Legacy Asset in Lower Pacific Heights 2825 California St Local commercial 1 411 m² 100 % Loué À vendre San Francisco, CA 94115 9 960 905 € (7 058,48 €/m²) Taux de capitalisation 5 %

Pegasus Investments Real Estate Advisory Inc. as exclusive investment sales advisor to the seller, is pleased to offer the opportunity to purchase 2801-2825 California Street, San Francisco, California (the “Property”). The Property sits at the vibrant southwest corner of California and Divisadero Street, in the prestigious lower Pacific Heights neighborhood, just a few blocks from the epicenter of the Fillmore Street corridor, offering a distinguished mix of gourmet restaurants, trendy cafés, and upscale boutiques.
The Property is a three (3) story, plus partial basement, mixed-use retail and residential building, approximately 15,190 square feet, on a high-identity corner with 110 feet of frontage on California Street and over 52 feet of frontage on Divisadero Street. It is comprised of four (4) ground floor commercial retail spaces and (16) residential units, including eight (8) studio and eight (8) one-bedroom, one-bath units on the second and third floors. The residential units total approximately 9,720 square feet and the total retail area is approximately 5,470 square feet. Three (3) of the retail spaces are leased to a renowned restaurant group who own and operate the James Beard Award winning b. Patisserie café and acclaimed Michelin Guide Restaurant, Routier. Since 2012, this group has invested significant capital into their commercial spaces showing long-term commitment to the Property. All four (4) commercial leases are currently on a “Gross” basis, new ownership will have the opportunity to convert the commercial leases to a “Net” basis, boosting the net operating income (NOI).
The Property has been professionally managed and owned by the same family for over 36 years. All units are separately metered for gas and electric. Ownership has recently completed capital improvement work on the roof, plumbing systems, a new heating system for the residential units, and a new security system. The Property has historically benefited from extremely low vacancy rates and the commercial tenants have invested significant capital improvements to their spaces.
The Property is a premier piece of San Francisco real estate in an exceptional location with convenient access to scenic parks, nearby cultural attractions, and downtown San Francisco. This is a rare opportunity for investors to acquire a fully stabilized asset located in a highly coveted neighborhood with a high barrier to entry.