Contacts
Property Details
- Property Type Other
- Property Size 5,907 SF
- Lot Size 2,426 SF
- Parking Spaces Avail. 2
- Year Built 1906
- Date Updated Jun 26, 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
Getting around
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99/100
Walk Score ®
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100/100
Transit Score ®
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97/100
Bike Score ®
Location
- 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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Cash & Carry
0.19 miles
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Whole Foods Market
0.32 miles
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Safeway
0.37 miles
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Foods Co
0.39 miles
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Rainbow Grocery Coop
0.39 miles
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The Market
0.48 miles
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Trader Joe's
0.56 miles
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Harvest Urban Market
0.68 miles
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Gus's Community Market
0.69 miles
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Ross
0.78 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
