About 515 Ofarrell St
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.
Features of 515 Ofarrell St
| MLS® # | 41128295 |
|---|---|
| Price | $7,000,000 |
| Bathrooms | 0.00 |
| Acres | 0.10 |
| Year Built | 1926 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 515 Ofarrell St |
|---|---|
| Subdivision | CIVIC CENTER |
| City | San Francisco |
| County | San Francisco |
| Zip Code | 94102 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Concrete |
|---|---|
| Construction | Concrete |
Additional Information
| Date Listed | March 24th, 2026 |
|---|---|
| Days on Market | 171 |
| Zoning | RC4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Aida Molina-polle |
|---|---|
| Office | The Agency |