Mixed-Use Building with Bay
New
For Sale
$3,000,000
1530 California Street, San Francisco, CA 94109
Residential apartments accompany a ground-floor commercial space, with on-site laundry and separately metered utilities.
Property Size6,231 SF
Price / SF$481.46
Days on Market4
Property Features for 1530 California Street
General Information
Standard status
Active
Size
6,231 SF
Property subtype
Mixed Use
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR, 3 x 2BR
Multifamily Units
7
Amenities
on-site laundry
private rear yard
Building Details
Building Size
6,231 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
Colliers International
Listed By:
Brad Lagomarsino · License #01058500
(415) 288-7847
Source:
Realestatenovo
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 7:42AM
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.
Built in 1915, this approximately 6,231-square-foot mixed-use property combines eight residential apartments with a ground-floor commercial space. The residential mix includes four one-bedroom units and three two-bedroom units, while the building retains bay windows, period detailing, and abundant natural light. Several apartments have been updated, and one includes access to a private rear yard. Separately metered gas and electricity and on-site laundry add practical operating features.
The property is located at 1530 California Street in San Francisco’s Nob Hill neighborhood, a short distance from Polk Street, Van Ness Avenue, and Downtown San Francisco. Restaurants, cafes, retail amenities, and public transportation are nearby, with connections to the Financial District, Union Square, Russian Hill, and Pacific Heights. The commercial and residential components create a varied mixed-use configuration within an established central neighborhood.
The property is located at 1530 California Street in San Francisco’s Nob Hill neighborhood, a short distance from Polk Street, Van Ness Avenue, and Downtown San Francisco. Restaurants, cafes, retail amenities, and public transportation are nearby, with connections to the Financial District, Union Square, Russian Hill, and Pacific Heights. The commercial and residential components create a varied mixed-use configuration within an established central neighborhood.
Key Highlights
- Approximately 6,231 SF mixed‑use property built in 1915
- Four one‑bedroom units and three two‑bedroom units
- Ground‑floor commercial space
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
$186,118
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
6.20%
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%
$3,722,360
$3.7M
Cap Rate 7%
$2,658,829
$2.7M
Cap Rate 9%
$2,067,978
$2.1M
Market Conditions
NOI Build-Up for 6,231 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
$361.1K $57.96/SF
− Vacancy
−$22.8K −$3.65/SF
EGI
$338.4K $54.31/SF
− OpEx
−$152.3K −$24.44/SF
NOI
$186.1K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /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%
$3,722,360
Cap Rate 7%
$2,658,829
Cap Rate 9%
$2,067,978
Alternative Uses
Best Use
Retail
$28.41M
$24.86M – $33.14M
NOI $1,988,477 @ 7.0% cap · market cap 66.28%
Second Best
Apartment 5plus
$2.66M
$2.33M – $3.10M
NOI $186,118 @ 7.0% cap · market cap 6.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential apartments accompany a ground-floor commercial space, with on-site laundry and separately metered utilities.
Where is this mixed-use property located?
The property is located at 1530 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 6,231 SF mixed‑use property built in 1915; Four one‑bedroom units and three two‑bedroom units; Ground‑floor commercial space
