Active

515 Ofarrell St

San Francisco, CA 94102

$7,000,000 $29,512/Mo

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Overview

Bed

Bath

4,534

Sqft(Lot)

Description

Significant Price Reduction! First time on the market in 49 years, this 46-unit mixed-use flagship trophy asset offers an outstanding investment opportunity in San Francisco's core corridor. Delivering an 8.37% actual in-place cap rate, the property is offered at approximately $152,174 per unit and $270 per square foot, well below estimated replacement cost. The 100% occupied asset consists of 45 studio apartments, one ground-floor commercial space, and seven garage spaces. The high-rise fire sprinkler upgrade is approximately 90% complete, with the balance to be completed prior to close of escrow. Additional value includes approximately $190,000 in annual rental upside, $46,947 in documented banked rent increases, Fannie Mae and Freddie Mac approved, no mandatory soft-story retrofit, lo cated within a Federal New Markets Tax Credit (NMTC) Census Tract. Ideally situated near Union Square, Powell BART/MUNI, and major hotels. Offering Memorandum available upon request.

Property Details

Property Type : ResidentialIncome

Price : $7,000,000

AD Id : 76365895

MLS Id : 41128295

Lot Size : 4,534 Sqft

Year Built : 1926

County : San Francisco

Subdivision: Country Club Estates

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: None

Building Information

Year Built: 1926

Construction Materials: Concrete

Private Pool: No

Lot Information

Main Square Feet: 4534 Lot Size Acres: 0.1041 Lot Size Square Feet: 4,534

Property Information

Subdivision: CIVIC CENTER Source Property Type: ResidentialIncome Property Age: 100

Listing Price Information

Listing Price: $7000000

Original Price: $10500000

Tax Information

Parcel Number: 0323 003

Parking Information

Parking Total: 7

Location Information

Direction: Cross Street: Jones St.

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ByOwner last updated this listing 08/13/2026 @ 20:07

MLS: 41128295 LISTED BY: Aida Molina-Polle, The Agency 424-230-3700 SOURCE: CRMLS