620 Ofarrell ST new Save Request In-Person Tour Request Virtual Tour
San Francisco,CA 94109
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,240 sqft
Price per Sqft $613
MLS Listing ID 425042315
Year Built 1909
Lot Size 1,716 Sqft
Property Sub-Type Mixed Use
Property Description
Located less than a mile from San Francisco's Union Square, the Blue Hotel presents a rare opportunity to acquire a mixed-use building in the heart of the city. The ground floor is anchored by the established Louder Restaurant, providing steady commercial income, while the upper floors consist of 13 SRO units. Residents benefit from access to a common kitchen along with private and shared restrooms. Seven of the rooms hold city-designated tourist licenses and are rented on a nightly basis, historically generating strong short rental income in one of the country's top travel destinations. The remaining six rooms are suited for longer-term tenants, with four to be delivered vacant allowing a new owner the flexibility to select tenants and stabilize rents. Offered at a 8.31% CAP rate and 9.02 GRM, the property provides immediate income with significant upside potential through leaseup and operational optimization.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Flooring Tile,Wood
Building
Lot Description Mid Block
Water Public
New Construction No