Geary-Hyde Apartments presents an opportunity to acquire a 29-unit mixed-use corner asset in Lower Nob Hill with a level of vacancy rarely available in the San Francisco market. The property includes 15 vacant residential units, allowing a new owner to immediately execute a lease-up strategy, implement unit renovations, or pursue a phased repositioning program without waiting for tenant turnover. The unit mix consists primarily of spacious studios above ground-floor commercial space, providing diversified income and additional revenue potential outside of residential rent control. Major building systems have been maintained, and required UMB and fire alarm compliance work has been completed. Owned by the same family for three generations, the property offers investors a straightforward value-add opportunity with multiple paths to increasing income through lease-up, interior upgrades, expense management, and operational efficiencies. For buyers seeking scale, control, and measurable upside in a centrally located San Francisco neighborhood, Geary-Hyde Apartments warrants a close look.
Listing courtesy of Steven Caravelli, from Coldwell Banker Commercial Realty
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