Elevator Apartment
For Sale
$7,295,000
Ofarrell, San Francisco, CA 94109
ResidentialIncome, SanFrancisco, CA
Property Size16,768 SF
Lot Size0.15 Acres
Price / SF$435.05
Days on Market16
Property Features for Ofarrell
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC4
Elementary school
SanFranciscoUnified
High school
SanFranciscoUnified
Elementary school district
SanFranciscoUnified
High school district
SanFranciscoUnified
Subdivision
Tenderloin
Standard status
Active
APN
0321-032
Size
16,768 SF
Lot size
0.15 Acres
Amenities
hardwood floors
tiled kitchens and baths
walk-in closets
bay windows
lobby with stone floors
courtyard
laundry room
storage
Building Details
Year built
1924
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 21 at 2:06PM
MLS# ML82063777
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1924, this four-story apartment property contains 33 units across approximately 16,768 SF on a 6,614 SF lot. The layout comprises 24 junior one-bedrooms, 7 studios and 2 two-bedrooms. About 80% of the apartments have been renovated. Unit features include hardwood floors, tiled kitchens and baths, walk-in closets and, in most apartments, bay windows. Common areas and amenities include an elevator, stone-floored lobby, courtyard, laundry room, storage and a double garage. Gas and electric service are separately metered, and the garage generates parking income. The building has a new concrete perimeter foundation.
The property is in San Francisco’s Tenderloin, within walking distance of Union Square, Civic Center, Van Ness and Mid-Market employers. Muni and BART service are nearby. Current cap rate is 6.92%, with a pro forma cap rate of 8.86%; market rents are about 32% above in-place rents.
The property is in San Francisco’s Tenderloin, within walking distance of Union Square, Civic Center, Van Ness and Mid-Market employers. Muni and BART service are nearby. Current cap rate is 6.92%, with a pro forma cap rate of 8.86%; market rents are about 32% above in-place rents.
Key Highlights
- 33 apartments: 24 junior one‑bedrooms, 7 studios and 2 two‑bedrooms
- Four‑story elevator building completed in 1924
- Approximately 16,768 SF on a 6,614 SF lot; zoned RC4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$500,855
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,017,100
$10.0M
Cap Rate 7%
$7,155,071
$7.2M
Cap Rate 9%
$5,565,056
$5.6M
Market Conditions
NOI Build-Up for 16,768 SF
Gross rent
$971.9K $57.96/SF
− Vacancy
−$61.2K −$3.65/SF
EGI
$910.6K $54.31/SF
− OpEx
−$409.8K −$24.44/SF
NOI
$500.9K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,017,100
Cap Rate 7%
$7,155,071
Cap Rate 9%
$5,565,056
Alternative Uses
Best Use
Apartment 5plus
$7.16M
$6.26M – $8.35M
NOI $500,855 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$76.44M
$66.89M – $89.19M
NOI $5,351,113 @ 7.0% cap · market cap 73.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
33
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
Check the figures for this property
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?
Apartment building - The 33-unit property offers a mix of studios and one- and two-bedroom apartments, with RC4 zoning.
Where is this apartment building located?
The property is located at Ofarrell San Francisco, CA.
What is the asking price?
The asking price for this property is $7,295,000.
What are key features of this property?
This property features: 33 apartments: 24 junior one‑bedrooms, 7 studios and 2 two‑bedrooms; Four‑story elevator building completed in 1924; Approximately 16,768 SF on a 6,614 SF lot; zoned RC4
