For Sale
$5,500,000

686 BroadwaySan Francisco, CA 94133

Prime location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use building, located at 686 Broadway in San Francisco's vibrant Chinatown, presents a compelling investment opportunity. The property boasts a prime hard corner location at the intersection of Broadway and Stockton, offering excellent visibility and accessibility. This three-story building, originally constructed in 1907, comprises 13,363 square feet on a 4,761 square foot lot (APN 0146/011). The building is currently 100% occupied, generating a strong NOI of $387,231 and a 7.00% cap rate based on the asking price of $5,500,000. The property features 51 units, including 47 single-room occupancy (SRO) units spread across two floors and four fully leased commercial units. All city-required fire-panel upgrades are complete, and there are no outstanding city requirements or restrictions. The property is zoned CCB (Chinatown Community Business), ensuring flexibility for future uses. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in one of San Francisco's most desirable and dynamic neighborhoods. The building's strong occupancy, substantial NOI, and prime location make it an ideal investment for both seasoned and emerging investors seeking a stable and appreciating asset in a thriving market.

Highlights

  • $5,500,000 asking price for a mixed-use SRO property.
  • 13,363 square feet on a 4,761 square foot lot.
  • 7.00% cap rate with a $387,231 NOI.
  • 100% occupancy across 51 units (47 SRO, 4 commercial).
  • Located at 686 Broadway, San Francisco, CA 94133, in the Chinatown area.

Property Details for 686 Broadway

Property type
Mixed-use properties
Square Feet
13,363 SF
Stories
3
Units
51

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.79782694025
Longitude
-122.40838915256
686 Broadway, San Francisco, California

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686 Broadway
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