Mixed-Use Building with
New
For Sale
$2,200,000
6000-6004 California Street, San Francisco, CA 94121
Two ground-floor commercial spaces accompany a top-floor apartment in this San Francisco property.
Property Size3,900 SF
Days on Market5
Property Features for 6000-6004 California Street
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Corner Location
Yes
Building Details
Building Size
3,900 SF
Year Built
1912
Buildings
1
Tenancy
Multi
Listing Agency:
Sotheby's International Realty
Listed By:
Darwin Tejada
(415) 901-1700
Source:
Bonniespindler
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 10:33AM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
At 6000-6004 California Street, this 3,900-square-foot mixed-use property combines two commercial spaces with an upper-floor residence. The deli-cafe space measures approximately 678 square feet and includes a basement of approximately 1,200 square feet. The other commercial space houses a laundromat; its business and operating equipment are included in the sale, along with an ADU-compliant bathroom. The top-floor flat measures 1,590 square feet and has three to four bedrooms. The building dates to 1912.
The property sits at the corner of 22nd Avenue and California Street in San Francisco. Bi-Rite Market is planned to open across the street in 2027. The current flat tenant is expected to leave in December.
The property sits at the corner of 22nd Avenue and California Street in San Francisco. Bi-Rite Market is planned to open across the street in 2027. The current flat tenant is expected to leave in December.
Key Highlights
- 3,900‑square‑foot mixed‑use property with two commercial spaces and an upper‑floor residence
- Deli‑cafe space of approximately 678 square feet, plus a basement of approximately 1,200 square feet
- Laundromat business and operating equipment included; space has an ADU‑compliant bathroom
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
$87,019
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
3.96%
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%
$1,740,380
$1.7M
Cap Rate 7%
$1,243,129
$1.2M
Cap Rate 9%
$966,878
$966.9K
Market Conditions
NOI Build-Up for 3,900 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
$163.8K $42.00/SF
− Vacancy
−$24.6K −$6.30/SF
EGI
$139.2K $35.70/SF
− OpEx
−$52.2K −$13.39/SF
NOI
$87.0K $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 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%
$1,740,380
Cap Rate 7%
$1,243,129
Cap Rate 9%
$966,878
Alternative Uses
Best Use
Specialty Retail
$19.05M
$16.67M – $22.22M
NOI $1,333,493 @ 7.0% cap · market cap 60.61%
Second Best
Retail
$17.78M
$15.56M – $20.74M
NOI $1,244,593 @ 7.0% cap · market cap 56.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Groceries 25%
Dining 12%
Home Improvements & Furnishings 4%
Grocery Outlet Bargain Market
Groceries
29,519 visits/mo
0.4 miles
Chevron
Shops & Services
14,813 visits/mo
0.3 miles
Wells Fargo
Shops & Services
14,486 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,156 visits/mo
0.3 miles
Jiffy Lube
Shops & Services
7,368 visits/mo
0.3 miles
Demographics for 94121, CA
43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor commercial spaces accompany a top-floor apartment in this San Francisco property.
Where is this mixed-use property located?
The property is located at 6000-6004 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 3,900‑square‑foot mixed‑use property with two commercial spaces and an upper‑floor residence; Deli‑cafe space of approximately 678 square feet, plus a basement of approximately 1,200 square feet; Laundromat business and operating equipment included; space has an ADU‑compliant bathroom
