432 Geary St - Apartments FOR SALE


San Francisco, CA 94102- Civic Center
$14,000,000 USD
605-228-6402
432 Geary St, San Francisco, CA for Sale
$14,000,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

432 Geary St
San Francisco, CA 94102
Civic Center


HIGHLIGHTS

  • Mixed-Use Housing Repositioning Opportunity
  • Irreplaceable Union Square San Francisco Location
  • 69 Existing Rooms, Plus One Manager's Apartment - Private Bathrooms Throughout
  • $429,514 in Annual In-Place Commercial Lease Revenue
  • C-3-G Zoning - High-Density Residential Uses Permitted
  • Seller Financing Available to Qualified Investors

OVERVIEW

Union Square Plaza presents the opportunity to acquire a 69-room, seven-story asset in one of San Francisco’s most connected urban locations and reposition the property’s existing units toward the city’s rapidly expanding demand for flexible, workforce and technology-oriented housing. The existing configuration offers rare flexibility to evaluate a comprehensive repositioning strategy without inheriting a substantially occupied residential tenant base. Residential occupancy provides a buyer with unique repositioning flexibility. All 69 rooms contain private bathrooms, upper floors feature consistent layouts, and the property benefits from existing plumbing infrastructure, commercial laundry, elevator service, full sprinklers and prior seismic improvements. Importantly, the repositioning opportunity is supported by substantial existing lease income from restaurant and signage tenants. The property’s existing commercial tenants provide approximately $429,514 annually, providing meaningful cash flow while a purchaser evaluates and executes its business plan. Upon completion of a targeted capital improvement program, potential strategies include AI/technology workforce housing, furnished flexible living, co-living, founder/startup housing, student/graduate housing and other residential-oriented concepts, subject to applicable approvals.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

69

PRICE/UNIT

$202,899

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C3G

APN/PARCEL ID

0306-006

ASK ABOUT THIS PROPERTY

Ryan ClarkKW CommercialMore Info
605-228-6402

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Ryan ClarkKW CommercialMore Info
605-228-6402

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