O F F E R I N G M E M O R A N D U M

2524 & 2532 Lombard StreetFo r S a l e | I n ve s t m e n t O pp o r t u n i t y | M a r i n a /C ow H o l l ow | S a n Fra n c i s co

2 2 5 2 4 & 2 5 3 2 L O M B A R D S T R E E T

P L E A S E C A L L F O R P R I C I N G & A N A L Y S I S

O F F E R I N G M E M O R A N D U M 3

Property Overview

Property SummaryColliers International, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire 2524 Lombard Street & 2532 Lombard Street (“the Property”), a prominent mixed-use building, along with a contiguous parking lot/development site, located at the con!uence of the Marina, Cow Hollow, and the Presidio, three of the most highly desirable neighborhoods San Francisco.

2524 Lombard Street is a total of approximately 20,000sf, consisting of a 10k/sf ground level commercial space (delivered vacant), along with 10k/sf at the 2nd level, currently a 47-room SRO (single room occupancy) hotel, with approximately 25 vacant units (as of 4/1/20).

2532 Lombard Street is currently a parking lot consisting of approximately 6,875 sf, delivered free and clear of any leasehold obligations. The parcel has a 40’ height allowance, theoretically providing Golden Gate Bridge, Bay and Alcatraz views.

Surrounded by high-end residential, retail, restaurants, and other amenities like the Palace of Fine Arts and Chrissy Field, the Property o"ers a fantastic value-add and ground-up development project. Located at the heart of the coveted northern neighborhoods of the City, and just a short drive from Marin County, 2524/2532 Lombard represents is a truly unique opportunity.

Address: 2524 & 2532 Lombard StreetProduct Type: Hotels, Retail, & Vacant Lot Building Area: ±19,250 (2524 Lombard)

Year Built: 1913

Land Area:± 10,312 sq. ft. (2524 Lombard)± 6,875 sq. ft. (2532 Lombard)

APN:0935-003 (2524 Lombard)0935-004 (2532 Lombard)

Zoning: NC3 — Neighborhood Commercial, Moderate Scale

Permitted Uses Residential & RetailHeight Limit: 40 ft.

4 2 5 2 4 & 2 5 3 2 L O M B A R D S T R E E T

Site Overview

O F F E R I N G M E M O R A N D U M 5

Location

MARINA

PRES

IDIO

COW HOLLOW

RUSSIANHILL

PACIFIC HEIGHTS

LOWER PACIFIC HEIGHTS

2524-2532 Lombard St.

6 2 5 2 4 & 2 5 3 2 L O M B A R D S T R E E T

Co-Tenancy

2524-2532 Lombard St.

O F F E R I N G M E M O R A N D U M 7

Demographics2019 1 mile 2 mile 3 mile

2019 Total Population 46,059 236,521 416,200

2019 Households 25,591 124,308 213,889

2019 Home Value: Median $2,000,001 $1,494,183 $1,443,186

Median Age 37.4 38.5 39.3

College or Advanced Degree 83.2% 66.5% 65.9%

Married 39.7% 34.7% 35.9%

Not Married 60.3% 61.8% 64.1%

2019 Median Household Income $170,604 $105,987 $110,110

2024 Projected Median Income $187,908 $125,209 $129,881

HH Income $200,000 or more 42.8% 29.7% 31.5%

Average Home Value $1,815,836 $1,574,020 $1,533,268

Owner Occupied 27.7% 19.2% 22.2%

Renter Occupied 72.3% 80.8% 77.8%

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COLLIERS INTERNATIONAL101 Second Street, 11th Flr.San Francisco, CA 94105www.colliers.com

Peter MikacichSenior Vice President415 288 7815peter.mikacich@colliers.comLic. 01133104

Shaun BloomquistVice President415 288 7867shaun.bloomquist@colliers.comLic. 01501651

Kevin KlinkVice President408 493 3099kevin.klink@colliers.comLic. 01840238

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