Mixed-Use Asset in San
515 Ofarrell ST San Francisco, CA 94102
515 Ofarrell ST, San Francisco, CA, 94102
$10,500,000
For Sale
$10,500,000
46-unit mixed-use asset in the heart of San Francisco.
Property Size25,896 SF
Price / SF$405.47
Days on Market115
Property Features for 515 Ofarrell ST
General Information
- Standard status
- Active
- Size
- 25,896 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1926
Listing Agency
THE AGENCY
(424) 230-3700
Listed by
AIDA MOLINA-POLLE
Source
Corcoran
Added: Mar 25 Checked: Jul 17 at 3:44 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 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.
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 | $1.63M | $63.00 |
| − Vacancy | −$102.8k | −$3.97 |
| EGI | $1.53M | $59.03 |
| − OpEx | −$687.9k | −$26.56 |
| NOI | $840.8k | $32.47 |
25,896 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$12.01M
$10.51M – $14.01M
NOI $840,767 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$8.25M
$7.22M – $9.63M
NOI $577,805 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$126.49M
$110.68M – $147.57M
NOI $8,854,393 @ 7.0% cap · market cap 84.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
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 $10,500,000.
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.
