601 Tennessee Street, San Francisco, CA 94107

Property Description

The Mariposa is a contemporary, condominium-mapped multifamily community ideally located in San Francisco's vibrant Dogpatch neighborhood. Condominium-mapped from its inception, the property consists of 20 separately conveyable units under Final Map 9530 (2019), with recorded CC&Rs and an established owners association. The property offers a diverse mix of studio, one- and two-bedroom residences, including four distinctive two-level lofts with mezzanines, each featuring an exclusive-use entry and private patio or yard. Ideally positioned at the center of San Francisco's growing AI economy, The Mariposa is located just blocks from Y Combinator's Pier 70 campus and OpenAI's Mission Bay campus, with Uber, UCSF Mission Bay, Chase Center and Oracle Park nearby. The property provides convenient access to some of the city's leading employment centers, dining, entertainment and recreational destinations. Thoughtfully designed with a modern interpretation of San Francisco's classic bay window, the residences feature abundant natural light, condominium-grade finishes and smart-home technology. Interiors include GE Profile appliances, Silestone quartz countertops, Grohe fixtures, Latch entry systems, Nest climate and safety technology, Amazon Hub lockers and individually metered utilities. Select residences enjoy views of the San Francisco Bay, Sutro Tower and surrounding cityscape, while residents benefit from a landscaped panoramic roof deck featuring a custom outdoor kitchen and generous gathering areas. The Mariposa has demonstrated strong appeal to corporate tenants, highlighted by Gusto's 36-month master lease of the entire fourth floor as furnished residences. The property also presents an attractive opportunity for future rental growth, with 2026 lease renewals reflecting increases ranging from 12.5% to 45%. With no rent-controlled or below-market-rate (BMR) units, The Mariposa offers investors a compelling combination of condominium flexibility, modern amenities and mark-to-market potential in one of San Francisco's most dynamic neighborhoods.