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Residential Hotel With Retail Space
New
For Sale
$5,880,000

734-740 Broadway, San Francisco, CA 94133

Residential Income, San Francisco, CA

Property Size14,992 SF
Lot Size0.09 Acres
Price / SF$392.21
Days on Market6

Property Features for 734-740 Broadway

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision SF District 8
Standard status Active
APN 0147008B
Size 14,992 SF
Lot size 0.09 Acres

Building Details

Year built 1910
Number of units 59
Listing Agency: eXp Realty of California, Inc
Listed By: Julia Lo
Added: Aug 24 Last Checked: Aug 29 at 1:06PM
MLS# 426157125

Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1910, this 14,992-square-foot residential hotel occupies a 0.0854-acre site at 734-740 Broadway in San Francisco. The building includes residential rooms alongside commercial space at street level, creating a mixed income profile within an established urban setting.

The property is located in the area where North Beach and Chinatown meet, with Broadway providing the immediate address. Existing income is in place, while some residential rooms are currently available for occupancy. The offering reflects the building’s historic character and its combination of lodging-oriented residential space with ground-floor commercial uses.

Key Highlights

  • 14,992‑square‑foot residential hotel on a 0.0854‑acre site
  • Built in 1910
  • Ground‑floor commercial spaces provide an additional income component

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$486,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,734,920 $9.7M
Cap Rate 7%
$6,953,514 $7.0M
Cap Rate 9%
$5,408,289 $5.4M
Market Conditions
NOI Build-Up for 14,992 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$944.5K $63.00/SF
− Vacancy
−$59.5K −$3.97/SF
EGI
$885.0K $59.03/SF
− OpEx
−$398.2K −$26.56/SF
NOI
$486.7K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,734,920
Cap Rate 7%
$6,953,514
Cap Rate 9%
$5,408,289

Alternative Uses

Best Use
Apartment 5plus
$6.95M
$6.08M – $8.11M (±1% cap)
NOI $486,746 @ 7.0% cap · market cap 8.28%
Second Best
Mixed Use
$4.78M
$4.18M – $5.58M (±1% cap)
NOI $334,509 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$73.23M
$64.08M – $85.43M (±1% cap)
NOI $5,126,083 @ 7.0% cap · market cap 87.18%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home Adult Day Care Buffet Clothing & Fashion Store Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20,446
Businesses Nearby

Demographics for 94133, CA

26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property combines residential rooms with ground-floor commercial spaces in San Francisco’s North Beach and Chinatown area.
Where is this apartment building located?
The property is located at 734-740 Broadway San Francisco, CA.
What is the asking price?
The asking price for this property is $5,880,000.
What are key features of this property?
This property features: 14,992‑square‑foot residential hotel on a 0.0854‑acre site; Built in 1910; Ground‑floor commercial spaces provide an additional income component
More about this property
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