1516-1520 Noriega Street, San Francisco, CA 94122, San Francisco, 94122 - 12 bed, 6 bath
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1516-1520 Noriega Street
San Francisco, CA 94122
ACTIVE
CONDITION: FAIR
12Beds
6Baths
11,760Sq Ft
4,650Lot Size
Property Price
LIST PRICE$5,000,000
SUMMARY
Rare Investment Opportunity in the Central Sunset Corridor! This high-demand, mixed-use asset at 1516-1520 Noriega Street is fully leased out, offering investors immediate, stabilized cash flow from day one. The property features 4 spacious residential units and 2 commercial units strategically laid out across a multi-level footprint, including one ground-floor retail/office storefront with immediate pedestrian exposure and one second-floor commercial space ideal for medical practitioners or professional services. Spanning roughly 11,760 total sq. ft., this prime asset delivers incredible operational upside by being built in 1990. The commercial spaces leverage highly flexible NCD zoning, while the four bright, large apartments above consistently command premium market demand. Situated just steps from the Muni Lines, three blocks from the 19th Avenue transit corridor, and surrounded by major medical anchors and popular local eateries, this fully occupied, hands-off portfolio anchor is built for maximum yield and long-term stability.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old), the property falls into the >20y age bracket. While the exterior appears well-maintained and the building is fully leased with stabilized cash flow, the 1990 construction suggests that interior kitchens, baths, and mechanical systems are likely dated and will require minor updates to maintain market-rate demand.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ulloa Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Stabilized Mixed-Use Income
The property is fully leased with a mix of four residential and two commercial units, providing immediate, diversified cash flow and long-term stability in a high-demand corridor.
- Modern Construction Advantage
Built in 1990, this asset is significantly newer than typical San Francisco inventory, offering lower maintenance requirements and potential operational advantages regarding local rent regulations.
CONSRISKS & DEFICIENCIES
- High Capital Requirement
With a $5 million list price, the property requires a significant capital outlay, which may limit the pool of potential investors in the current interest rate environment.
- Commercial Management Complexity
The inclusion of specialized commercial spaces, such as the second-floor medical/professional suite, requires more intensive management and may face longer vacancy cycles than residential units.
About 1516-1520 Noriega Street
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1990
- Lot Size
- 4,650 Sq. Ft.
Interior
- Total Bedrooms
- 12
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Jefferson Elementary School
Grades K-5 • 0.7 mi
9/10
Stevenson (Robert Louis) Elementary School
Grades K-5 • 0.8 mi
9/10
Feinstein (Dianne) Elementary School
Grades K-5 • 1.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 12.0 | 4.6 |
| Baths | 6.0 | 4.0 |
| Square foot | 11,760 | 3,221.149 |
| Lot Size | 4,650 | 2,766.255 |
| Price | $5.00M | $2.13M |
| Price per sq ft | $425 | $697 |
| Built year | 1990 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 53 |
Pricing History
Listed for Sale
Oct 12, 2026
$5,000,000
Initial Listing