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$12,950,000

Beds
39
sq ft
29,410

500 Haight St, San Francisco, CA 94117

500 Haight St

San Francisco, CA 94117

  • 56 days on market
Located at the iconic corner of Haight and Fillmore Streets, 500-530 Haight Street is a rare mixed-use offering. The property consists of 11 large flats and 5 highly desirable retail spaces. The building is fully occupied and has a long history of successful retail tenants. Four of the retail are approximately 1,850 sqft each and the fifth is about 2,400 sqft. These south-facing spaces have 14' ceilings, great light, and are mostly clear span. The residential flats are mostly 5bd and 6bd units that feature high-ceilings, large rooms, built-in cabinetry, and lots of upside. The property is 29,410 square feet, which does not include the additional 9,800 sq.ft. of basement space. The property has had an extensive soft-story retrofit completed, as well as other improvements including new drainage and sewer lateral. Offered at a 6.4% Cap Rate on in-place income and over 50% upside in residential rents, this is a unique asset and buying opportunity in a vibrant Lower Haight location.

Details

Property type

Mixed Use

Est. home value

$65,559,836

Lot size

0.2828 acres

Price per sq ft

$441

Year built

1900

HOA

No

Price History

11/01/2024
SFAR

SFAR #424077706

Listed
$12,950,000

Schools & Community

Neighborhood: 

Hayes Valley

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of Guam

Loan start date

January 2017

Original loan amount

$9,000,000

Est. remaining balance

Not provided

Interest rate

4.03%

Loan type

Commercial

Seller

Mc Lakeshore 1824 Llc and Mc Mission 3178 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/27/2024 at 1:45 AM

Listing updated: 11/04/2024 at 9:31 AM

Listed by: Adam D. Filly, Compass Commercial

MLS: SFAR #424077706

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