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.