515 Ofarrell St, San Francisco, CA 94102

San Francisco
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
515 Ofarrell St,San Francisco, CA 94102
$7,000,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: aida molina-polle, hector rosas
Office: the agency424-230-3700
MLS#:41128295
Source:CRMLS

Price summary

  • Price:$7,000,000

About this home

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.

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Home facts

  • Year built:1926
  • Subdivision & Development:CIVIC CENTER
  • Listing ID #:41128295
  • Added:187 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1926
  • Lot area:0.1 Acres
  • Construction Materials:Concrete

Finances and disclosures

  • Price:$7,000,000

Parking

  • Total parking spaces:7
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