702-712 Vallejo Street, San Francisco, CA 94133, San Francisco, 94133 - bed, bath
ACTIVE$3,600,000
702-712 Vallejo Street, San Francisco, CA 94133
0Bed
0Bath
12,000Sqft
4,356Lot
Year Built
1900
Close
-
List price
$3.6M
Original List price
-
Price/Sqft
$300
HOA
$0
Days on market
-
Sold On
-
MLS number
424080667
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $3.60M(50th), sqft - 12000(50th), beds - undefined(50th), baths - undefined(50th).
702-712 Vallejo Street is nestled in the heart of San Francisco's highly sought-after North Beach neighborhood. Known for its rich cultural history and vibrant atmosphere, North Beach is a dynamic hub for dining, entertainment, and art, with some of the city's best cafes, restaurants, and bars just steps away. The property is within walking distance of iconic landmarks like Coit Tower, Washington Square Park, and the historic City Lights Bookstore. With easy access to the waterfront, Chinatown, and the Financial District, this location offers an exceptional blend of urban living and local charm. With a total area of 12,000 square feet on a 4,356 square foot lot, this 3-story property comprises 4 commercial units on the ground floor and 40 SRO (Single Room Occupancy) rooms on the upper levels. The property's APN is 0130-010 and zoning is North - Beach - Neighborhood Commercial (NCD). The subject property presents an ideal investment opportunity to acquire a large mixed-use building in one of San Francisco's most desirable neighborhoods, with strong long-term potential.
Nearby schools
6/10
Parker (Jean) Elementary School
Public,•K-5•0.1mi
8/10
Garfield Elementary School
Public,•K-5•0.2mi
9/10
Chin (John Yehall) Elementary School
Public,•K-5•0.3mi
/10
Chinese Education Center
Public,•K-5•0.4mi
9/10
Yick Wo Elementary School
Public,•1-5•0.5mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.4mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.8mi
1/10
Mission Education Center
Public,•K-5•4.1mi
2/10
Fairmount Elementary School
Public,•K-5•4.1mi
6/10
Francisco Middle School
Public,•6-8•0.4mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.6mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•1.9mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•3.2mi
6/10
Rooftop Elementary School
Public,•K-8•3.6mi
2/10
Revere (Paul) Elementary School
Public,•K-8•4.3mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•4.3mi
3/10
San Francisco Community Alternative School
Public,•K-8•5.2mi
9/10
Lawton Alternative Elementary School
Public,•K-8•5.2mi
8/10
Galileo High School
Public,•9-12•0.9mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.1mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.4mi
1/10
Downtown High School
Public,•9-12•2.6mi
3/10
O'connell (John) High School
Public,•9-12•2.7mi
3/10
Mission High School
Public,•9-12•2.8mi
2/10
S.F. International High School
Public,•9-12•3.0mi
6/10
Academy Of Arts And Sciences
Public,•9-12•4.3mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•4.3mi
2/10
Marshall (Thurgood) High School
Public,•9-12•4.4mi
7/10
Washington (George) High School
Public,•9-12•4.8mi
7/10
Lincoln (Abraham) High School
Public,•9-12•5.3mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•5.4mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.5mi
7/10
Balboa High School
Public,•9-12•5.6mi
10/10
Lowell High School
Public,•9-12•6.2mi
Price History
Date
Event
Price
10/14/24
Price Change
$3,600,000
Condition Rating
Poor
Built in 1900, this property is over a century old. The listing explicitly notes 'outdated infrastructure' and the need for 'extensive and costly system upgrades' for electrical, plumbing, and HVAC. Images of the SRO rooms show extremely basic conditions, including bare bulb lighting, indicating a lack of modern amenities and likely outdated electrical systems. The SRO nature implies shared, likely very old and basic, bathroom facilities. Substantial capital expenditure is required for rehabilitation and modernization, aligning with a 'poor' condition.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Premier North Beach Location: Nestled in San Francisco's highly sought-after North Beach, the property benefits from a vibrant atmosphere, rich cultural history, and exceptional walkability to dining, entertainment, iconic landmarks, and easy access to the waterfront, Chinatown, and Financial District.
Significant Mixed-Use Income Potential: The property comprises 4 commercial units on the ground floor and 40 Single Room Occupancy (SRO) units on upper levels, offering diverse and substantial rental income streams from both commercial and residential tenants.
Large Building Footprint: With a total area of 12,000 square feet, this 3-story building provides a substantial asset size, maximizing potential revenue generation within a prime San Francisco location.
Strong Investment Outlook: Explicitly described as an 'ideal investment opportunity' with 'strong long-term potential' in one of San Francisco's most desirable and appreciating neighborhoods.
Favorable Commercial Zoning: Zoned North - Beach - Neighborhood Commercial (NCD), which supports its current mixed-use configuration and offers flexibility for future commercial and residential development or renovation.
Cons
Advanced Age of Property: Built in 1900, the property is over a century old, indicating a high likelihood of outdated infrastructure, deferred maintenance, and the need for extensive and costly system upgrades (e.g., electrical, plumbing, HVAC) to meet modern standards.
SRO Unit Management Complexity: The presence of 40 Single Room Occupancy (SRO) units can entail specific regulatory challenges, higher management intensity, and potential limitations on tenant demographics or future conversion options compared to traditional residential units.
Substantial Capital Expenditure Required: Modernization, potential conversion of SRO units, and general upkeep for an aged building will likely demand significant capital investment to maximize its value, appeal, and ensure compliance with current building codes.