Ad #7811704
MLS #426142225
1939 Divisadero Street presents a rare opportunity to acquire a
1939 Divisadero St, San Francisco, CA 94115
$3,500,000
--Beds
--Baths
7,179Sqft
--Acres
About this property
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.
Property Features
0 Beds
0 Baths
7,179 Sqft
Built in 1923
0.000 Acres
San Francisco County
Additional Photos
Contact Information
Michael B Johnston
Engel & Völkers San Francisco Union Street
Location
Listing Agent: Michael B Johnston
Broker: Engel & Völkers San Francisco Union Street 415-689-8592 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Engel & Völkers San Francisco Union Street 415-689-8592 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$3,500,000
--
Beds
--
Baths
7,179
Sqft
1939 Divisadero St, San Francisco, CA 94115
By contacting this agent you agree to these Terms and Conditions.
MLS# 426142225
1939 Divisadero Street presents a rare opportunity to acquire a
$3,500,000
1939 Divisadero St, San Francisco, CA 94115
--
Beds
--
Baths
7,179
Sqft
--
Acres
$3,500,000
1939 Divisadero St, San Francisco, CA 94115
-- Beds
-- Baths
7,179 Sqft
-- Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
7,179 Sqft
Built in 1923
0.000 Acres
FINANCIAL & COMMUNITY
San Francisco County
Location
Mortgage Calculator
Ad Statistics
Ad Number
7811704
Viewed
97 times
Listing Status
Active
Added
Jun 26, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Engel & Völkers
Source Property ID
426142225
Listing Agent: Michael B Johnston
Broker: Engel & Völkers San Francisco Union Street 415-689-8592 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Engel & Völkers San Francisco Union Street 415-689-8592 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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