16 Units Downtown San Francisco

Nestled between O’Farrell and Geary Streets, 537 Hyde Street offers a prime central location just minutes from San Francisco’s Financial District and Union Square. With public transportation right outside the front door, residents enjoy convenient access to all corners of the city.

Built in 1923, this well-maintained 4-story building features 9 studio apartments and 7 one-bedroom units, serviced by an elevator and enhanced by a range of resident amenities. A common laundry room, multiple storage units, and a private backyard provide added convenience and comfort.

The property spans 11,748 square feet on a 5,153 square foot lot with a concrete foundation, concrete walls, and wood joists. It is separately metered for gas and electricity, with heat supplied by a steam boiler (replaced 1996) and hot water from a separate Mighty Therm water heater.

Apartment finishes range from charming original details to units that have been thoughtfully upgraded with modern kitchen, bathroom, and lighting improvements—offering a mix of classic character and contemporary appeal.

Investment Highlights
Offered at $2,250,000—$192 per square foot, $132,353 per unit, and a 6.93 GRM—this property is attractively priced well below 2025 market averages across all major value indicators. The offering provides significant upside potential through additional unit upgrades, rent appreciation, and operational efficiencies to reduce expenses.

537 Hyde Street presents a rare opportunity to acquire a centrally located, transit-friendly asset in one of San Francisco’s most dynamic rental markets at a highly competitive price.