Nob Hill Commercial Corner
1388 California Street San Francisco, CA 94109
1388 California Street, San Francisco, CA, 94109
$6,000,000
For Sale
$6,000,000
Fully occupied commercial property in the heart of Nob Hill.
Property Size23,436 SF
Lot Size0.14 Acres
Price / SF$256.02
Days on Market185
Property Features for 1388 California Street
General Information
- Standard status
- Active
- Size
- 23,436 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing Agency
COMPASS COMMERCIAL
(415) 345-3000
Listed by
ADAM D FILLY · License #01354775
Source
Corcoran
Added: Jan 13 Checked: Jul 15 at 3:04 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS COMMERCIAL
Investment Insights
Based on property information with market context.
The commercial property at 1388-1398 California Street is a fully occupied building located at the corner of California and Hyde in Nob Hill. The property houses five commercial tenants, including the Cable Car Hotel, which features 70 rooms consisting of 19 tourist hotel rooms and 51 SRO rooms under a master lease. Other tenants include a bar, a cannabis dispensary, a florist, and a painter. The florist and paint studio operate on a month-to-month basis. This property offers investors a stable, income-producing asset with potential upside, especially for hotel operators. Its location and neighborhood presence may benefit from San Francisco's economic recovery. The property has a size of 23436 square feet.
Key Highlights
- Fully occupied commercial property in the heart of Nob Hill at the corner of California and Hyde.
- Anchored by the Cable Car Hotel, a 70‑room operation on a master lease.
- Stable, income‑producing asset with upside potential for hotel operators.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $843.7k | $36.00 |
| − Vacancy | −$126.6k | −$5.40 |
| EGI | $717.1k | $30.60 |
| − OpEx | −$268.9k | −$11.48 |
| NOI | $448.2k | $19.13 |
23,436 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$106.84M
$93.49M – $124.65M
NOI $7,479,049 @ 7.0% cap · market cap 124.65%
Second Best
Mixed Use
$6.40M
$5.60M – $7.47M
NOI $448,214 @ 7.0% cap · market cap 7.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cable Car Hotel
Hotel & Motel
Hotel SF
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully occupied commercial property in the heart of Nob Hill.
Where is this mixed-use property located?
The property is located at 1388 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Fully occupied commercial property in the heart of Nob Hill at the corner of California and Hyde.; Anchored by the Cable Car Hotel, a 70‑room operation on a master lease.; Stable, income‑producing asset with upside potential for hotel operators.
