CA > San Francisco
San Francisco, CA 94102,565 Geary ST
San Francisco, CA 94102,565 Geary ST
San Francisco, CA 94102,565 Geary ST
San Francisco, CA 94102,565 Geary ST
San Francisco, CA 94102,565 Geary ST
San Francisco, CA 94102,565 Geary ST
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Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Gino V Franco Marcus & Millichap
$ 9,850,000
Est. payment | /mo

19 Beds

37,796 SqFt

Save
$ 9,850,000
Est. payment | /mo
Save

19 Beds

37,796 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 37,796 sqft

Price per Sqft $260

MLS Listing ID 425082850

Bedrooms 19

HOA Y/N No

Year Built 1922

Lot Size 7,962 Sqft

Acres 0.1828

Property Sub-Type Mixed Use

Property Description

565 Geary Street is a six-story mixed-use apartment building in San Francisco's Downtown district, just two and a half blocks from Union Square. The property features 69 residential units, three ground-floor retail spaces, five offices, and a 21-car valet garage spanning two parcels, including the adjacent lot at 549 Shannon Alley. Unit mix: 40 studios, 7 junior one-bedrooms, 12 one-bedrooms, a two-bedroom penthouse, and a three-bedroom, two-bath unit converted from former office space. Major upgrades include a $400,000 elevator rebuild, new fire horn system, and a five-year-old modified bitumen roof. Interiors feature new carpet, lighting, and mailboxes. The steam boiler-heated building offers coin-op laundry, separately metered gas, and master-metered electricity with a 800-amp main. About 10% of units are fully remodeled, 30% have updated baths, and 10% have new kitchens. The garage is leased to a third party with strong parking demand. Professionally managed and fully performing, the property generates strong in-place income with upside through turnover and modernization. Offered at $9,850,000, 565 Geary represents a 6.6% cap rate in one of San Francisco's most dynamic neighborhoods.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Fireplace No

Exterior

Total Parking Spaces 1

Building

Lot Description None

New Construction No

Others

Tax ID 0317018

San Francisco MLS - SFAR
Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

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