515 Ofarrell ST, San Francisco, CA — listing photo 1
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FOR SALE

515 Ofarrell ST

San Francisco, CA 94102
4,534 Lot Sq Ft
Built 1926
$7,000,000
Price ReducedWas $10,500,000 — $7,000,000 (-$3,500,000)

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1926
Lot size
4,534 sq ft
Parking
7 spaces
Days on market
139
MLS status
Active
Zoning
RC4

Community, Schools & Utilities

Community

Subdivision
CIVIC CENTER

Utilities

Heating
WallFurnace
Cooling
None
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Location & Neighborhood

515 Ofarrell ST

San Francisco, CA 94102

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Frequently Asked Questions About 515 Ofarrell ST

Property type: Residential Income

The current asking price is $7,000,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 515 Ofarrell ST. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1926. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Francisco, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Francisco property.
The MLS currently reports the property as Active. It has been listed for 139 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Aida Molina-Polle
MLS ID: BMLS-R01423725

Available property

$7,000,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.