New

$7,500,000

For Sale

3 hours ago

381 Broadway, San Francisco, CA

Name: 381 Broadway, For Sale in San Francisco - eXp Realty
Brand: Marcus & Millichap
SKU: 426121044
Price: 7500000 USD

House

MLS® 426121044

0 Bed

0 Bath

17205 sqft

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size 17205 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1909

Avg. Price Per Sqft $435

MLS® Number 426121044

Property Address: 381 Broadway, San Francisco, CA, 94133

Average square foot calculated using Size range provided by listing agent.

Description

381 Broadway is a mixed‑use investment ideally located just outside Jackson Square, one of San Francisco's most desirable and supply‑constrained submarkets. Situated 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 intersection of North Beach, Chinatown, and the Financial Districtbenefiting from strong pedestrian traffic, limited new supply, and enduring housing demand. The 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 commercial space is occupied by Centerfolds, a long‑standing neighborhood legacy business that has operated along the Broadway corridor for over 40 years. The tenant executed a new 10‑year lease in late 2025, offering long‑term income stability and approximately one‑third reimbursement of property taxes, reducing operating expenses and enhancing cash‑flow. The residential hotel has been owned and conservatively operated by the seller's family for nearly 50 years, spanning two generations. Pride of ownership is evident throughout, with extensive upgrades to lighting, flooring, and other interior improvements. Additional amenities include on‑site coin‑operated laundry for the residential hotel. The seller is offering the property with 17 vacant units, creating a compelling value‑add opportunity for a new owner to implement updated marketing, improve occupancy, and drive future revenue growth. The building as a whole has benefited from substantial capital investment totaling over $400, 000, including a completed seismic retrofit, upgraded fire alarm system with horns, full sprinkler coverage, and new double‑paned energy‑efficient windows throughout. A unique physical advantage is the building's accessibility from three sides, allowing for efficient maintenance, future renovations, and capital improvements. Conveniently located and backed by stabilized long‑term commercial income from a legacy tenant, 381 Broadway represents a compelling opportunity to acquire a well‑maintained mixed‑use asset with built‑in stability and upside. With existing residential vacancy, a new owner is positioned to control tenancy, shape the future of the property, and execute a long‑term investment vision.

MLS® Number426121044

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1909

BasementOther

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 28, 2026List Date

$7,500,000List Price

Commute

Commute

Starting Address

Destination Address

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