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500 Haight Street 500-530 Haight St

11 Unit Apartment Building $12,950,000 ($1,177,273/Unit) 6.39% Cap Rate San Francisco, CA 94117

Executive Summary

Prominent 16-Unit Mixed-Use Property at Haight and Fillmore Streets, San Francisco
Located at the iconic and highly trafficked corner of Haight and Fillmore Streets, 500-530 Haight Street is a significant 16-unit mixed-use property, offering a rare investment opportunity in one of San Francisco’s most desirable and vibrant neighborhoods.
The property features five retail spaces and eleven residential units, with potential for improvement and long-term value growth. The retail spaces are generous in size and ideal for a variety of uses. Four of these units measure approximately 1,850 square feet each, while the corner unit at 500 Haight stands at around 2,400 square feet. These south-facing spaces benefit from 14-foot ceilings, mostly clear-span layouts, and excellent street visibility, ensuring abundant natural light and a strong retail presence. This high-profile corner has long supported successful neighborhood-serving businesses, reinforcing its value as a commercial hub. Additionally, a large basement serves most of the retail spaces for storage and operational support. The basement’s square footage is not included in the total, and adds around 9,800 sq.ft. of usable space.
The property’s eleven residential units, primarily configured as large 5bd and 6bd flats, feature classic Edwardian characteristics, including high ceilings, hardwood floors, built-in cabinetry, and spacious layouts. Though these flats retain their original charm, they offer significant upside potential upon turnover and remodeling. Unit 510, unlike the others, has been divided into two separate units: a 1bd and a 2bd/1.5ba configuration. All residential units are separately metered for gas and electricity, with individual heating systems. The building has a master water meter, with commercial tenants reimbursing the landlord for a significant portion of the water costs. An extensive seismic retrofit was completed in 2019. Significant improvements were made to the buildings plumbing infrastructure, including a new sewer lateral, in 2022.
The property’s Edwardian architecture lends it historic character, though there is room for upgrading and improving the
residential spaces to better meet modern standards. 500-530 Haight Street is situated in a thriving and diverse neighborhood with excellent access to transportation, retail, dining, and entertainment. The corner of Haight and Fillmore is known for its high foot traffic and vibrant community atmosphere, making it a prime location for both residential and commercial tenants.
This offering is an exceptional opportunity to acquire a mixed-use asset with significant upside potential in a dynamic San
Francisco neighborhood. With its combination of long-established retail tenants, spacious residential units, and significant
visibility at a prominent corner, 500-530 Haight Street presents a compelling investment opportunity for those seeking growth and stability in the heart of the city.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $12,950,000
Price Per Unit $1,177,273
Sale Type Investment
Cap Rate 6.39%
Gross Rent Multiplier 10.8
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.28 AC
Building Size 29,410 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900

Unit Amenities

  • Storage Space
  • Kitchen
  • Hardwood Floors
  • Sprinkler System
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • On-Site Retail
  • Storage Space
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1.5 1 - -
2+1.5 1 - -
5+1.5 4 - -
6+1.5 5 - -
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (95)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0848-004
Land Assessment
$11,963,931
Improvements Assessment
$6,467,335
Total Assessment
$18,431,266

zoning

Zoning Code NC2
NC2
  • Listing ID: 33690355

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 500-530 Haight St, San Francisco, CA 94117

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