
San Francisco, CA 94110
This Mixed-Use Income Asset represents a High-Potential Investment Opportunity with a List Price of $2,395,000—positioned well below the $2,685,854 Fair Market Value by 10%. This valuation gap offers $290,854 in Instant Equity. Delivering a rare 6.1% CAP rate, the 4,738 square foot building features two massive residential flats over a stable ground-floor commercial space. While the Condition Rating of 4 reflects its 1908 vintage, the property is fully occupied, providing immediate cash flow in the high-demand Mission corridor. This high-yield performance asset is ideal for Buy-and-Hold Investors or Portfolio Diversifiers.
Property is moderate renovation needed.
Built in 1908, this mixed-use property is functional and fully occupied but shows signs of age. While the high bathroom count in the middle unit suggests some past reconfiguration, the lack of recent renovation mentions and the 'upside' potential noted in the description indicate the interiors and systems are likely dated (>20 years) and will eventually require modernization.
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 boasts a rare 6.1% CAP rate with a strong rent roll and full occupancy, providing immediate high-yield income in a competitive San Francisco market.
Featuring two massive residential flats (5 and 6 bedrooms) over a visible ground-floor commercial space, the asset offers significant scale and risk mitigation through multiple revenue streams.
Built in 1908, the structure likely requires ongoing capital for repairs and modern upgrades typical of century-old buildings to maintain its long-term value.
The immediate elementary and middle schools have low performance ratings, which may limit the property's appeal to families and keep the focus on the roommate/shared-living market.
Located along the vibrant Mission corridor at the crossroads of the Mission District and Bernal Heights, 3691-3695 Mission Street presents a compelling mixed-use investment opportunity in one of San Francisco's most dynamic and high-demand neighborhoods. This substantial 4,738 square foot building currently offers a 6.1% CAP rate and features two expansive residential flats above a ground-floor commercial space, providing both size and income diversification. The upper residential unit offers a generous five-bedroom, one-and-a-half-bathroom layout, while the middle unit features an exceptionally large six-bedroom, four-and-a-half-bathroom configuration. These oversized floor plans support strong rental performance and are well-suited to shared living arrangements, a highly desirable housing format in San Francisco. At street level, the commercial space is currently occupied as a dance studio, benefiting from strong visibility along Mission Street and steady neighborhood activity, supporting long-term income stability. The property is fully occupied with established tenants, delivering immediate in-place income and an attractive return profile. With a strong rent roll and favorable gross income multiplier, this is a rare opportunity to acquire a high-yield asset in a market where cash-flowing properties are increasingly difficult to find. Additional upside exists through future rent optimization and operational improvements. Positioned in a prime location, the property offers immediate access to renowned restaurants, cafes, neighborhood retail, and everyday amenities. The Mission Street corridor is known for its vibrant culture and consistent tenant demand, while excellent commuter access to public transit and major freeways ensures connectivity throughout San Francisco and the greater Bay Area. With its rare scale, diversified income stream, strong cash flow, and prime location, 3691-3695 Mission Street represents a unique opportunity for investors seeking stability, performance, and long-term upside.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 8.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,738 | 4,738 | 50% |
| Lot Size | 2,097 | 3,850.7 | 33% |
| Price | $2.40M | $2.50M | 33% |
| Price per sq ft | $505 | $505 | 50% |
| Built year | 1908 | 1900 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 300 | 33% |
Apr 1, 2026
$2,395,000
Initial Listing
Sep 21, 2018
$2,135,000
Public Record
Oct 19, 2004
$756,000
Public Record