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.
Property Details
Price:
$7,000,000
MLS #:
41128295
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
CIVIC CENTER
Listed Date:
Mar 24, 2026
Lot Size:
4,534 sqft / 0.10 acres (approx)
Year Built:
1926
See this Listing
Schools
Interior
Cooling
NO
Heating
WL
Exterior
Construction Materials
CON
Parking Spots
7
Parking Total
7
Financial
Map
Community
- Address515 Ofarrell ST San Francisco CA
- SubdivisionCIVIC CENTER
- CitySan Francisco
- CountySan Francisco
- Zip Code94102
Subdivisions in San Francisco
Market Summary
Current real estate data for Single Family in San Francisco as of Aug 15, 2026
85
Single Family Listed
82
Avg DOM
765
Avg $ / SqFt
$1,537,327
Avg List Price
Property Summary
- Located in the CIVIC CENTER subdivision, 515 Ofarrell ST San Francisco CA is a Single Family for sale in San Francisco, CA, 94102. It is listed for $7,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1926. The average price per square foot for Single Family listings in San Francisco is $765. The average listing price for Single Family in San Francisco is $1,537,327.
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515 Ofarrell ST
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