6-Unit Mixed-Use
New
For Sale
$5,000,000
1516-1520 Noriega Street, San Francisco, CA 94122
Fully occupied with four apartments and two commercial spaces serving distinct uses.
Property Size11,760 SF
Price / SF$425.17
Days on Market5
Property Features for 1516-1520 Noriega Street
General Information
Standard status
Active
Size
11,760 SF
Property subtype
Mixed Use
Zoning
NCD
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Building Size
11,760 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
LUX Realty Group
Listed By:
Kenneth Yip · License #01394400
(415) 218-9018
Source:
Adelaidamejiasf
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 9:29AM
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 LUX Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multilevel mixed-use property contains 11,760 square feet, with four residential units and two commercial units. The commercial component includes a ground-floor retail or office storefront and a separate space on the second floor. The building was constructed in 1990, and the commercial areas have NCD zoning. All six units are occupied.
Muni service is nearby, and the property is three blocks from the 19th Avenue transit corridor. Medical facilities and local restaurants are among the surrounding businesses.
Muni service is nearby, and the property is three blocks from the 19th Avenue transit corridor. Medical facilities and local restaurants are among the surrounding businesses.
Key Highlights
- Four residential units and two commercial units across a multilevel building
- 11,760 square feet; built in 1990
- Ground‑floor retail or office storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$354,904
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,098,080
$7.1M
Cap Rate 7%
$5,070,057
$5.1M
Cap Rate 9%
$3,943,378
$3.9M
Market Conditions
NOI Build-Up for 11,760 SF
Gross rent
$688.7K $58.56/SF
− Vacancy
−$43.4K −$3.69/SF
EGI
$645.3K $54.87/SF
− OpEx
−$290.4K −$24.69/SF
NOI
$354.9K $30.18/SF
Area
ZIP 94122
Vacancy
6.30%
Lease Rate
$58.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,098,080
Cap Rate 7%
$5,070,057
Cap Rate 9%
$3,943,378
Alternative Uses
Best Use
Apartment 5plus
$5.07M
$4.44M – $5.92M
NOI $354,904 @ 7.0% cap · market cap 7.10%
Second Best
Mixed Use
$3.18M
$2.78M – $3.70M
NOI $222,264 @ 7.0% cap · market cap 4.45%
Theoretical Best
Multifamily LT 5
$5.64M
$4.93M – $6.58M
NOI $394,726 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 94122, CA
57,160
Population
24,155
Households
2.4
Avg Household Size
39
Median Age
63%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
17,321
Density / Sq Mi
$145,717
Median Household Income
$80,501
Median Earnings
$2,720
Median Rent
$1,507,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied with four apartments and two commercial spaces serving distinct uses.
Where is this mixed-use property located?
The property is located at 1516-1520 Noriega Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Four residential units and two commercial units across a multilevel building; 11,760 square feet; built in 1990; Ground‑floor retail or office storefront
