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0 Baths
7,179 sqft

$3,500,000

1939 Divisadero Street, San Francisco CA, 94115

Price per sqft$487.53
Built in1923
Property size7,179 sqft
Property typeCommercial

Overview

Active

Listed Jun 25, 2026

Updated Jun 26

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.

Additional information

MLS® ID
426142225

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.07 Acres
MLS provider logo

Listed by Michael B Johnston with Engel & Voelkers San Francisco

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 6/26/2026.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Stephanie LeBeau shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 3:46 AM UTC, 6/26/2026

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