1628 Union StSan Francisco, CA 94123

Property Details for 1628 Union St

Year built

1900

Property size (Sq ft)

2,139 SF

Zone code

UNION

Property type

Office properties

APN

0528 -025

APU

528025

Description

This exceptional 2,139 square foot commercial condominium, located at 1628 Union Street in San Francisco's desirable Cow Hollow neighborhood (zip code 94123), presents a unique investment opportunity. The property, built in 1900, is a second-floor unit within a four-level Victorian building and features nine offices, two restrooms, and a kitchenette. It also offers access to a shared patio area. The asking price is $1,100,000, translating to $514.26 per square foot. Currently vacant, this mixed-use space is zoned NCD - Union Street Neighborhood Commercial, offering flexibility for various office uses, including executive, medical, or traditional office setups. The property sits on a 2,139 square foot lot (APN 0528-025) and is offered as a gross lease. Its prime location on Union Street provides easy access to public transportation, bridges, and a wealth of amenities, including popular restaurants, high-end retail, and various lifestyle services. The surrounding area boasts superior demographics, with an average individual income of $132,709 and a median age of 34. This presents an excellent opportunity for owner-occupancy or investment, with SBA financing potentially available. The property is currently 33% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $573,463

  6.5%

  $529,351

  7%

  $491,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,152

  Geo Method

  $596,588

• Alternative Use

  Use

  Valuation

  Residential

  $656,395

  Hospitality

  $601,254

  Educational

  $500,236

  Medical

  $517,440

  Retail

  $778,146

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7986

Longitude

-122.426

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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