Mixed-Use Building Near Union
620 Ofarrell Street San Francisco, CA 94109
620 Ofarrell Street, San Francisco, CA, 94109
$2,600,000
For Sale
$2,600,000
Mixed-use building with commercial and residential units near Union Square.
Property Size4,240 SF
Price / SF$613.21
Days on Market403
Property Features for 620 Ofarrell Street
General Information
- Standard status
- Active
- Size
- 4,240 SF
Building Details
- Year Built
- 1909
Listing Agency
COMPASS COMMERCIAL
(415) 345-3000
Listed by
THEODORE WONG
Source
Corcoran
Added: Jun 10, 2025 Checked: Jul 17 at 2:21 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 COMPASS COMMERCIAL
Investment Insights
Based on property information with market context.
Located less than a mile from San Francisco's Union Square, this mixed-use building offers a rare opportunity in the heart of the city. The ground floor is anchored by Louder Restaurant, providing commercial income. The upper floors consist of 13 SRO units. Residents have access to a common kitchen and private and shared restrooms. Seven rooms hold city-designated tourist licenses and are rented nightly, historically generating short rental income. The remaining six rooms are suited for longer-term tenants, with four to be delivered vacant, allowing flexibility in tenant selection and rent stabilization. The property, with a size of 4240 square feet, is offered at a 8.31% CAP rate and 9.02 GRM, providing immediate income with upside potential through lease-up and operational optimization.
Key Highlights
- Prime location less than a mile from San Francisco's Union Square.
- Mixed‑use building with established commercial tenant (Louder Restaurant) providing steady income.
- Seven SRO units with city‑designated tourist licenses generating strong short‑term rental income.
Local Financial Insights For Mixed Use
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 | $152.6k | $36.00 |
| − Vacancy | −$22.9k | −$5.40 |
| EGI | $129.7k | $30.60 |
| − OpEx | −$48.7k | −$11.48 |
| NOI | $81.1k | $19.13 |
4,240 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$19.33M
$16.91M – $22.55M
NOI $1,353,096 @ 7.0% cap · market cap 52.04%
Second Best
Specialty Retail
$12.74M
$11.15M – $14.87M
NOI $891,990 @ 7.0% cap · market cap 34.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Mixed-use building with commercial and residential units near Union Square.
Where is this hotel located?
The property is located at 620 Ofarrell Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Prime location less than a mile from San Francisco's Union Square.; Mixed‑use building with established commercial tenant (Louder Restaurant) providing steady income.; Seven SRO units with city‑designated tourist licenses generating strong short‑term rental income.
