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Listed by: Aida Molina-Polle (510) 871-0177 DRE #01423725, Hector Rosas DRE #01846925 | The Agency (424) 230-3700
$7,000,000
Monthly Est:$34,842
-- Bed
-- Bath
--sqft
515 Ofarrell St, San Francisco, CA 94102
$7,000,000
$34,842/moEst:
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Multi Family
Built in 1926
$-- HOA
4,534 sqft lot
--/sqft
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.
- Houzeo last checked: 5 hours ago
- Listing updated: August 3, 2026 at 6:45 pm
- Source: California Regional MLS-CA | MLS#: 41128295
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1926
HOA Fees
-
Finished Area
- sqft
Lot Size
4,534 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41128295
MLS Status
Active
Days on Market
225
Cumulative Days on Market
132
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
None
Heating
Wall Furnace
Construction
Year Built
Year Built: 1926
Home type
Multi Family
Construction Materials
Concrete
Other Features
Subdivision Name
Civic Center
Tenant Pays
Gas
Price History
| Date | Event | Price |
|---|---|---|
08/02/2026 Source: | Price Decreased | $7,000,000 -33.33% $0/sqft |
03/23/2026 Source: | Listed for Sale | $10,500,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 12:45PM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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