Corner Mixed-Use Building with
New
For Sale
$1,895,000
3697-3699 Mission Street, San Francisco, CA 94110
Residential Income, San Francisco, CA
Property Size3,750 SF
Lot Size0.05 Acres
Price / SF$505.33
Days on Market3
Property Features for 3697-3699 Mission Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 3
Security features
Security
Lot features
Corner Lot, Sidewalk, Corner Lot, Sidewalk
Subdivision
SF District 9
Standard status
Active
APN
5713013
Size
3,750 SF
Lot size
0.05 Acres
Utilities
Heating system
Wall Furnace
Building Details
Year built
1910
Floors in Building
3
Number of units
5
Flooring type
Vinyl, Wood
Building materials
Stucco, Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Compass
(415) 660-9955
Listed By:
Brandon S Chen
(415) 971-1099
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 3 at 4:06AM
MLS# 426159393
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3697-3699 Mission Street in San Francisco’s Bernal Heights, this 3,750-square-foot mixed-use property combines four residential units with ground-floor commercial space. Each apartment is configured as a 2BD/1BA residence ranging from 650 to 900 SF, while the commercial component is occupied on a month-to-month lease.
The building occupies a 0.048-acre lot and was constructed in 1910. Exterior materials include stucco and wood siding, with vinyl and wood flooring inside. Wall furnaces provide heating, and the roof is asphalt. Gas and electric service are separately metered, supporting distinct residential and commercial operations.
The building occupies a 0.048-acre lot and was constructed in 1910. Exterior materials include stucco and wood siding, with vinyl and wood flooring inside. Wall furnaces provide heating, and the roof is asphalt. Gas and electric service are separately metered, supporting distinct residential and commercial operations.
Key Highlights
- Four 2BD/1BA residential units, each ranging from 650‑900 SF
- Ground‑floor commercial space leased month‑to‑month
- 3,750 SF mixed‑use building on a 0.048‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,954
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,319,080
$2.3M
Cap Rate 7%
$1,656,486
$1.7M
Cap Rate 9%
$1,288,378
$1.3M
Market Conditions
NOI Build-Up for 3,750 SF
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.
Gross rent
$225.0K $60.00/SF
− Vacancy
−$14.2K −$3.78/SF
EGI
$210.8K $56.22/SF
− OpEx
−$94.9K −$25.30/SF
NOI
$116.0K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,319,080
Cap Rate 7%
$1,656,486
Cap Rate 9%
$1,288,378
Alternative Uses
Best Use
Retail
$17.10M
$14.96M – $19.95M
NOI $1,196,724 @ 7.0% cap · market cap 63.15%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $115,954 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$18.32M
$16.03M – $21.37M
NOI $1,282,205 @ 7.0% cap · market cap 67.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
Market
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 - Four residential units accompany a ground-floor commercial space with separately metered gas and electric service.
Where is this mixed-use property located?
The property is located at 3697-3699 Mission Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Four 2BD/1BA residential units, each ranging from 650‑900 SF; Ground‑floor commercial space leased month‑to‑month; 3,750 SF mixed‑use building on a 0.048‑acre lot
