- For Sale $2,150,000
- Property Type Other
- Property Size 5,907 SF
- Lot Size 2,426 SF
- Parking Spaces Avail. 2
- Year Built 1906
- Date Updated Jun 27, 2025
1338 Stevenson Street is a six-unit multifamily property ideally located in San Francisco’s dynamic SOMA district. Built in 1906 and totaling approximately 5,907 square feet, the building features a desirable unit mix of three (3) two-bedroom, one-bath units and three (3) two-bedroom, two-bath units—each with thoughtful layouts, wood flooring, modern kitchens, and updated bathrooms. Select units also include in-unit laundry and access to parking.
The property is situated on a 2,426-square-foot lot within NCT-3 zoning and benefits from immediate access to public transit, tech shuttle stops, and major employment hubs. Recent upgrades include a completed soft-story seismic retrofit and a compliant fire alarm system. With separately metered gas and electricity, operational efficiency is enhanced.
This offering presents a compelling value-add opportunity with significant rental upside—current rents are approximately 34% below market. The property boasts a current cap rate of 6.68% with a pro forma cap rate of 9.78%, along with a projected 15.52% cash-on-cash return under stabilized operations.
1338 Stevenson Street offers investors a well-maintained, income-producing asset with both immediate cash flow and long-term upside in one of San Francisco’s most centrally located and transit-connected neighborhoods.
For Sale
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
99/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
97/100
Biker's Paradise
- City San Francisco, CA
- Neighborhood South of Market
- Zip Code 94103
- Market San Francisco
Points of Interest
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Market Street & Laguna Street
0.15 miles
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Market Street & Gough Street
0.16 miles
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Market Street & Guerrero Street
0.17 miles
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Van Ness
0.33 miles
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Duboce Avenue & Church Street
0.41 miles
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Taxi Stand at16th St Mission BART (southwest corner in front of Wells Fargo)
0.42 miles
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Hayes Street & Gough Street
0.42 miles
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16th Street Mission
0.42 miles
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Church Street & 14th Street
0.44 miles
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Church Street & Market Street
0.46 miles
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Arco
0.19 miles
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Shell
0.46 miles
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EVgo
0.47 miles
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Chevron
0.48 miles
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Gas & Shop
0.56 miles
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76
0.89 miles
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Castro Gas & Food Mart
0.92 miles
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Electrify America
1.03 miles
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Tesla Destination Charger
1.08 miles
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Volta HQ Charging Station
1.11 miles
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Zenanli Parking
0.17 miles
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Enterprise Car Rental Parking
0.18 miles
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Hoff Street Garage
0.45 miles
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Performing Arts Garage
0.50 miles
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Walgreens & Live Fit Gym Underground Parking Garage
0.52 miles
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Best Buy Parking
0.53 miles
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Costco Parking
0.57 miles
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Costco
0.61 miles
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Civic Center Garage
0.69 miles
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Gus's Parking
0.69 miles
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Travelodge
0.08 miles
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Edwardian Hotel
0.17 miles
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Sonder
0.26 miles
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Hotel Sunrise
0.35 miles
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Hayes Valley Inn
0.43 miles
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Union Hotel
0.45 miles
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Krishna Hotel
0.46 miles
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Inn on Grove
0.47 miles
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Frances Hotel
0.51 miles
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Ram’s Hotel
0.53 miles
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Menya Kanemaru
0.06 miles
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Pizza Zone N Grill
0.06 miles
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Burma Love
0.09 miles
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Sushi Zone
0.11 miles
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Rocket Sushi
0.12 miles
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Spice of America
0.17 miles
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Espetus Churrascaria
0.17 miles
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Dancing Yak
0.18 miles
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Shizen
0.18 miles
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Zuni Café
0.19 miles
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San Francisco Friends School
0.15 miles
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UCSF dental school clinic
0.25 miles
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UCSF Dental School
0.25 miles
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International High School
0.29 miles
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French American International School / Chinese American International School / International High School
0.33 miles
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San Francisco Conservatory of Music
0.33 miles
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Marshall Elementary School
0.34 miles
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California Institute of Integral Studies
0.40 miles
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John Muir Elementary School
0.42 miles
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Presidio Knolls School
0.46 miles
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Faces SF Hayes Valley Child Development Center Infant and Toddlers
0.32 miles
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Mary Lane Infant & Toddler Center
0.37 miles
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Mission Montessori
0.43 miles
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Project Commotion
0.67 miles
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Mio Preschool Too
0.69 miles
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L’Academy
0.72 miles
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Golden Gate Kindergarten
0.89 miles
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Compass Children's Center
0.91 miles
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Petite Explorer
1.01 miles
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Nihonmachi Little Friends
1.18 miles
Frequently Asked Questions
The space currently listed for sale at For Sale | 1338 Stevenson Street asks for $2,150,000.
For Sale | 1338 Stevenson Street totals 5,907 square feet.
For Sale | 1338 Stevenson Street was built in 1906.
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