Under Contract

1945 Divisadero Street

San Francisco CA, 94115

$1,850,000


$244.48 per sqft

Under Contract

7,567 sqft

Commercial

Built in 1923

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

424004629

MLS ID

June 21, 2022

Listed

April 23, 2024

Updated

Map

1945 Divisadero Street
San Francisco CA, 94115

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.07 Acres

Other Property Details

Area Name

SF District 6


Garage

No


Parking Total

0


View

No


County

San Francisco


Pool

No

Listing History

Date

Event

Price

3/25/2024

Under Contract

2/17/2024

Price Change

$1,850,000

-8%

Listed by Catherine E House with Catherine House, Broker

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 4/23/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Suzy Reily shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 3:20 PM UTC, 4/23/2024

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