, legal risks, and limitations on rental income growth for an owner.
- Potential for High Renovation Costs
Modernizing 40 SRO units and commercial spaces in an historic building will likely incur substantial renovation costs, impacting immediate profitability and requiring significant upfront investment to enhance marketability and functionality.
About 702-712 Vallejo Street
702-712 Vallejo Street is nestled in the heart of San Francisco's highly sought-after North Beach neighborhood. Known for its rich cultural history and vibrant atmosphere, North Beach is a dynamic hub for dining, entertainment, and art, with some of the city's best cafes, restaurants, and bars just steps away. The property is within walking distance of iconic landmarks like Coit Tower, Washington Square Park, and the historic City Lights Bookstore. With easy access to the waterfront, Chinatown, and the Financial District, this location offers an exceptional blend of urban living and local charm. With a total area of 12,000 square feet on a 4,356 square foot lot, this 3-story property comprises 4 commercial units on the ground floor and 40 SRO (Single Room Occupancy) rooms on the upper levels. The property's APN is 0130-010 and zoning is North - Beach - Neighborhood Commercial (NCD). The subject property presents an ideal investment opportunity to acquire a large mixed-use building in one of San Francisco's most desirable neighborhoods, with strong long-term potential.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1900
- Lot Size
- 4,356 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
Parker (Jean) Elementary School
Grades K-5 • 0.1 mi
Garfield Elementary School
Grades K-5 • 0.2 mi
Chin (John Yehall) 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 | - | 11.5 | 25% |
| Baths | - | 1.0 | 50% |
| Square foot | 12,000 | 9,552 | 75% |
| Lot Size | 4,356 | 3,526.18 | 50% |
| Price | $3.60M | $2.97M | 75% |
| Price per sq ft | $300 | $348 | 50% |
| Built year | 1900 | 1906 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 509 | 231 | 0% |
Pricing History
Listed for Sale
Oct 14, 2024
$3,600,000
Initial Listing