537 Valencia St San Francisco, CA 94110

Property Details for 537 Valencia St

Year built

1907

Property size

6,364 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property at 537 Valencia Street in San Francisco, CA 94110, presents a compelling investment opportunity. The 6,364 square foot building, constructed in 1907, boasts a captivating blend of commercial and residential spaces. Currently configured as a bank with additional residential units, this three-story building sits on a 2,238 square foot lot (APN 3569-044) and is zoned NCT – Valencia Street. The asking price is $3,495,000, representing a compelling $593 per square foot. The property offers a current NOI of $230,180, translating to a 6.59% cap rate, with a pro-forma NOI of $335,532 and a pro-forma cap rate of 9.60%. Five of the eight residential units have undergone complete renovations, featuring new kitchens and baths, granite countertops, stainless steel appliances, washers, and dryers. One additional unit has a renovated kitchen and bath. The commercial unit has also been fully renovated and recently leased to successful operators. Significant upgrades have been implemented throughout the building, including a complete roof replacement, new windows, new plumbing, tankless water heaters in the residential units, a split HVAC system (in four of six units), fire system upgrades, a new 400-amp electrical upgrade, and new electrical wiring with in-unit sub-panels. Soft-story work has also been completed. This property offers a rare combination of strong cash flow, significant recent renovations, and a prime location on a popular block of Valencia Street, making it an ideal investment for discerning buyers.

Location Insight

City

San Francisco

County

San Francisco

State

California

Longitude

-122.422

Latitude

37.7643