Description

141 Eddy Street presents a rare opportunity to acquire a large-scale mixed-use residential asset in the heart of San Francisco's Tenderloin neighborhood. The property consists of one hundred seven (107) units, primarily configured as SRO housing with a mix of supportive housing programs, along with one (1) ground-floor commercial space, offering a diversified and stable income stream. Originally constructed in 1907, the building features classic San Francisco architecture paired with efficient unit layouts designed to maximize functionality. Many units benefit from consistent natural light and straightforward floor plans, while the property's scale and configuration support ongoing operations as a service-oriented residential community. The asset has historically operated as supportive housing, similar to the West Hotel model, providing residents with access to essential services while generating reliable income through subsidies and program-based revenue streams. The property is centrally located near Civic Center, Union Square, and major transportation corridors including Market Street and Van Ness Avenue, placing tenants within immediate proximity to public transit, employment centers, and neighborhood amenities. This highly accessible location continues to benefit from both public and private investment, reinforcing long-term demand for centrally located, service-enriched housing options. 141 Eddy Street offers investors a compelling value-add opportunity through operational optimization and rent growth potential. With in-place rents significantly below market levels and expenses that can be streamlined relative to historical operations, a new owner can unlock substantial upside while maintaining the property's role within San Francisco's critical housing ecosystem.