500 Greenwich Street, San Francisco, CA 94133

Property Description

Situated in the heart of San Francisco's highly sought-after North Beach neighborhood, 500 Greenwich Street presents a prime multifamily investment opportunity in one of the city's most vibrant and walkable submarkets. Built in 1907, the classic wood-frame property spans approximately 5,832 square feet on a 2,156-square-foot lot and comprises nine (9) total units, including six (6) one-bedroom/one-bath apartments and three (3) studios, along with two (2) on-site parking spaces. The residences feature hardwood & carpeted flooring, spacious layouts, ample natural light, ample closet space, and tidy kitchens and bathrooms that reflect the building's historic character. The property has been well maintained and includes several key capital improvements, most notably completion of the San Francisco Soft-Story Seismic Retrofit. The building is separately metered for gas and electricity and offers desirable amenities such as secured entry, on-site laundry and storage space - providing both tenant convenience and operational efficiency. Ideally positioned just steps from Washington Square Park, Coit Tower, and North Beach's renowned restaurants, cafs, and retail destinations, 500 Greenwich Street benefits from strong tenant demand and excellent access to public transportation throughout the city. The asset offers significant value-add potential with current rents substantially below market levels, representing approximately 108% rental upside. With its prime location, classic San Francisco architecture, completed seismic upgrades, and strong long-term fundamentals, 500 Greenwich Street presents a compelling opportunity for investors seeking income growth and ownership in one of San Francisco's most desirable rental markets.