1040-1042 Howard Street, San Francisco, CA 94103

Property Description

1040 Howard Street is a nine-unit mixed-use property located on a strong block in SOMA. This turnkey asset has been professionally managed and well maintained, offering an excellent investment opportunity. The property consists of four one-bedroom units, four studios, and a large ground floor commercial space. The commercial space will be delivered vacant and occupies the entire ground floor of the building. It features a large open area upon entry, a full kitchen, in-unit laundry, and three additional rooms that could serve as private offices. Alternatively, a new owner may explore the potential to convert the space to a residential unit, for which the layout is well suited. Most of the residential units have been tastefully updated in recent years. Improvements include tile kitchen floors, stone countertops, LVT flooring, and select newer windows. Common areas are well maintained. The main electrical indicates 400 amps of service, and all units are separately metered for gas and electricity. It is flanked on both sides by a nonprofit that provides a positive and stabilizing presence on the block. Overall, this is a compelling opportunity to acquire a turn-key mixed-use building with upside potential at an attractive entry-level price point.