This reinforced concrete and stucco example of the early twentieth-century Classical Revival style was constructed for Herbert L. Rothschild Entertainment, Inc. According to conflicting sources, the building originally was either a movie theater or a workshop for theatrical scenery. The 68-foot tower, which could have been used to paint scenery, supports the latter position.

The SOMA neighborhood was the epicenter of the dot-com boom, and during the last decade of the twentieth century, many historic buildings in this former industrial zone were converted to condominiums and live-work lofts. In 1998, 465 10th Street became The Stagehouse Lofts offering eighteen units to a crazed real estate market.