611 Hyde Street, San Francisco, CA 94109

Property Description

Geary-Hyde Apartments offer the opportunity to acquire a 29-unit mixed-use property at a prominent Lower Nob Hill corner location. The property combines near-term income growth potential with long-term upside through lease-up, renovations, and operational improvements. The property consists of spacious studio apartments and ground-floor commercial spaces that provide an additional income source independent of residential rent control. Major building systems have been maintained, and the required UMB and fire alarm work has been completed. A key feature of the investment is the 15 vacant units, providing immediate control and flexibility. A new owner can lease the units in their current condition or implement a renovation program to target higher market rents. Upgrades to kitchens, bathrooms, flooring, and lighting may support increased rental income and establish a framework for future unit turnover. Owned by the same family through three generations. Additional opportunities may exist to improve operating efficiency through utility and expense reductions, including potential utility separation and heating system upgrades. With significant vacancy, multiple income streams, and value-add potential, Geary-Hyde Apartments present an opportunity to increase income and enhance long-term value in a centrally located San Francisco neighborhood.