
San Francisco, CA 94110
This eight-unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $2,850,000—positioned above the $2,749,003 Fair Market Value. Despite the premium, the property offers a stable 6.7% cap rate and a 10.4 GRM. With a Condition Rating of 3, the building features a 2017 seismic retrofit and updated 400-amp electrical service. The mix of six residential units and two commercial spaces provides a diversified revenue stream. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Portfolio Managers seeking immediate, income-producing stability in Bernal Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 105-111 Richland Avenue Subject 12 bd · 0 ba · 6,735 sqft · $408 | $2,850,000* List Price | 12 | 0 | 6,735 | $408 | - |
A 1415-1417 Guerrero Street Pending 12 bd · 6 ba · 5,346 sqft · $373 · 0.8 mi | $1,995,000 List Price | 12 | 6 | 5,346 | $373 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1927, the property has undergone significant system updates including a 2017 seismic retrofit, a 2019 fire alarm system, and updated 400-amp electrical service. Interior photos show modernized kitchens with stainless steel appliances and well-maintained original features like hardwood floors and built-in cabinetry, making it move-in ready.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The property features a strategic mix of six residential units and two established commercial spaces—a laundromat and a coffee shop—providing a balanced and stable revenue base.
Recent major upgrades, including a 2017 soft-story seismic retrofit, updated 400-amp electrical service, and a 2019 fire alarm system, significantly reduce future capital expenditure risks.
Many of the immediate neighborhood schools carry low ratings (ranging from 1 to 4), which may limit the long-term appeal for residential tenants prioritizing education quality.
The residential component consists solely of studios and one-bedroom units, which restricts the potential tenant pool by excluding larger families or those requiring more space.
105-111 Richland Avenue is an eight unit investment opportunity in Bernal Heights. The property consists of six spacious and charming apartments and two commercial spaces. The residential unit mix includes four one-bedroom apartments and two studios, featuring high ceilings, hardwood floors, built-in cabinetry, and great layouts. One of the one-bedroom apartments will be delivered vacant. Detached on three sides, the building receives abundant natural light throughout the apartments. The commercial spaces are occupied by a laundromat and a coffee shop, both well suited to this corner location. The building has been maintained to a high standard, which is evident throughout. The main electrical service has been updated and indicates 400 amps of service. A soft-story seismic retrofit was completed in 2017, and a new fire alarm system with sleep alarms was installed in 2019. Efficient operations and low operating costs further enhance the investment. Priced at a 10.4 GRM and a 6.7% cap rate, 105-111 Richland Avenue offers strong current income in a desirable neighborhood location.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 12.0 | 4.6 |
| Baths | 0.0 | 4.0 |
| Square foot | 6,735 | 3,221.149 |
| Lot Size | 2,496 | 2,766.255 |
| Price | $2.85M | $2.13M |
| Price per sq ft | $423 | $697 |
| Built year | 1927 | 1925 |
| HOA | $0 | $0 |
| Days on market | 3 | 53 |
Oct 22, 2026
$2,850,000
Initial Listing
May 6, 1998
$700,000
Public Record