1686 Hayes Street is a well-maintained corner mixed-use apartment building in the heart of San Francisco's coveted North-of-Panhandle (NoPa) and Alamo Square district. This income-diversified asset pairs nine residential apartments — including a junior accessory dwelling unit (JADU) — with two established ground-floor commercial tenants and three private garages, totaling approximately 10,050 square feet on two parcels (APN 1198-021 and 1198-020). Positioned on the vibrant Hayes Street corridor, the property enjoys the walkability, transit access, and durable tenant demand that define one of the city's most desirable rental submarkets. Its ground floor is activated by a neighborhood bakery and the Scarlet Fox wine bar — both on long-term leases — while spacious one- and two-bedroom residences above open to a landscaped interior courtyard. The building presents in excellent condition throughout. The property currently generates approximately $399,096 in annual in-place income, with a clear path to approximately $437,496 in stabilized pro-forma income through lease-up of the vacant JADU at approximately $2,700 per month and the oversized garage at approximately $500 per month. Using the current property tax basis and updated operating expenses, stabilized pro-forma NOI is approximately $368,873, representing a 6.15% pro-forma cap rate at the current asking price of $5,995,000. Additional upside remains through scheduled residential rent increases and future growth in the commercial leases. Irreplaceable at today's land and construction costs, 1686 Hayes represents a durable, diversified long-term hold in a supply-constrained San Francisco submarket with meaningful near-term income growth. QUICK FACTS Price: $5,995,000 Property Type: Multifamily — Mixed-Use (with ground-floor retail) Units: 11 total (9 residential incl. JADU + 2 commercial) Building Size: ±10,050 SF Garages: 3 + shared courtyard Current Gross Income: $399,096/year Pro-Forma Gross Income: $437,496/year Current NOI: $330,473 Pro-Forma NOI: $368,873 Current Cap Rate: 5.51% Pro-Forma Cap Rate: 6.15% Current GRM: 15.0x Pro-Forma GRM: 13.7x Price/Unit: $545,000/unit Price/SF: $597/SF Submarket: NoPa / Alamo Square · San Francisco 94117 APN: 1198-021 and 1198-020