515 Ofarrell ST, San Francisco, CA 94102, San Francisco, 94102 - 0 bed, 0 bath
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San Francisco, CA 94102
Analysis of 515 Ofarrell ST, San Francisco, CA 94102 is currently available with a list price of $10,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1926 concrete building that appears structurally sound and has received essential capital improvements like a new roof coating and furnace upgrades. However, the lobby, stairwells, and common areas exhibit significant age-related wear and dated fixtures. While the commercial space and laundromat show some modernization, the residential units likely require updates to kitchens and bathrooms given the 48-year ownership history and the vintage nature of the visible interior infrastructure.
Situated in the heart of San Francisco near Union Square, the property boasts exceptional transit accessibility via BART, cable cars, and MUNI, ensuring consistently high rental demand.
As a concrete building exempt from San Francisco's mandatory soft-story retrofit program, it offers significant long-term savings on capital expenditures and structural upgrades.
The asset features 45 residential units complemented by a ground-floor commercial laundromat and rare urban amenities, including a panoramic roof deck and seven on-site parking spaces.
Originally constructed in 1926, the property may require ongoing capital investment to modernize aging systems and utilities beyond the recent roof and furnace improvements.
With the residential component consisting entirely of studio apartments, the property is susceptible to higher turnover rates and a more limited tenant demographic.
First time on the market in 48 years - a once-in-a-generation investment opportunity. The Beverly, located at 515 O'Farrell Street, is a 46-unit mixed-use asset comprised of 45 studio apartments and one ground-floor commercial unit, ideally situated in the heart of San Francisco. The property is within walking distance to Union Square, national name-brand hotels, BART, cable cars, and offers immediate access to multiple MUNI bus lines. The residential component features 45 well-laid-out studio units, offering efficient layouts and strong rental demand. The ground floor includes a large laundromat servicing both residential and commercial clientele. Additional highlights include a roof deck with panoramic views and 7 parking spaces. Capital improvements include elastomeric roof coating, furnace improvements, and ongoing upgrades to the sprinkler system. This concrete building is not subject to San Francisco's soft-story retrofit program. Fannie Mae and Freddie Mac approv
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 33% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 25,896 | 1,870 | 67% |
| Lot Size | 4,534 | 1,542.02 | 67% |
| Price | $10.50M | $1.44M | 67% |
| Price per sq ft | $405 | $749 | 33% |
| Built year | 1926 | 1900 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 210 | 33% |
Mar 24, 2026
$10,500,000
Initial Listing