2825 California St - Restaurant FOR SALE


San Francisco, CA 94115- Lower Pacific Heights
$11,377,000 USD
310-691-1350
2825 California St, San Francisco, CA for Sale
$11,377,000 USD
Restaurant - FOR SALE
1/8
null | 5% Cap Rate

2825 California St
San Francisco, CA 94115
Lower Pacific Heights


HIGHLIGHTS

  • Prime Mixed-Use Asset: Fully stabilized property in Lower Pacific Heights with strong foot traffic and retail proximity.
  • Fully Leased Diverse Tenant Mix: Four retail spaces and sixteen fully leased residential units with long-term tenants.
  • Quality Upkeep: Family-owned for 36 years with recent capital improvements.
  • Prime Location: High-visibility corner with easy access to affluent neighborhoods and public transit.
  • City Growth: San Francisco’s revitalization boosts long-term investment potential.
  • Rental Upside: Opportunity to convert leases and capture higher residential rents.

OVERVIEW

Pegasus Investments Real Estate Advisory Inc. as exclusive investment sales advisor to the seller, is pleased to offer the opportunity to purchase 2801-2825 California Street, San Francisco, California (the “Property”). The Property sits at the vibrant southwest corner of California and Divisadero Street, in the prestigious lower Pacific Heights neighborhood, just a few blocks from the epicenter of the Fillmore Street corridor, offering a distinguished mix of gourmet restaurants, trendy cafés, and upscale boutiques. The Property is a three (3) story, plus partial basement, mixed-use retail and residential building, approximately 15,190 square feet, on a high-identity corner with 110 feet of frontage on California Street and over 52 feet of frontage on Divisadero Street. It is comprised of four (4) ground floor commercial retail spaces and (16) residential units, including eight (8) studio and eight (8) one-bedroom, one-bath units on the second and third floors. The residential units total approximately 9,720 square feet and the total retail area is approximately 5,470 square feet. Three (3) of the retail spaces are leased to a renowned restaurant group who own and operate the James Beard Award winning b. Patisserie café and acclaimed Michelin Guide Restaurant, Routier. Since 2012, this group has invested significant capital into their commercial spaces showing long-term commitment to the Property. All four (4) commercial leases are currently on a “Gross” basis, new ownership will have the opportunity to convert the commercial leases to a “Net” basis, boosting the net operating income (NOI). The Property has been professionally managed and owned by the same family for over 36 years. All units are separately metered for gas and electric. Ownership has recently completed capital improvement work on the roof, plumbing systems, a new heating system for the residential units, and a new security system. The Property has historically benefited from extremely low vacancy rates and the commercial tenants have invested significant capital improvements to their spaces. The Property is a premier piece of San Francisco real estate in an exceptional location with convenient access to scenic parks, nearby cultural attractions, and downtown San Francisco. This is a rare opportunity for investors to acquire a fully stabilized asset located in a highly coveted neighborhood with a high barrier to entry.

FOR SALE DETAILS

PRICE

$11,377,000 USD

PRICE/SF

$749 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Asset in Lower Pacific Heights

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

NC-2

APN/PARCEL ID

1028-001

ASK ABOUT THIS PROPERTY

Shaun BloomquistPegasus InvestmentsMore Info
310-691-1350

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Shaun BloomquistPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.