Offered exclusively, 438–440 Broadway presents a rare opportunity to acquire a mixed-use asset in one of San Francisco’s most dynamic and historically rich corridors. Situated along the iconic Broadway Corridor in North Beach, this property places investors at the center of a district defined by constant foot traffic, strong tourism activity, and a vibrant blend of retail, nightlife, and residential demand. With a Walk Score of 100, the location provides immediate access to surrounding restaurants, transit, retail amenities, and some of the city’s most recognizable cultural landmarks.
The building consists of 39 total units, including 37 residential hotel-style units and two commercial storefronts that benefit from a daily traffic count exceeding 22,000 vehicles. This configuration positions the asset as an exceptionally flexible investment with multiple pathways for long-term value creation. Currently operating with notable vacancy and operational inefficiencies, the building presents a substantial value-add profile where stabilization, renovation, and management optimization can unlock significant income growth. As outlined in the financial analysis, the property’s actual income of $199,432 stands well below its projected potential of $350,000, offering an estimated 43 percent upside through lease-up and improved operational strategies.
Surrounding demographic data reinforces the location’s appeal, with average household incomes exceeding $140,000 within a two-mile radius and more than 360,000 employees in the immediate employment basin. The Broadway/North Beach environment remains one of San Francisco’s most trafficked lifestyle districts, drawing both local and visitor spending across its retail, dining, entertainment, and cultural venues.
For investors seeking a well-located San Francisco asset with meaningful repositioning potential, 438–440 Broadway delivers a compelling blend of location strength, income upside, and long-term redevelopment or modernization optionality.