Mixed-Use Asset in San
For Sale
$7,000,000
515 Ofarrell St, San Francisco, CA 94102
46-unit mixed-use asset in the heart of San Francisco.
Property Size25,896 SF
Price / SF$270.31
Days on Market204
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Property Features for 515 Ofarrell St
General Information
Standard status
Active
Size
25,896 SF
Property subtype
Multi Family
Building Details
Year Built
1926
Listing Agency:
The Agency
(424) 230-3700
Listed By:
Aida Molina-Polle · License #01423725
(510) 871-0177
Source:
Exitrealty
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 14 at 10:22PM
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 The Agency
Investment Insights
Based on property information with market context.
Located at 515 O'Farrell Street in San Francisco, The Beverly is a 46-unit mixed-use asset featuring 45 studio apartments and one ground-floor commercial unit. The property, totaling 25896 square feet, is situated in a central location within walking distance to Union Square, national name-brand hotels, BART, and cable cars, with immediate access to multiple MUNI bus lines. The residential component consists of 45 studio units with efficient layouts and strong rental demand. The ground floor includes a large laundromat servicing both residential and commercial clientele. Additional features include a roof deck with panoramic views and 7 parking spaces. Capital improvements include elastomeric roof coating, furnace improvements, and ongoing upgrades to the sprinkler system. This concrete building is not subject to San Francisco's soft-story retrofit program. Fannie Mae and Freddie Mac approve.
Key Highlights
- 46‑unit mixed‑use asset in the heart of San Francisco.
- Prime location within walking distance to Union Square, BART, and cable cars.
- 45 studio apartments with efficient layouts and strong rental demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$577,805
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,556,100
$11.6M
Cap Rate 7%
$8,254,357
$8.3M
Cap Rate 9%
$6,420,056
$6.4M
Market Conditions
NOI Build-Up for 25,896 SF
Gross rent
$1.09M $42.00/SF
− Vacancy
−$163.1K −$6.30/SF
EGI
$924.5K $35.70/SF
− OpEx
−$346.7K −$13.39/SF
NOI
$577.8K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,556,100
Cap Rate 7%
$8,254,357
Cap Rate 9%
$6,420,056
Alternative Uses
Best Use
Apartment 5plus
$12.01M
$10.51M – $14.01M
NOI $840,767 @ 7.0% cap · market cap 12.01%
Second Best
Mixed Use
$8.25M
$7.22M – $9.63M
NOI $577,805 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$126.49M
$110.68M – $147.57M
NOI $8,854,393 @ 7.0% cap · market cap 126.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
20,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 94102, CA
39,432
Population
23,153
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
56,331
Density / Sq Mi
$64,781
Median Household Income
$55,873
Median Earnings
$1,517
Median Rent
$996,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 46-unit mixed-use asset in the heart of San Francisco.
Where is this mixed-use property located?
The property is located at 515 Ofarrell St San Francisco, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 46‑unit mixed‑use asset in the heart of San Francisco.; Prime location within walking distance to Union Square, BART, and cable cars.; 45 studio apartments with efficient layouts and strong rental demand.
