1857 Mason Street, San Francisco, CA 94133

Property Description

1857 Mason Street, an 8-unit mixed-use property ideally situated on the corner of Filbert & Mason Streets in North Beach. Known for its cultural landmarks, cafes, and popular destinations blocks away like Washington Square Park and Coit Tower, North Beach attracts both locals and tourists alike, creating strong foot traffic and a dynamic urban environment. This building is well-positioned to benefit from nearby transit, as well as lively retail and dining scenes that draw stead crowds year-round, making it an appealing site for both residential and commercial tenants. The property consists of seven (7) 1 BD / 1 BA units and one (1) ground-floor commercial unit. The units feature hardwood floors, large closets, and ample natural light. The building is separately metered for gas & electricity. The building is also in compliance with the San Francisco Soft-Story Retrofit Ordinance. 1857 Mason Street presents strong rental income potential and consistent cash flow. The building's mixed-use component provides income diversification through both residential and commercial tenants. Additionally, the property has significantly below market-rate rents, leaving roughly 100% upside in the rents for the next property owner.