2637-2645 Mission Street, San Francisco, CA 94110, San Francisco, 94110 - 30 bed, bath
ACTIVE$5,495,000
2637-2645 Mission Street, San Francisco, CA 94110
30Beds
0Bath
16,834Sqft
7,958.41Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Top Cons:
Majority of Residential Units Subject to Rent Control: While 3 units are exempt, the remaining 8 residential units are likely subject to San Francisco's stringent rent control laws, which could limit future rental income growth for a significant portion of the property.
Compared to the nearby listings
Price:$5.50M vs avg $1.28M (+$4,216,000)80%
Size:16,834 sqft vs avg 4,080 sqft80%
Price/sqft:$326 vs avg $32650%
More Insights
Built in 1904 (121 years old).
Condition: Despite the 1904 build year, the property has undergone extensive and recent renovations. The listing explicitly states that 9 out of 14 units were 'fully renovated down to the studs' with 'brand-new electrical and plumbing systems, kitchens, baths, flooring, windows, central heating, and stainless-steel appliances.' Additionally, recent capital improvements include seismic strengthening, new building systems, a modern fire alarm, and a new first-floor sprinkler system. This indicates that the majority of the property, particularly the key areas like kitchens and bathrooms, are virtually new and meet current quality standards, aligning with an 'excellent' condition rating.
Year Built
1904
Close
-
List price
$5.5M
Original List price
-
Price/Sqft
$326
HOA
$0
Days on market
-
Sold On
-
MLS number
425072539
Home ConditionExcellent
Features
View-
About this home
Priced to move. This extensively renovated mixed-use property in the Mission District offers a rare combination of scale, stability, and upside. The building comprises 11 apartments and 3 commercial storefronts, totaling approximately 16,834 square feet. Recent capital improvements include seismic strengthening, new building systems, a modern fire alarm, and a new first-floor sprinkler system. Of the 14 total units, 9 are either newly constructed or fully renovated down to the studs with city permits. Upgrades include brand-new electrical and plumbing systems, kitchens, baths, flooring, windows, central heating, and stainless-steel appliances. Most feature in-unit washer/dryers, with 3 new residential units exempt from San Francisco rent control. The property is 100% leased, offering investors both income stability and long-term growth. With extensive renovations complete and modern infrastructure in place, this is an ideal opportunity for a long-term investor seeking a turnkey asset, with value-add upside in one of San Francisco's most vibrant neighborhoods.
Nearby schools
3/10
Chavez (Cesar) Elementary School
Public,•K-5•0.2mi
5/10
Moscone (George R.) Elementary School
Public,•K-5•0.3mi
4/10
Bryant Elementary School
Public,•K-5•0.8mi
2/10
Sanchez Elementary School
Public,•K-5•0.9mi
3/10
Milk (Harvey) Civil Rights Elementary School
Public,•K-5•1.0mi
6/10
King (Starr) Elementary School
Public,•K-5•1.0mi
2/10
Fairmount Elementary School
Public,•K-5•1.1mi
1/10
Mission Education Center
Public,•K-5•1.1mi
7/10
Alvarado Elementary School
Public,•K-5•1.1mi
5/10
Daniel Webster Elementary School
Public,•K-5•1.3mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•1.7mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.7mi
/10
Chinese Education Center
Public,•K-5•2.9mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•0.1mi
3/10
Lick (James) Middle School
Public,•6-8•0.8mi
4/10
Everett Middle School
Public,•6-8•0.8mi
2/10
Revere (Paul) Elementary School
Public,•K-8•1.3mi
6/10
Rooftop Elementary School
Public,•K-8•1.4mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.6mi
3/10
San Francisco Community Alternative School
Public,•K-8•2.1mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•2.8mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•2.9mi
6/10
Aptos Middle School
Public,•6-8•3.1mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•3.6mi
9/10
Lawton Alternative Elementary School
Public,•K-8•3.9mi
3/10
O'connell (John) High School
Public,•9-12•0.4mi
2/10
S.F. International High School
Public,•9-12•0.5mi
3/10
Mission High School
Public,•9-12•0.7mi
1/10
Downtown High School
Public,•9-12•0.9mi
2/10
Marshall (Thurgood) High School
Public,•9-12•1.6mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.7mi
6/10
Academy Of Arts And Sciences
Public,•9-12•1.8mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•1.8mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.3mi
2/10
Jordan (June) School For Equity
Public,•9-12•2.4mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•2.5mi
7/10
Balboa High School
Public,•9-12•2.5mi
8/10
Galileo High School
Public,•9-12•3.4mi
7/10
Lincoln (Abraham) High School
Public,•9-12•3.5mi
10/10
Lowell High School
Public,•9-12•3.9mi
7/10
Washington (George) High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
09/15/16
Sold
$6,421,000
05/29/14
Sold
$3,860,000
Condition Rating
Excellent
Despite the 1904 build year, the property has undergone extensive and recent renovations. The listing explicitly states that 9 out of 14 units were 'fully renovated down to the studs' with 'brand-new electrical and plumbing systems, kitchens, baths, flooring, windows, central heating, and stainless-steel appliances.' Additionally, recent capital improvements include seismic strengthening, new building systems, a modern fire alarm, and a new first-floor sprinkler system. This indicates that the majority of the property, particularly the key areas like kitchens and bathrooms, are virtually new and meet current quality standards, aligning with an 'excellent' condition rating.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Extensive Renovation & Modernization: The property has undergone extensive renovations, including seismic strengthening, new building systems, modern fire alarm, and 9 units fully renovated down to the studs with new electrical, plumbing, kitchens, baths, and central heating, presenting a turnkey asset.
Mixed-Use & Scale: Comprising 11 apartments and 3 commercial storefronts across 16,834 square feet, this mixed-use property offers diversified income streams and significant investment scale.
Rent Control Exemption: Three of the new residential units are exempt from San Francisco rent control, providing a significant advantage for potential market-rate rental income adjustments and upside.
100% Leased & Income Stability: The property is 100% leased, ensuring immediate and stable cash flow for investors, reducing vacancy risk and offering income stability.
Prime Mission District Location: Situated in San Francisco's vibrant Mission District, the property benefits from a highly desirable location with strong tenant demand and potential for long-term appreciation.
Cons
Majority of Residential Units Subject to Rent Control: While 3 units are exempt, the remaining 8 residential units are likely subject to San Francisco's stringent rent control laws, which could limit future rental income growth for a significant portion of the property.
Significant Price Reduction from Previous Sale: The current list price of $5.495M is considerably lower than its 2016 sale price of $6.421M, which may raise questions about market conditions, previous valuation, or underlying factors affecting its current value.
Lack of Detailed Commercial Lease Information: The description confirms 3 commercial units are leased but omits crucial details regarding lease terms, tenant creditworthiness, and remaining lease durations, which are vital for a comprehensive investment analysis.