-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Uf/4YWsPxHbPMJcsdZkrzGspizBhApMFksWNE5fjkOjcoNDb/J9Kz7hUWiMZ8laD
 aUd/BlKQV27viA5VErV79g==

<SEC-DOCUMENT>0001252458-09-000003.txt : 20090331
<SEC-HEADER>0001252458-09-000003.hdr.sgml : 20090331
<ACCEPTANCE-DATETIME>20090331162944
ACCESSION NUMBER:		0001252458-09-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20090331
DATE AS OF CHANGE:		20090331
EFFECTIVENESS DATE:		20090331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAN FRANCISCO PARTNERS LP
		CENTRAL INDEX KEY:			0001252458
		IRS NUMBER:				226133038
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-73560
		FILM NUMBER:		09719374

	BUSINESS ADDRESS:	
		STREET 1:		591 REDWOOD HIGHWAY
		STREET 2:		STE 3215
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
		BUSINESS PHONE:		4153836600

	MAIL ADDRESS:	
		STREET 1:		591 REDWOOD HIGHWAY
		STREET 2:		STE 3215
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAN FRANCISCO PARTNERS II LP
		DATE OF NAME CHANGE:	20030707
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001252458</cik>
        <entityName>SAN FRANCISCO PARTNERS LP</entityName>
        <issuerAddress>
            <street1>591 REDWOOD HIGHWAY</street1>
            <street2>STE 3215</street2>
            <city>MILL VALLEY</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94941</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>4153836600</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>SAN FRANCISCO PARTNERS II LP</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CA</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>xxx</firstName>
                <middleName></middleName>
                <lastName>SF ADVISORY PARTNERS, L.P.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>xxx</firstName>
                <middleName></middleName>
                <lastName>SPO ADVISORY CORP.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General partner of general partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <middleName>H.</middleName>
                <lastName>SCULLY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer and director of general partner of general partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>WILLIAM</firstName>
                <middleName>E.</middleName>
                <lastName>OBERNDORF</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer and director of general partner of general partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>WILLIAM</firstName>
                <middleName>J.</middleName>
                <lastName>PATTERSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer and director of general partner of general partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EDWARD</firstName>
                <middleName>H.</middleName>
                <lastName>MCDERMOTT</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>591 REDWOOD HIGHWAY</street1>
                <street2>STE 3215</street2>
                <city>MILL VALLEY</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94941</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer and director of general partner of general partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-03-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1437000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>1</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>7</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SAN FRANCISCO PARTNERS LP</issuerName>
                <signatureName>/s/ Phillip Gordon</signatureName>
                <nameOfSigner>Phillip Gordon</nameOfSigner>
                <signatureTitle>Assistant Secretary of general partner of general partner</signatureTitle>
                <signatureDate>2009-03-31</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----