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Listed by Theodore Wong Compass Commercial
$2,600,000
Est. payment /mo
4,240 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,240 sqft
Price per Sqft $613
MLS Listing ID 425042315
HOA Y/N No
Year Built 1909
Lot Size 1,716 Sqft
Acres 0.0394
Property Sub-Type Mixed Use
Property Description
Located less than a mile from San Francisco's Union Square, the Blue Hotel presents a rare opportunity to acquire a mixed-use building in the heart of the city. The ground floor is anchored by the established Louder Restaurant, providing steady commercial income, while the upper floors consist of 13 SRO units. Residents benefit from access to a common kitchen along with private and shared restrooms. Seven of the rooms hold city-designated tourist licenses and are rented on a nightly basis, historically generating strong short rental income in one of the country's top travel destinations. The remaining six rooms are suited for longer-term tenants, with four to be delivered vacant allowing a new owner the flexibility to select tenants and stabilize rents. Offered at a 8.31% CAP rate and 9.02 GRM, the property provides immediate income with significant upside potential through leaseup and operational optimization.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Flooring Tile, Wood
Fireplace No
Appliance Washer/Dryer
Building
Lot Description Mid Block
Water Public
Level or Stories Basement, Multi/Split
New Construction No
Others
Tax ID 0319008
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