7-Unit Mixed-Use
2264 Market St, San Francisco, CA 94114
For Sale
New
$2,995,000
Six residential flats sit above a ground-floor commercial space, with one flat delivered vacant and the commercial space under lease.
Property Size9,768 SF
Days on Market5
Property Features for 2264 Market St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Amenities
hardwood floors
original details
city views
rear deck
shared backyard patio
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listed By:
Jonas Judd
(415) 260-9635
Source:
Elliman
Added: Nov 10
Last Checked: Nov 12 at 8:38AM
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 Jonas Judd
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Investment Insights
Based on property information with market context.
Built in 1905, this three-story mixed-use building contains six residential flats and a ground-floor commercial unit. The flats include a vacant 2/3-bedroom, 2-bathroom unit; two other residences have updated kitchens, bathrooms, and flooring. Hardwood floors and original details remain in the apartments. Each flat has a rear deck, and residents can access a shared backyard patio. The commercial space also connects directly to the patio and provides the building’s only parking. A seismic upgrade was completed in 2015.
The commercial unit is leased on a 5-year term with a 5-year renewal option. The property is in San Francisco’s Castro neighborhood, one and a half blocks from Castro and Market Street. Whole Foods Market is nearby, and Church Street and Castro Street MUNI stations are each about 1.5 blocks away. The reported Walk Score is 95, Transit Score is 87, and Bike Score is 60.
The commercial unit is leased on a 5-year term with a 5-year renewal option. The property is in San Francisco’s Castro neighborhood, one and a half blocks from Castro and Market Street. Whole Foods Market is nearby, and Church Street and Castro Street MUNI stations are each about 1.5 blocks away. The reported Walk Score is 95, Transit Score is 87, and Bike Score is 60.
Key Highlights
- Six residential flats plus a ground‑floor commercial unit
- Vacant 2/3‑bedroom, 2‑bathroom flat
- Commercial space leased on a 5‑year term with a 5‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,441
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,988,820
$5.0M
Cap Rate 7%
$3,563,443
$3.6M
Cap Rate 9%
$2,771,567
$2.8M
Market Conditions
NOI Build-Up for 9,768 SF
Gross rent
$373.9K $38.28/SF
− Vacancy
−$17.6K −$1.80/SF
EGI
$356.3K $36.48/SF
− OpEx
−$106.9K −$10.94/SF
NOI
$249.4K $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,988,820
Cap Rate 7%
$3,563,443
Cap Rate 9%
$2,771,567
Alternative Uses
Best Use
Apartment 5plus
$4.53M
$3.96M – $5.29M
NOI $317,138 @ 7.0% cap · market cap 10.59%
Second Best
Retail
$3.56M
$3.12M – $4.16M
NOI $249,441 @ 7.0% cap · market cap 8.33%
Theoretical Best
Multifamily LT 5
$4.96M
$4.34M – $5.79M
NOI $347,150 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,866
Businesses Nearby
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Business Placement
Demographics for 94114, CA
33,683
Population
18,686
Households
1.8
Avg Household Size
40
Median Age
79%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
24,059
Density / Sq Mi
$196,528
Median Household Income
$117,677
Median Earnings
$2,898
Median Rent
$1,771,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in San Francisco, CA
Properties on Market for Mixed-use properties in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six residential flats sit above a ground-floor commercial space, with one flat delivered vacant and the commercial space under lease.
Where is this mixed-use property located?
The property is located at 2264 Market St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Six residential flats plus a ground‑floor commercial unit; Vacant 2/3‑bedroom, 2‑bathroom flat; Commercial space leased on a 5‑year term with a 5‑year renewal option
