8-Unit Mixed-Use
For Sale
$1,980,000
Pending
1857 Mason St, San Francisco, CA 94133
Urban building combines residential apartments with a ground-floor commercial space near transit, dining, retail, and cultural destinations.
Property Size4,998 SF
Days on Market655
Property Features for 1857 Mason St
General Information
Standard status
Pending
Size
4,998 SF
Property subtype
Residential Income
Listing Agency:
Colliers International
(415) 288-7869
Listed By:
Dustin Dolby · License #01963487
(415) 288-7869
Source:
Exprealty
Added: Nov 13, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International
Investment Insights
Based on property information with market context.
Located at 1857 Mason Street, this 4,998-square-foot mixed-use building contains seven one-bedroom, one-bathroom apartments and one commercial space at street level. Residential interiors include hardwood flooring, generous closet storage, and substantial natural light. Gas and electricity are separately metered, and the property complies with San Francisco’s Soft-Story Retrofit Ordinance.
The building occupies the corner of Filbert and Mason Streets in North Beach, with nearby access to transit, cafes, restaurants, retail, Washington Square Park, and Coit Tower. Its combination of residential occupancy and commercial space creates a varied tenant profile within an active urban setting frequented by both residents and visitors.
The building occupies the corner of Filbert and Mason Streets in North Beach, with nearby access to transit, cafes, restaurants, retail, Washington Square Park, and Coit Tower. Its combination of residential occupancy and commercial space creates a varied tenant profile within an active urban setting frequented by both residents and visitors.
Key Highlights
- 8‑unit mixed‑use building with 7 one‑bedroom apartments and 1 ground‑floor commercial unit
- 4,998 SF building at 1857 Mason St
- Seven apartments each include 1 BD / 1 BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,245,400
$3.2M
Cap Rate 7%
$2,318,143
$2.3M
Cap Rate 9%
$1,803,000
$1.8M
Market Conditions
NOI Build-Up for 4,998 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$314.9K $63.00/SF
− Vacancy
−$19.8K −$3.97/SF
EGI
$295.0K $59.03/SF
− OpEx
−$132.8K −$26.56/SF
NOI
$162.3K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,245,400
Cap Rate 7%
$2,318,143
Cap Rate 9%
$1,803,000
Alternative Uses
Best Use
Apartment 5plus
$2.32M
$2.03M – $2.70M
NOI $162,270 @ 7.0% cap · market cap 8.20%
Second Best
Mixed Use
$1.59M
$1.39M – $1.86M
NOI $111,518 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$24.41M
$21.36M – $28.48M
NOI $1,708,922 @ 7.0% cap · market cap 86.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Urban building combines residential apartments with a ground-floor commercial space near transit, dining, retail, and cultural destinations.
Where is this mixed-use property located?
The property is located at 1857 Mason St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 8‑unit mixed‑use building with 7 one‑bedroom apartments and 1 ground‑floor commercial unit; 4,998 SF building at 1857 Mason St; Seven apartments each include 1 BD / 1 BA
