858-525-5007

515 Ofarrell ST, San Francisco CA 94102 | $7,000,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 4534 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1926
  • MLS#: 41128295
  • Community:

Listing provided courtesy of Aida Molina-Polle of The Agency. Last updated 2026-09-22 08:10:55.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.1 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985