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Property profile & analytics
OFF-MARKET Estimated value $1,570,000
Office buildings

8 Persia Ave San Francisco, CA 94112-2619

5,790 SF 0.09 ac lot Built 1953
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US09-6049342
Property summary
AI-generated overview

This exceptional 7,110 square foot commercial property, situated on a prominent corner lot in San Francisco's Mission Terrace district at 8 Persia Ave/4696 Mission St, presents a unique owner-user opportunity. The building, constructed in 1953, boasts concrete construction and features two units. The ground floor comprises approximately 3,550 square feet of retail space, currently leased to a beauty salon until 2028, with high ceilings, abundant natural light, an open area, and storage rooms. The second floor offers approximately 3,560 square feet, perfect for an owner-user seeking office, retail, or professional services space. This flexible space allows for diverse uses, maximizing investment potential. The property benefits from a highly visible location on a signalized corner, providing excellent signage opportunities along Mission Street, Persia Avenue, and Ruth Street. Its location offers convenient access to public transportation, including MUNI bus/light rail, BART, and Highway 280, as well as numerous restaurants, retailers, and City College of San Francisco. The asking price is $2,199,000, with a Net Operating Income (NOI) of $164,672 and a 7.49% cap rate. The lot size is 4,120 square feet, and the property features abundant natural light and high ceilings on the ground floor. This is an ideal investment for an owner-user seeking to occupy one unit while generating rental income from the other, offering a compelling alternative to leasing comparable space. The property's strong location, flexible use potential, and current income stream make it a highly attractive investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1953
Construction TILT-UP CONCRETE
Total area 5,790 SF
Lot 0.09 ac (4,120 SF)
Zoning code NC3
APN 6955 -043
UPID US09-6049342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mixed Martial Arts Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.04M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.57M
Owner & transaction history
Han Z Luo · 10 yrs held
Han Z Luo
since 2016
4 recorded transactions
2022
Price N/A
2016
Price N/A
2008
Price N/A
2008
$1.5M
Zoning & alternative use
NC3 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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