387 Tehama Street

San Francisco, CA 94103

Masterfully designed by world-renowned designer Ken Fulk, 387 Tehama combines 7 live/work condo units into one one-of-a-kind 11,800 SF property, now offered as a 100% leased NNN investment at a 7.35% cap rate with potential for future owner-user occupancy. The space comfortably hosts a tech team of 60 or a cocktail event for 150. Soaring sawtooth ceilings and a wall of windows flood the space in natural light, with custom furnishings throughout. Fully leased to MTS Live on a new NNN lease at $62.00/SF ($731,600/yr) with 3% annual increases, expiring January 2030. With no renewal options, the lease offers strong in-place income today and a clear path for an owner-user to occupy the building in the future. FF&E included; landlord retains ownership. Features 4 conference rooms, 4 meeting rooms/bedrooms, 2 full & 3 half baths, elevator access, 36 workstations, a wet bar, two kitchens, an IT room, and a secure garage with 6 exclusive parking spaces. Zoned C-3-S with live/work. Steps to Downtown, Union Square, BART/MUNI, and direct freeway access via 5th Street. Few SF properties offer this design pedigree, in-place income, and flexibility. Buyer to independently confirm zoning/use. Tenant occupied; showings by appointment only, do not disturb tenant.

Listing courtesy of Dominic Morbidelli of Maven Commercial, Inc. | Agent Phone: (415) 404-7314



Listing information is provided by Participants of the San Francisco Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, San Francisco Association of Realtors MLS.
Last checked: 2026-10-19 11:58 AM UTC