526-530 Lombard Street, San Francisco, CA 94133

Property Description

526-530 Lombard Street presents a rare opportunity for developers and investors seeking immediate rental income with significant long-term development potential in the heart of North Beach. Situated on an expansive 3,297-square-foot lot (approximately 24' x 138'), this well-maintained three-unit building offers stunning Bay and Alcatraz views, strong in-place rents, and the opportunity to pursue additional infill development while maintaining cash flow from the existing units. The property previously received Planning approval for a total of six units, including a new two-unit building at the rear of the lot and an additional unit within the existing building. Although the prior permit has expired and future development remains subject to applicable approvals and feasibility, the property's development history offers a compelling starting point for investors exploring the site's potential. With all three units currently tenant-occupied, the property is particularly attractive to infill developers and 1031 exchange buyers seeking an income-producing asset with future development and value-add opportunities. The units feature charming period details, abundant natural light, and impressive outlooks. Rear-facing rooms enjoy sweeping Bay and Alcatraz views, while the front of the property captures attractive city views. Additional amenities include one-car garage parking and substantial basement and storage space behind the garage. Ideally situated in North Beach, the property is just moments from Jackson Square, increasingly known as "Sand Hill Road North" for its growing concentration of prominent venture capital firms, technology companies, and design studios. The location places residents at the crossroads of North Beach, Jackson Square, and the northern waterfront, with easy access to the Financial District and some of San Francisco's best dining, cafs, shopping, and nightlife. Nearby destinations include Columbus Avenue, Washington Square, Coit Tower, the Embarcadero, and Fisherman's Wharf, offering an exceptional combination of neighborhood charm, walkability, and connectivity.