674-678 Haight Street, San Francisco, CA 94117 For Sale

674-678 Haight St is a fully occupied, 5-unit mixed-use asset located in San Francisco, California. Built in 1890, the building encompasses approximately 5,950 gross square feet and sits on a 0.06-acre lot zoned NC1. The property features a highly desirable and diverse unit mix consisting of one (1) ground-floor retail unit, two (2) 2-Bedroom / 1-Bathroom with den, one (1) 2-Bedroom / 1-Bathroom unit, and one (1) 1-Bedroom / 1-Bathroom unit.

Offered at $2,998,000 ($599,600 per unit and $503.87 per square foot), the property presents a stable in-place income with significant value-add potential. The asset currently generates a Net Operating Income (NOI) of $185,708.80, translating to a 6.19% Current Cap Rate and a 11.69 Gross Rent Multiplier (GRM).

By strategically increasing rents upon tenant turnover and bringing current leases to market rate, a future investor has the opportunity to capture an estimated 16% in loss-to-lease upside. Achieving market rents will increase the NOI to a projected $229,584.64, yielding an attractive 7.66% Pro Forma Cap Rate and a 9.88 Pro Forma GRM.

Located in a core San Francisco neighborhood with enduring tenant demand, the property is well-positioned to maintain strong occupancy and capture future rental upside. 674-678 Haight St represents a rare opportunity to acquire a scaled, income-producing asset with embedded growth potential in one of the most competitive and resilient multifamily markets in the United States.