Marina District Mixed-Use
2412 Lombard San Francisco, CA 94123
2412 Lombard, San Francisco, CA, 94123
$3,350,000
For Sale
$3,350,000
Fully leased mixed-use property with retail and residential units.
Property Size3,493 SF
Lot Size0.06 Acres
Price / SF$959.06
Days on Market343
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 Checked: Jul 17 at 7:44 am
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
