
San Francisco, CA 94103
This six-unit apartment building represents a Strong Value Opportunity, listed at $2,750,000—positioned well above the $2,538,371 Fair Market Value. While the property carries a premium, it offers a significant 45% rental upside and a 5.77% cap rate. Featuring a Condition Rating of 3, the building includes remodeled kitchens/baths and completed soft-story retrofitting. With in-unit laundry and development potential in the rear storage areas, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or Commercial Real Estate Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 359 South Van Ness Avenue Subject 12 bd · 4 ba · 6,750 sqft · $376 | $2,750,000* List Price | 12 | 4 | 6,750 | $376 | - |
A 1486-1490 15th Street Active 12 bd · 0 ba · 6,933 sqft · $303 · 0.0 mi | $2,100,000 List Price | 12 | 0 | 6,933 | $303 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1907, the property is well-maintained with 4 of the 6 units featuring recently remodeled kitchens and bathrooms. Critical system and structural updates have been addressed, including a completed soft-story retrofit and fire alarm installation. The inclusion of modern in-unit laundry in all units and the well-preserved Edwardian facade indicate a property that is functional and move-in ready for tenants.
The property features a substantial 45% rental upside with current rents ranging from $1,082 to $4,550, offering investors significant long-term income growth potential.
Four of the six units have been tastefully updated with remodeled kitchens and baths, and the building has already completed mandatory soft-story retrofitting and fire alarm upgrades.
Situated in the heart of the Inner Mission near Valencia Street and BART, the property includes vacant storage areas with development potential to further increase value.
The garage only accommodates two small cars or motorcycles for a six-unit building, which may be a disadvantage for tenants requiring standard vehicle storage.
As a fully occupied building in San Francisco with significant rent disparities, realizing the projected upside is dependent on unit turnover within strict local rent control regulations.
359 South Van Ness is a six (6) unit apartment building located in the heart of the Inner Mission. Built in 1907, the property consists of six (6) spacious 2-bedroom, 1-bath units with garage parking for two small cars or motorcycles. The large units average over 1,000 sq/ft each. Four of the six units have been tastefully updated with remodeled kitchens and bathrooms. All six units have in-unit laundry. The property is fully occupied with monthly rents ranging from $1,082 to $4,550. The current monthly gross income is approximately $19,605, with 45% rental upside. The property is offered at an 11.69 GRM and 5.77% cap rate. The handsome Edwardian facade has bay windows and period architectural details. The soft story retrofit and fire alarms have been completed. There are two vacant storage areas behind the garage that face the rear yard which have development potential. The location is steps away from the restaurants, shops, and nightlife of the Mission District. The property is conveniently located near Valencia Street, Mission Street, and the 16th St. BART station, providing easy access to downtown San Francisco and the surrounding neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 12.0 | 4.6 |
| Baths | 4.0 | 4.0 |
| Square foot | 6,750 | 3,221.149 |
| Lot Size | 3,751 | 2,766.255 |
| Price | $2.75M | $2.13M |
| Price per sq ft | $407 | $697 |
| Built year | 1907 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 53 |
Oct 12, 2026
$2,750,000
Initial Listing
Mar 12, 2018
$2,850,000
Public Record