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Property profile & analytics
OFF-MARKET Estimated value $2,590,000
Hotels

3900 3rd St San Francisco, CA 94124-1412

0.06 ac lot Built 1913
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5750899
Property summary
AI-generated overview

This exceptional mixed-use property at 3900 3rd Street in San Francisco, CA 94124, presents a compelling investment opportunity. Built in 1913, this grand building boasts period architecture and details, previously operating as a hotel. Currently vacant, the property offers two street-level commercial spaces, each equipped with individual gas heaters, electric meters, and bathrooms. The front space, formerly a coffee shop, and the rear space, previously an art gallery, benefit from a highly visible corner location on the bustling 3rd Street corridor. Upstairs, twenty single-occupancy residential rooms are available, each featuring a sink, gas wall heater, small refrigerator, and microwave. Each floor houses ten residences, along with a shared shower room and toilet. A manager's unit with a private bath is also included. The building features a full height basement with ample storage, a separate garbage enclosure, and a small outdoor area. Significant upgrades include a fully sprinklered system and some completed seismic updates. The property is served by one gas meter for residential use and another for commercial use. Its prime location on the 3rd Street T-Line, across from a busy shopping mall, and with easy freeway access and proximity to Downtown San Francisco, ensures high visibility and strong potential for future growth. The asking price is $3,500,000.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1913
Construction WOOD
Lot 0.06 ac (2,396 SF)
Zoning code M1
APN 5242 -021
UPID US09-5750899
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sparkling Carpets Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.59M
Owner & transaction history
3900 3rd Street Housing LLC · 1 yrs held
3900 3rd Street Housing LLC
since 2024
Last sale
$2.6M
7 recorded transactions
2024
$2.6M
2019
Price N/A
2017
Price N/A
2017
Price N/A
2008
Price N/A
2008
Price N/A
2008
Price N/A
Zoning & alternative use
M1 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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