529 Stevenson Street

Description:

Colliers is pleased to present 529 Stevenson Street, a 61-unit multifamily property located in the SOMA neighborhood of San Francisco that was built in 1924 and renovated throughout. The original structure was a warehouse building consistent with the previous use in the area. In 2015, the property was converted to a residential building. The property encompasses approximately 37,067 square feet on a 10,646-square-foot lot and features a unit mix of 47 one-bedroom units, 13 studios, and one commercial space. Nine of the units are BMR rent restricted.

The building has been well maintained and offers an attractive combination of classic San Francisco character and modern functionality. Many units feature hardwood flooring, quartz countertops, tile backsplashes, and in-unit laundry, with abundant natural light throughout. The property also benefits from a soft-story retrofit, compliance with fire safety ordinances, in-unit sprinklers and a modern elevator.

Positioned in a central, transit-oriented location, the property offers residents easy access to downtown San Francisco, BART, Muni, and major tech shuttle routes, as well as a wide variety of nearby restaurants, cafés, and neighborhood amenities.

With its large unit count, efficient layouts, and non-rent controlled designation, 529 Stevenson Street represents an exceptional opportunity to acquire a well-located, income-producing multifamily asset in one of San Francisco’s most dynamic and evolving submarkets.

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