580 O'Farrell St 71 Unit Apartment Building $8,000,000 ($112,676/Unit) San Francisco, CA 94102

580 O’Farrell Street is a 22,550 square foot residential hotel and SRO property on a 4,726 square foot lot in the Tenderloin neighborhood, located in San Francisco. The property includes seventy-seven (77) rooms with seventy one (71) rentable units, one manager’s unit, community kitchen, community lounge, laundry room, housekeeping room, business center and storage room. The property does not contain any commercial square footage. The residential units are master metered for water & electricity.
From 2015 to 2016, the property underwent major renovations totaling an estimated $1,200,000. The renovations included: flooring in the hallways and bedrooms, interior paint, bedroom furniture replacement, key system, security system upgrades, window replacements, bathroom repairs, and common area improvements, among others. Additionally, approximately $300,000 was spent in 2013 to renovate the exterior, lobby, and other common areas, and curing some deferred maintenance.
The Tenderloin neighborhood is tucked in downtown San Francisco’s urban setting and is a place of new opportunities and second chances. Each population that has inhabited the Tenderloin has brought its own sense of community, culture, and cuisine. From upscale French food and jazz clubs to affordable Senegalese and Vietnamese food, the Tenderloin is indeed the mark of any proper city: that one place where no one can show enough respect for the rich culture.
The Tenderloin Recreational Center and Boeddeker Park both are situated less than a five minute walk from the Property. In addition, the property also has accessibility to the lively bar and dining scene four blocks away on Polk Street, is four blocks from The Olympic Club, is eight blocks from Grace Cathedral, and lies within one mile from both the Museum of Modern Art & The Yerba Buena Center for Arts.
The $4 million Tenderloin Community Action Plan (TCAP) reflects a broader push to transform the Tenderloin into a vibrant neighborhood through community-drive initiatives, cultivating new capacities, and interagency collaborations. The TCAP has provided services such as Night Safety Support, Expanding Green Spaces, Cleaner and Safer Public Spaces, Food Security, Youth Enrichment and Support, Small Business Support, and Housing. In addition, a new $3.3 million transformation of the Tenderloin Recreation Center’s outdoor area was recently approved in early 2025.