$12,950,000 | 16 UNITS | LOWER HAIGHT
Just Listed
500-530 Haight Street
16
Units
10.8
GRM
6.4%
Cap Rate
$440
Price per Square Feet
Prominent 16-Unit Mixed-Use Property at Haight and Fillmore Streets, San Francisco.
Located at the iconic and highly trafficked corner of Haight and Fillmore Streets, 500-530 Haight Street is a significant 16-unit mixed-use property, offering a rare investment opportunity in one of San Francisco’s most desirable and vibrant neighborhoods. The property features five retail spaces and eleven residential units, with potential for improvement and long-term value growth.
The retail spaces are generous in size and ideal for a variety of uses. Four of these units measure approximately 1,850 square feet each, while the corner unit at 500 Haight stands at around 2,400 square feet. These south-facing spaces benefit from 14-foot ceilings, mostly clear-span layouts, and excellent street visibility, ensuring abundant natural light and a strong retail presence. This high-profile corner has long supported successful neighborhood-serving businesses, reinforcing its value as a commercial hub. Additionally, a large basement serves most of the retail spaces for storage and operational support. The basement’s square footage is not included in the total, and adds around 9,800 sq.ft. of usable space.
The property’s eleven residential units, primarily configured as large 5bd and 6bd flats, feature classic Edwardian characteristics, including high ceilings, hardwood floors, built-in cabinetry, and spacious layouts. Though these flats retain their original charm, they offer significant upside potential upon turnover and remodeling. Unit 510, unlike the others, has been divided into two separate units: a 1bd and a 2bd/1.5ba configuration. All residential units are separately metered for gas and electricity, with individual heating systems. The building has a master water meter, with commercial tenants reimbursing the landlord for a significant portion of the water costs. An extensive seismic retrofit was completed in 2019. Significant improvements were made to the buildings plumbing infrastructure, including a new sewer lateral, in 2022.
The property’s Edwardian architecture lends it historic character, though there is room for upgrading and improving the residential spaces to better meet modern standards. 500-530 Haight Street is situated in a thriving and diverse neighborhood with excellent access to transportation, retail, dining, and entertainment. The corner of Haight and Fillmore is known for its high foot traffic and vibrant community atmosphere, making it a prime location for both residential and commercial tenants.
This offering is an exceptional opportunity to acquire a mixed-use asset with significant upside potential in a dynamic San Francisco neighborhood. With its combination of long-established retail tenants, spacious residential units, and significant visibility at a prominent corner, 500-530 Haight Street presents a compelling investment opportunity for those seeking growth and stability in the heart of the city.