1945 Divisadero Street, San Francisco
San Francisco Home For Sale
SVN is pleased to present the opportunity to purchase 1945-1947 Divisadero Street, San Francisco. The property is leased to behavioral health and mental health doctors, therapists and other professionals. All of the leases expire within the next twelve months. The majority of the tenants are long-term tenants interested in renewing their leases. This property offers the potential for an investor to create a stable income stream at a potential 11.42%+ proforma cap. rate, or alternatively, the space could be delivered partially vacant for use by a potential owner- occupier business. The building was originally built as 5 residential (2-bed) units with ground floor retail. The residential units were converted to 5 suites with 4 offices each in 1981. The original retail space remains and was leased to a tenant for 30 years. PROPERTY HIGHLIGHTS Professional office building with ground-floor retail Leased to behavioral health, mental health doctors, therapists, and other office-use professionals Rare 100% commercial property in the Lower Pacific Heights submarket
Property Details
Essential Information
-
- MLS® #:
- 424004629
-
- Price:
- $1,850,000
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 7,567
-
- Acres:
- 0.07
-
- Year Built:
- 1923
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Office
-
- Status:
- Active Under Contract
Community Information
-
- Address:
- 1945 Divisadero Street
-
- Area:
- SF District 6
-
- Subdivision:
- Lower Pacific Height
-
- City:
- San Francisco
-
- County:
- San Francisco
-
- State:
- CA
-
- Zip Code:
- 94115
Interior
-
- # of Stories:
- 3
Additional Information
-
- Date Listed:
- June 21st, 2022
Price Change History for 1945 Divisadero Street, San Francisco, CA (MLS® #424004629)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $1,990,000) | $1,850,000 | $140,000 (7.04%) |
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