SOMA Mixed-Use Work/Live
22 Russ Street San Francisco, CA 94103
22 Russ Street, San Francisco, CA, 94103
$1,079,000
Pending
For Sale
$1,079,000
Pending
Two-unit mixed-use building in San Francisco's SOMA neighborhood.
Property Size3,750 SF
Lot Size0.04 Acres
Days on Market151
Property Features for 22 Russ Street
General Information
- Standard status
- Pending
- Size
- 3,750 SF
- Lot size
- 0.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing agency
URBAN GROUP REAL ESTATE
(415) 863-1775
Listed by
ANASTASIA RO BECKETT · License #01518102
Source
Corcoran
Added: Feb 21 Updated: Jul 10 at 12:54PM Checked: Jul 21 at 4:49AM
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 URBAN GROUP REAL ESTATE
Investment Insights
Based on property information with market context.
Located in San Francisco's SOMA neighborhood, 22-24 Russ Street is a two-unit mixed-use building offering approximately 3,750 square feet of space. The property is suitable for both owner-users and investors. Its central location and spacious design make it ideal for creative uses. The building has a walk score of 98 and a transit score of 100.
Key Highlights
- Mixed‑Use Work/Live Building: Offers flexibility for living and working.
- Prime SOMA Location: Situated in a highly desirable San Francisco neighborhood.
- Excellent Walk & Transit Scores: Boasts a transit score of 100 and a walk score of 98, indicating exceptional accessibility.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.2k | $44.04 |
| − Vacancy | −$41.9k | −$11.19 |
| EGI | $123.2k | $32.85 |
| − OpEx | −$30.8k | −$8.21 |
| NOI | $92.4k | $24.64 |
3,750 SF · lease $44.04/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,401 @ 7.0% cap · market cap 8.56%
Second Best
Mixed Use
$1.20M
$1.05M – $1.39M
NOI $83,672 @ 7.0% cap · market cap 7.75%
Theoretical Best
Specialty Retail
$18.32M
$16.03M – $21.37M
NOI $1,282,205 @ 7.0% cap · market cap 118.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use building in San Francisco's SOMA neighborhood.
Where is this mixed-use property located?
The property is located at 22 Russ Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: Mixed‑Use Work/Live Building: Offers flexibility for living and working.; Prime SOMA Location: Situated in a highly desirable San Francisco neighborhood.; Excellent Walk & Transit Scores: Boasts a transit score of 100 and a walk score of 98, indicating exceptional accessibility.
