Address
515 Ofarrell St, San Francisco, CA
Price
$ 7,000,000
Property Attributes
- ID#41128295
- TypeSingle Family
- Listing Status Active
- CountySan Francisco
- CitySan Francisco
- NeighborhoodCivic Center
- Zip94102
- StyleHighrise (7+ Flrs)
- Year Built1926
- Price$ 7,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage25896
- Lot Size0.1 Acres
Data Source:
Bay East MLS, CCAR MLS, or bridgeMLS
Property 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.
| Price History | |
|---|---|
| 3/31/2026 | Listed $10,500,000 |
| 8/3/2026 | 33$7,000,000 |
General Features
| Living Area | 25896 |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Roof | Elastomeric |
| Zoning | RC4 |
| Construction Materials | Concrete |
| Year Built | 1926 |
| Property Subtype | Highrise (7+ Flrs) |
| County | San Francisco |
| Property Type | Commercial Sale |
| HOA | false |
| Subdivision Name | Civic Center |
| Garage Y/N | false |
| Status | Active |
| Directions | Use GPS. |
| City | San Francisco |
| MLS Area | Listing |
| Lot Size Square Feet | 4534 |
| Standard Status | Active |
Interior Features
| Interior Amenities | Elevator |
|---|---|
| Flooring | Concrete,Vinyl |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
Exterior Features
| Parking Features | Assigned |
|---|---|
| Lot Features | Other |
| Water Source | Public,Meter on Site |
| Lot Size Area | 4534 |
| Building Area Total | 25896 |
| Lot Size Acres | 0.1 |
| Other Equipment | Other |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 94102
Price
Year Built
Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September
