381 Broadway — Sale in San Francisco, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: San Francisco, CA 94133
Photos
Investment Figures
- Cap rate
- 5.20%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
381 Broadway is a well-located mixed-use investment in the heart of Jackson Square, one of San Francisco’s most desirable and supply-constrained submarkets. Just steps from the Transamerica Pyramid and a stone’s throw from neighborhood icons such as Cotogna and Blue Bottle Coffee, the property sits at the crossroads of North Beach, Chinatown, the Financial District, and the Embarcadero, providing exceptional connectivity and enduring demand. This property consists of a 42-room Residential Hotel (SRO) above a large, street-level commercial space, providing diversified income from two complementary uses. The ground floor is occupied by Centerfolds, a strong, well-capitalized tenant with deep roots along the Broadway corridor. A new 10-year lease executed at the end of 2025 provides long-term income stability, with the tenant reimbursing approximately one-third of the property taxes, materially reducing operating expenses. The residential hotel has been owned and carefully managed by the same family for nearly 50 years, spanning two generations. Operations have been conservative, and the current 17 vacant units present a clear value-add opportunity for a new operator to implement updated marketing strategies and drive increased occupancy and revenue. The property has benefited from significant capital improvements, including a completed seismic retrofit, upgraded fire alarm system with horns, full sprinkler coverage, and all new double-paned, energy-efficient windows. Additional amenities include onsite coin-operated laundry. A unique quality of the property is the accessibility from three sides of the building, allowing for efficient upgrades, maintenance, and future capital work. With a prime Jackson Square location, stabilized long-term commercial income, embedded residential upside, and strong physical fundamentals, 381 Broadway represents a compelling opportunity to acquire a well-maintained mixed-use asset in the core of San Francisco. Investment Highlights: • P
Market Context
This mixed use in San Francisco, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in San Francisco, CA — view the full market.
Contact
- Nico Toracca · (415) 625-2154 · nico.toracca@marcusmillichap.com
- Gino Franco · (415) 625-2167 · gino.franco@marcusmillichap.com
- Sandy Skeie · (415) 625-2153 · sandy.skeie@marcusmillichap.com
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