# 1939 Divisadero Street, San Francisco, CA 94115

> **TL;DR:** commercial, $3,500,000 ($488/sqft), built 1923, 7,179 sqft. Est. $18,719/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,000 |
| Price/sqft | $488 |
| Square Feet | 7,179 |
| Year Built | 1923 |
| Property Type | Commercial (Office) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $17,698 |
| Estimated Insurance | $1,021 |
| **Total** | **$18,719** |

## Property Highlights

- Built in 1923

## Description

### Agent Description
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.

## Location

- **Address:** 1939 Divisadero Street, San Francisco, CA 94115
- **County:** San Francisco
- **Coordinates:** 37.787652, -122.440678
- **Google Maps:** https://www.google.com/maps?q=37.787652,-122.440678

## Listing Agent

- **Name:** Michael B Johnston
- **Brokerage:** Engel & Völkers San Francisco Union Street

## Primary Photo

![1939 Divisadero Street - Primary Photo](http://lh.rdcpix.com/b4ff1c800bb9c58ef0dfe0df7518ff96l-f3682249979r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.ai/listing/1939-divisadero-street-san-francisco-ca-94115-26142225)*

---

**MLS#:** 426142225 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1939-divisadero-street-san-francisco-ca-94115-26142225)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "1939 Divisadero Street, San Francisco, CA 94115",
  "description": "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 ",
  "url": "https://www.propertysimple.ai/listing/1939-divisadero-street-san-francisco-ca-94115-26142225",
  "image": "http://lh.rdcpix.com/b4ff1c800bb9c58ef0dfe0df7518ff96l-f3682249979r.jpg",
  "price": 3500000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "1939 Divisadero Street",
    "addressLocality": "San Francisco",
    "addressRegion": "CA",
    "postalCode": "94115",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 37.787652,
    "longitude": -122.440678
  },
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 7179,
    "unitCode": "FTK"
  },
  "yearBuilt": 1923
}
```