Opened as a house of studies in 1970, this friary now serves as a home for friars involved in various ministries, especially health care. They serve as chaplains at various local hospitals and also welcome guests who come to visit the city of St. Francis. Named after St. Bonaventure, an early Franciscan and brilliant mystical theologian, this friary was established in the 1970s specifically for the friars who were involved in theological and other professional studies. It is situated near the University of San Francisco, and convenient to public transportation, which has made it a base for the friars living in the City of St. Francis.
Besides the life of prayer and study, the friars here have been involved with the local church in many ways. They help the local Carmelite Nuns and work in area hospitals and parishes. The friary has also been a place of hospitality for friars and others visiting the Bay Area, as well as a place where the poor can find a friendly face and a lovingly prepared sandwich.