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    2976 Mission St San Francisco, CA 94110

    Sponsored
    For Sale
    $1,875,000

    9-Unit Condo & Commercial Building, San Francisco

    Property size:
    11,956 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This fully entitled redevelopment project in San Francisco's Mission District offers an exceptional investment opportunity. The approved plans encompass a 9-unit building (7 two-bedroom, 1 one-bedroom), bike storage, and a ground-floor commercial space, totaling 11,956 square feet on a 3,227 square foot lot. Located at 2976 Mission St, this prime location boasts proximity to the 24th Street BART station, SF General Hospital, and numerous popular restaurants and shops. The project benefits from convenient access to major tech companies' shuttle stops and easy commutes to downtown San Francisco, the Peninsula, South Bay, and San Francisco International Airport. With a $1,875,000 asking price ($156.83/sq ft), this project represents a streamlined path to building and selling or leasing, eliminating the seven years of entitlement work already completed by the previous owners. The NC3 zoning ensures compliance and future development potential. This is a turnkey opportunity to capitalize on the high demand for housing and commercial space in this thriving San Francisco neighborhood. The project's design caters to the area's demographic, with modern, efficient living spaces in a highly desirable location.

    Property Features for 2976 Mission St

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,956 SF

    Building Details

    Units
    9

    HighLights

    • Fully entitled 9‑unit condo and commercial building project in San Francisco's Mission District.
    • 9‑unit building (7 two‑bedroom, 1 one‑bedroom), bike storage, and ground‑floor commercial space totaling 11,956 square feet.
    • 11,956 square feet on a 3,227 square foot lot.
    • Prime location near 24th Street BART, SF General Hospital, and numerous amenities.
    • Excellent location with easy access to major tech shuttles and commutes.
    • Seven years of entitlement work already completed; ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Rinconcito Catracho ... Restaurant Nanis restaurant Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.418425
    Latitude
    37.749342

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    FAQs

    What type of property is this?
    Multifamily property - 9-Unit Condo & Commercial Building, San Francisco
    Where is this multifamily property located?
    The property is located at 2976 Mission St San Francisco, CA.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: Fully entitled 9-unit condo and commercial building project in San Francisco's Mission District.; 9-unit building (7 two-bedroom, 1 one-bedroom), bike storage, and ground-floor commercial space totaling 11,956 square feet.; 11,956 square feet on a 3,227 square foot lot.
    Request Owner's contact information
    2976 Mission St San Francisco, CA 94110
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    San Francisco, CA 94110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2976 Mission St San Francisco, CA 94110
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