702-712 Vallejo Street, San Francisco, CA 94133, San Francisco, 94133 - 0 bed, 0 bath
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San Francisco, CA 94133
This Mixed-Use SRO Value-Add Asset represents a High-Potential Investment Opportunity in the heart of North Beach. Listed at $3,600,000, the property is positioned right at its $3,581,202 Fair Market Value, offering a stable entry point into a high-demand submarket. Spanning 12,000 sqft with 40 SRO units, 4 commercial spaces, and NCD Zoning, the building provides massive rental scale and diversified income streams. Despite a Poor Condition Rating requiring significant modernization, the property boasts Panoramic Bay Views and proximity to Top-Rated Schools like Lowell High (10/10). This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702-712 Vallejo Street Subject | $3,600,000* List Price | 0 | 0 | 12,000 | $298 | - |
A 734-752 Vallejo Street Active | $2,215,400 | 2 | 0 | 10,686 | $295 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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 While the SRO rooms appear clean and freshly painted, the images reveal extremely basic and outdated features, including bare bulb light fixtures, old wall-mounted sinks, and visible exposed electrical conduit. There are no modern kitchens or bathrooms within the SRO units, relying on shared, likely equally outdated, facilities.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.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 5.0 | 50% |
| Baths | 0.0 | 3.5 | 50% |
| Square foot | 12,000 | 8,619 | 50% |
| Lot Size | 4,356 | 3,378.08 | 50% |
| Price | $3.60M | $3.18M | 50% |
| Price per sq ft | $300 | $413 | 50% |
| Built year | 1900 | 1905 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 555 | 394 | 0% |
Oct 14, 2024
$3,600,000
Initial Listing