515 Ofarrell ST, San Francisco, CA 94102
- $7,000,000
Listed by Aida Molina-Polle, (510) 871-0177 from The Agency
(If provided) CoList: Hector Rosas from
- List Price
- $7,000,000
- Price Change
- ▼ $3,500,000 1785791048
- MLS#
- EB41128295
- Status
- ACTIVE
- Lot Size
- 4,534
- Listing Area
- Other Area
- Year Built
- 1926
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.
/u.realgeeks.media/donaldkung/37db1cc68018-Remax_Capital_Balloon___Logo.jpg){kind=logo}
Additional Information
- Acres
- 0.10
- Amenities
- Elevator(s)/Lift(s)
- Cooling System
- None
- Exterior Features
- Concrete
- Floor Covering
- Vinyl, Concrete
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Lot Description
- Other
- Lot Size
- 4,534
- Neighborhood
- Other Area
- Numberof Units
- 46
- Unincorporated Yn
- Yes
- Zoning
- RC4
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than RE/MAX CAPITAL are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved