423 South Van Ness Avenue, San Francisco, CA 94103

Listing agent Cris Lamas License #02034056

Listing office Urban Capital of San Francisco

Listing date Jun 12, 2026

Source Crexi

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Overview

423 South Van Ness Avenue is a six-unit, mixed-use Victorian featuring three large three-bedroom residential flats above three ground-floor commercial suites. The property combines long-term commercial income with on-site residential units in a single, vertically integrated building.

The building sits at the crossroads of the Mission, SoMa, and Civic Center submarkets along the South Van Ness/Mission/Folsom corridor. It is one block from 16th Street Mission BART and steps from Highway 101, with nearby retail and dining along the Valencia corridor. Whole Foods, Safeway, and a dense concentration of coffee shops and restaurants are within walking distance.

Commercial income is supported by three long-term tenants on an approximately six-year weighted-average term, with the principal anchor secured through March 2036. The remarks indicate about $1.1M of committed commercial rent remaining at in-place rates. Beneath that stability, the three residential flats are described as carrying meaningful upside, with in-place rents roughly 55% below market and a stated path to a pro forma cap rate above 10%.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Francisco

County

San Mateo

State

California

Longitude

-122.4172405

Latitude

37.766356

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FAQs

What type of property is this?

Apartment building - Six-unit Victorian with three ground-floor retail suites and three residential flats near Mission BART and Highway 101.

Where is this apartment building located?

The property is located at 423 South Van Ness Avenue San Francisco, CA.

What is the asking price?

The asking price for this property is $3,725,000.

What are key features of this property?

This property features: Six‑unit Victorian building with 3 ground‑floor commercial suites and 3 residential flats; Residential component features three large 3‑bedroom flats above the retail units; Leasing stability: three long‑term commercial tenants with roughly six‑year weighted‑average term