Listing provided courtesy of Engel & Voelkers San FranciscoMLS# 426142225MLS Provider
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1939 Divisadero Street presents a rare opportunity to acquire a turnkey, income-producing office investment in one of San Francisco's most established and centrally located neighborhoods. Originally constructed as an apartment building and thoughtfully converted into professional office suites, the property consists of 24 individual office spaces and one ground-floor retail suite. The tenant roster is comprised primarily of therapists and counseling professionals, a highly desirable tenant base known for long-term occupancy, low turnover, and consistent demand. For investors seeking the stability typically associated with multifamily ownership, 1939 Divisadero offers many of the same benefitsnumerous small tenants, diversified income streams, and resilient occupancywithout the constraints of residential rent control. The result is a property that combines the predictability of apartment-style cash flow with the flexibility and income growth potential of commercial real estate. The building has been meticulously maintained and professionally managed, reflecting pride of ownership throughout. Current management may be available to remain in place, providing a seamless transition for a new owner. With only three office vacancies, the property generates a legitimate in-place 6.5% capitalization rate while still offering future upside through rental growth. The flexible lease structure provides optionality for both investors and owner-users, allowing a future owner the opportunity to occupy space while maintaining substantial income from the existing tenant base. This combination of immediate cash flow, occupancy flexibility, and long-term appreciation potential is increasingly difficult to find in today's investment market. Architecturally, the property retains the timeless character and charm of its residential origins while offering modern functionality for professional users. In turnkey condition and strategically positioned along the Divisadero corridor, 1939 Divisadero is a compelling investment opportunity that delivers strong current returns, operational stability, and future value creation potential.

Source: San Francisco MLS, MLS#: 426142225

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  • Property Type
    Commercial Sale
  • Lot
    0.07 acres

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  • Median Age
    36
  • Population Density
    30,330
  • College Educated
    75%
  • Estimated Median Income
    $125,550
  • Estimated Total Home Owners
    4,444
  • Estimated Total Renters
    12,556
  • Owner / Renter Divide
    26% / 74%
  • Estimated Average Household Size
    2
  • Total Population
    33,841
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1939 Divisadero Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/25/2026Source: San Francisco MLS Added to Database
June 25, 2026