Marina District Mixed-Use
For Sale
$3,350,000
2412 Lombard, San Francisco, CA 94123
Fully leased mixed-use property with retail and residential units.
Property Size3,493 SF
Lot Size0.06 Acres
Price / SF$959.06
Days on Market358
Property Features for 2412 Lombard
General Information
Standard status
Active
Size
3,493 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
W REAL ESTATE
5910570
Listed By:
RANDY WALLER
Source:
Corcoran
Added: Aug 11, 2025
Changed: Jul 6
Last Checked: Aug 2 at 12:18PM
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 W REAL ESTATE
Investment Insights
Based on property information with market context.
This is a fully leased mixed-use investment opportunity located in the Marina District. The ground floor features a 2000+ square foot retail/commercial space, currently leased to The Apothecarium SF, a cannabis dispensary. The space has been fully remodeled and updated with high-quality finishes. The tenant has multiple years remaining on a NNN lease with additional extensions, providing a stable investment. The lease includes yearly base rent increases and a minimum percentage rent kicker. The second floor, accessed by a private entrance off Lombard Street, comprises a 1464 square foot apartment with 3 bedrooms and 2 baths, occupied by stable tenants. The property size is 3493 square feet.
Key Highlights
- Fully leased to The Apothecarium SF, a stable, industry‑leading cannabis dispensary, with multiple years remaining on a NNN lease and extensions.
- Above‑market rents and CAP rate due to yearly base rent increases and a minimum percentage rent kicker.
- Mixed‑use property featuring a 2000+ sq ft ground floor retail/commercial space and a 1464 sq ft, 3 bedroom / 2 bath apartment.
Financial Insights For Apartment 5plus
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 | $220.1k | $63.00 |
| − Vacancy | −$13.9k | −$3.97 |
| EGI | $206.2k | $59.03 |
| − OpEx | −$92.8k | −$26.56 |
| NOI | $113.4k | $32.47 |
3,493 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Retail
$15.92M
$13.93M – $18.58M
NOI $1,114,709 @ 7.0% cap · market cap 33.27%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,407 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$17.06M
$14.93M – $19.91M
NOI $1,194,331 @ 7.0% cap · market cap 35.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
Market
Properties on Market for Mixed-use properties in San Francisco
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 - Fully leased mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 2412 Lombard San Francisco, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Fully leased to The Apothecarium SF, a stable, industry‑leading cannabis dispensary, with multiple years remaining on a NNN lease and extensions.; Above‑market rents and CAP rate due to yearly base rent increases and a minimum percentage rent kicker.; Mixed‑use property featuring a 2000+ sq ft ground floor retail/commercial space and a 1464 sq ft, 3 bedroom / 2 bath apartment.
