620 Ofarrell St San Francisco, CA 94109
Mixed-use building with commercial and residential units near Union Square.
Property size:
4,240 SFProperty Features for 620 Ofarrell St
General Information
- Standard status
- Active
- Size
- 4,240 SF
Building Details
- Year built
- 1909
Source:
Corcoran
Listing Agent: Theodore Wong
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building Near Union Square
Located less than a mile from San Francisco's Union Square, this mixed-use building offers a rare opportunity in the heart of the city. The ground floor is anchored by Louder Restaurant, providing commercial income. The upper floors consist of 13 SRO units. Residents have access to a common kitchen and private and shared restrooms. Seven rooms hold city-designated tourist licenses and are rented nightly, historically generating short rental income. The remaining six rooms are suited for longer-term tenants, with four to be delivered vacant, allowing flexibility in tenant selection and rent stabilization. The property, with a size of 4240 square feet, is offered at a 8.31% CAP rate and 9.02 GRM, providing immediate income with upside potential through lease-up and operational optimization.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.4151161
- Latitude
- 37.7857194
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FAQs
What type of property is this?
Hotel - Mixed-use building with commercial and residential units near Union Square.
Where is this hotel located?
The property is located at 620 Ofarrell St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: - Prime location less than a mile from San Francisco's Union Square.; - Mixed-use building with established commercial tenant (Louder Restaurant) providing steady income.; - Seven SRO units with city-designated tourist licenses generating strong short-term rental income.