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$7,000,000

For Sale

5 months ago

515 Ofarrell St, San Francisco, CA

House

MLS® 41128295

0 Bed

0 Bath

--

7 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 144
Lot Size 0.1041 Acres
Approx. Age 1926
MLS® Number 41128295

Property Address: 515 Ofarrell St, San Francisco, CA, 94102-1964

Average square foot calculated using Size range provided by listing agent.

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, located 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.
MLS® Number41128295
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1926
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 24, 2026List Date
$7,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
515 Ofarrell St, San Francisco, CA

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