Historic Mixed-Use
2950 21st Street San Francisco, CA 94110
For Sale
Contact for pricing
Four-unit building built in 1900 with three apartments and one commercial space.
Property Size5,350 SF
Price / SF$354.77
Days on Market113
Property Features for 2950 21st Street
General Information
- Standard status
- Active
- Size
- 5,350 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1900
Listing Agency:
Marcus & Millichap - Palo Alto
(650) 391-1700
Listed By:
Eymon Binesh · License #CA 02060059
Source:
Crexi
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 3:40AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
2950 21st Street is a historic 5,350-square-foot, four-unit mixed-use property built in 1900. The building includes three residential apartments and one commercial space, with exceptionally large residential floor plans that average 1,338 square feet. The residential unit mix consists of two four-bedroom/two-bathroom units and one two-bedroom/two-bathroom unit, alongside a 1,350-square-foot commercial space.
The property is located in San Francisco’s Inner Mission neighborhood, an area positioned as a vibrant cultural and commercial hub. The building is described as offering residents access to nearby shopping, dining, and cultural amenities, along with proximity to Mission Dolores Park and the 24th Street BART station. The area also features a Walk Score of 98 and a Transit Score of 85.
With a larger primary four-bedroom unit identified as 1,818 square feet, and an accompanying commercial space, the property is also described as presenting an owner-occupancy opportunity. The listing also reports an 8.09% current cap rate.
The property is located in San Francisco’s Inner Mission neighborhood, an area positioned as a vibrant cultural and commercial hub. The building is described as offering residents access to nearby shopping, dining, and cultural amenities, along with proximity to Mission Dolores Park and the 24th Street BART station. The area also features a Walk Score of 98 and a Transit Score of 85.
With a larger primary four-bedroom unit identified as 1,818 square feet, and an accompanying commercial space, the property is also described as presenting an owner-occupancy opportunity. The listing also reports an 8.09% current cap rate.
Key Highlights
- 5,350 SF, 4‑unit mixed‑use building built in 1900 with 3 residential apartments and 1 commercial space
- Residential layout includes two 4BD/2BA units and one 2BD/2BA unit, with average unit size of 1,338 SF
- Primary 1,818 SF 4BD/2BA unit plus an attached 1,350 SF commercial space supports owner‑occupancy
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 | $321.0k | $60.00 |
| − Vacancy | −$20.2k | −$3.78 |
| EGI | $300.8k | $56.22 |
| − OpEx | −$135.3k | −$25.30 |
| NOI | $165.4k | $30.92 |
5,350 SF · lease $60.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Retail
$24.39M
$21.34M – $28.46M
NOI $1,707,327 @ 7.0% cap · market cap 89.95%
Second Best
Apartment 5plus
$2.36M
$2.07M – $2.76M
NOI $165,427 @ 7.0% cap · market cap 8.72%
Theoretical Best
Specialty Retail
$26.13M
$22.87M – $30.49M
NOI $1,829,279 @ 7.0% cap · market cap 96.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Open Heart, Inc.
Consultant
FAQs
What type of property is this?
Mixed-use property - Four-unit building built in 1900 with three apartments and one commercial space.
Where is this mixed-use property located?
The property is located at 2950 21st Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: 5,350 SF, 4‑unit mixed‑use building built in 1900 with 3 residential apartments and 1 commercial space; Residential layout includes two 4BD/2BA units and one 2BD/2BA unit, with average unit size of 1,338 SF; Primary 1,818 SF 4BD/2BA unit plus an attached 1,350 SF commercial space supports owner‑occupancy
