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Stacey Alysson Melman

515 Ofarrell ST
San Francisco, CA, 94102
$7,000,000
Beds
0 Baths
0 SqFt
0.1 Acres
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MLS #41128295 image #0
Significant Price Reduction! First time on the market in 49 years, this 46-unit mixed-use flagship trophy asset offers an outstanding investment opportunity in San Francisco’s core corridor. Delivering an 8.37% actual in-place cap rate, the property is offered at approximately $152,174 per unit and $270 per square foot, well below estimated replacement cost. The 100% occupied asset consists of 45 studio apartments, one ground-floor commercial space, and seven garage spaces. The high-rise fire sprinkler upgrade is approximately 90% complete, with the balance to be completed prior to close of escrow. Additional value includes approximately $190,000 in annual rental upside, $46,947 in documented banked rent increases, Fannie Mae and Freddie Mac approved, no mandatory soft-story retrofit, located within a Federal New Markets Tax Credit (NMTC) Census Tract. Ideally situated near Union Square, Powell BART/MUNI, and major hotels. Offering Memorandum available upon request.
AGENT: Aida Molina-Polle
LISTING BROKERAGE: The Agency
515 Ofarrell ST
San Francisco, CA

Property Details

Price:
$7,000,000
MLS #:
41128295
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
CIVIC CENTER
Listed Date:
Mar 24, 2026
Lot Size:
4,534 sqft / 0.10 acres (approx)
Year Built:
1926
Civic Center
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